Popular - Today: Elliott Wave Technology. Automated Trading and Investment Strategies: Has Santa Found His Way Back To Wall Street?

Elliott Wave Technology. Automated Trading and Investment Strategies:...

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toad37toad37
nice! 12/21/14
Elliott Wave TechnologyElliott Wave Technology
Thanks @toad37... We've been on a bit of a tear in the S&P of late.... We get our fair share of losers too... 12/21/14
Elliott Wave TechnologyElliott Wave Technology
The chart illustrated is literally a page right out of today’s Chart-Cast Pilot, which is a daily subscription service providing real-time email alerts throughout the day so that members may evaluate their trading positions, and consider aligning them with those taken within the Chart-Cast Pilot portfolio.  
 
Regardless of time-horizon, trend-trading strategy’s can never go long at absolute bottoms, nor are they able to move short at absolute tops. 
 
Think about this for a minute. At or near absolute tops, the trend is still up so one must stay long the trend, and at or near absolute bottoms, the trend is still down, so one must maintain their short stance in kind. 
 
Therefore, to trade/invest with trends successfully, it becomes an absolute necessity to wait for a confirming trend change reversal within each of the respective time-horizons in which one has engaged.  
Then and only then, win, lose, or draw, does the green flag wave for you to pull the trigger and reverse course. 
 
One week ago, on December 11, we got such a green flag to reverse short S&P futures via a bearish alert from the 2023 level. Yesterday, on 12-17, as stated in the page notes illustrated, our short-term trading strategy got a green flag to take profits on shorts and reverse back to the long side from the 1991 level. 
 
On a mark-to-market basis, based upon trading one contract, short-term S&P futures traders have open profits in excess of $4400 thus far in December, and we current sport an open trade equity level in excess of $3400 per contract traded. 
 
 
4-point Summary 
 
 
1. Ignore the news, noise, and volatility.  
 
2. Trade or Invest with Trends appropriate to your time-horizon.  
 
3. Quantify and measure the risks, efficacy, and profitability of strategy inputs that most effectively identify when trends have changed within each time horizon.  
 
4. Continually adjust your time-frame specific market bias in accordance with the stance recommended by your trading strategies inputs. 12/21/14
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