As I've been saying for about 5 years, go long on dips and go long on breakouts. We are gifted with markets such as US indicies where you KNOW where they are going over time (unlike currencies etc) so take advantage of it. Make lots of money and enjoy life
A quick look back at the week behind, going long blindly at 10 am and exiting at the close 4 pm (using ES): Mo: -3 pts Tu: 20 pts We: -8 pts Th: 10 pts Fr: -3 pts --------------- 16 pts That is pretty impressive compared to the brainlessness of the strategy not to mention the giant sell off on Friday. I wanted to post on Wednesday that it shouldn't be used because of the expected consolidation* after the Tuesday rally, but I won't count that because it wasn't posted... * Had the sideways day started out in the red, the strategy would have been OK to use. But on Tuesday we were in the green at the open.
I really dont know what you are talking about. Even HFT and algorythmic trade strategies which are rigoursly backtested need updating, tweeking and new sample sets. So a constant 10am strategy on any market is simply not possible.
Who said anything about constant? We are living in the here and now and party like 1999. Until the good times are over, this system is gold, Jerry, I am telling you, gold!
For giggles, why not try going long at 6PM ET and exiting at 4PM next calendar day? Wouldn't be surprised if that works even better.
I was being sarcastic mate. But if you find it gives you consistent edge- I hope it continues to do so. Have you run a back test on it?