First let me apologize for not writing sooner. I have been working on automation and back testing a lot and been super busy. The good news is I have come up with some great ideas that I will share.
Its right after lunch here and the markets have slowed a lot. After the first 45 minutes of trade today volume really started to slow. If you got the bigger move down today then great. However I want to focus on something I did today and that worked out if you had not hit the move down. I basically waited for a long time for the smallest timeframe I watch to start making significant(email me to define that more) higher highs and higher lows. I then took a very conservative long position. However I had not intention of holding. From this chart you can see what I did was looked at the last significant push down and looked at the distribution(outlined in blue). Normally you would get me looking for the long to move at least across the distribution but today since volume dried up so fast I only looked for the midpoint. As you can see it just barely made it and I was back flat. I’m auk with this . A little pocket change to keep the fund in the green on a otherwise down day for the index’s.
Have a good weekend and I will write more next week.
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