beauty of this system : IT would have kept you out september and october and it will probably not give you a longer term signal to get back (enless you are playing the short etfs) till this shithole economy cools down or stabilizes.
perfect trade (What could have been) I set a target to sell tmo short when it reached 46 on the double bottom breakout. When it got below 46, instead of selling it at market, I thought I'd get cute and sell it a few cents higher since it was bouncing around at the time. never got it bought. Once it started down, it went right to the target of 35 (using YAYT's method of targeting) unfortunately, I never got in at 46 (or so I thought) I came home this morning and checked my account to find out I never cancelled my order and it triggered Monday:eek: So now I'm in at 46, and its at 42.33 Set a stop and 45 and a target at 38. so I learned two good lessons this week due to my stupidity and it didn't cost me a bunch of money this time.
Automating this is taking quite a while ... over the past 3 days of paper trading through IB (100 share lots), 1 day of -$200, and 2 days of +$200 each, averaging about 10 trades per day not enough trades per day, but it definitely looks to have a lot of potential
+$900 over 33 trades yesterday, a little over half of which was from 2PM onwards,so probably best to ignore those trades, haha, can't count on a 10% rally occurring too often I remember another user was talking about automating PnF, have you had any success thus far?
Remember NPK? After the initial short we were discussing when it was around 70, it went straight down to a low of around 50 and since then it's been bouncing back between 50 and 55 ... keep an eye out for a breakout of this trading range!