We closed at 1531 which was also HOD. Honestly, I just didn't see a 20 pts rally for today. Specially not easily. Just out of curiosity, what do you use for these predictions? I mean you said MA and RSI, but those don't give you target just direction....
Yep, it was not easy and level was not reached. It was my view on the strengh of SP, and I was targetin that piont, but my exit was with close point of the day... Predictions & levels are result of mathematical method used GL
I don't want to criticize you too much too soon, but the model you are using sucks. So far it has been 50/50 at best after 6 calls, and that is exactly what my Coin and Rennick's ball achive in the long run. What is the expected correctness ratio of your model? I would want at least a 70+% hit rate from any model that prizes itself with having predictive ability....
As I've just started to use this model with SP I am not now worried about results comin now...too early to say...my previous tests of model gave me at least 75% of profitable trades...real trade shows the minuses of it....but I'll continue real trades for now to reach exact numbers...
fwiw,i would`nt want to be short here in front of this explosive 30 min formation........measurement from 44 is 25 handles or 69/70 target on Es.................conservative buys woulde be between 34/40 should we see that level which i doubt. 29/30 would be pushing to negate the IHS,imo.....we go north^^
another 10 points ^ & we`d have our target met.....if we get there today,i`ll be looking for a reactionary move of 40% from swing lo. 1st target of 52 was a Louisiana move.......blew by you.