I do this JM Hurst cycle method with offset moving averages. It's very simple and I am forward testing it as a sort of hobby. Mostly because no one else uses this and I thought it amusing since I no longer think this is what trading is all about, but 4 or 5 years ago I thought this stuff was what would make me money! Now it seems like the stuff of market prognosticators, not traders. All the comments were done in real time as I wanted to forward test this after mixed results back testing, moving averages can give false signals. The red 60 period offset moving average is the main signal. I am testing the 30 ma just to see if it makes any difference. The 30 ma gave ok signals as long as in direction of 60 ma.
You've got to admit this is an amazing battle to watch. Flat - except the CME puts (runners) from yesterday stop still 201.00
To be true and honest to this journal readers I would have to confess that I did not cover my puts from yesterday and I did not have time to lock the profit on all of them (that I sold yesterday at 3:00 - 4:00 pm). Therefore I am in a loss with majority of my puts and will have to implement one of my repair strategies. Oh, well ... In the world of paradigms there is an expression: - SHIFT HAPPENS!
The Caracal (I got it right) Nice call !!! If I get 7.70 on my remaining puts today I will take it and go into the weekend flat. Still think this has legs south though. I owe you one.