Yeap May be. I do not trade the daily signals and have not done back testing so can say much about them. I did followed them for some weeks two months ago, and the market direction and turning points where very accurate. I did not care about the levels, or range. It was enough for me the direction and TP. I know users that do trade Options with them. With respect to Intraday signal, yes, is does work and I've been posting results. Anyway I just felt sharing this with ET users would give you a second opinion from a complex system on all your swing indicators. Take care.
Hi guys, This is an intraday chart of the Russell. This is why I trade system intraday. The black line is the prediction, the red line is the market. Trades are computed at 10:15 and not modified after that. Not bad for a no volume day. The short anticipated some minutes, but its still paying. We'll see how it ends. Take care.
The unexpected sharp sell-off around 1:35 pm may just be the hairline crack that when it breaks, Lord help us all... http://www.elitetrader.com/vb/showthread.php?s=&threadid=65265&perpage=6&pagenumber=71
Your Welcome! The prediction for the ER today was good. Check the chart. The system made 10.70 pts, and could have made more if I had trailed the stops. Anyway not bad at all. Adding all traded markets the results for the day was $1,655.45 per traded contract. I know that from the daily prediction perspective it was not a black monday, as I stated 15 days ago, but may be the predicted movement is starting. I'm no swing trader expert. Take care.
I wouldn't say today's move is meaningless. Markets don't have to decline on high volume -- I think that doing some backtesting on that would prove that out. That being said, I think a high volume sell-off raises the likelihood of a fast and nasty decline.