ALL GREEN!! Great Boost For The Weekend! - 06/19/20 RECAPHi traders,
What a wonderful end of a week! I am all green, costing myself some part of that +6% had I let all the trades run to their full targets, but then again, SPY was already overextended and I didn't want to push my luck anymore.
I am also copying my trades to the TV demo live so there is even more transparency for you guys to see!
Trades:
1) CLF - SHORT @5.79, +1.22%
2) SLB - SHORT @20.53, +1.72%
3) BA - SHORT @192.01, +1.46%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +4.40%
Total PnL for the week: +1.42%
Good trades,
Tom | FINEIGHT
Earlyexit
Phew I'm Glad This Session Is OVER... - 06/04/20 RECAPHi traders,
Thursday's session was really tiring. I ended up green but had to close the screens right after I closed my last trade (I normally stick to the close, watching curiously). After first failed long I only took shorts for the rest of the day. All profitable, but none of them went full target.
Trades:
1) GOLD - LONG @24.01, -1%
2) SMAR - SHORT @47.39, +0.46%
3) CLDR - SHORT @10.96, +0.2%
4) EBAY - SHORT @49.55, +1.33%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +0.99%
Total PnL for the week: +5.65%
Good trades,
Tom | FINEIGHT
+2.19% Is Why You Should Scan THOROUGH The Day!!- 06/02/20 RECAPHi traders,
Tuesday came with nice and somewhat "predictable" setups but I had to be on top of my game thorough the day and scan outside my initial Watchlist.
Do you also scan or do you stick to your initial tips the whole day?
Trades:
1) C - LONG @51.01, -0.69%
2) PFE - LONG @35.81, +1.05%
3) CRWD - SHORT @92.79, +1.84%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +2.19%
Total PnL for the week: +3.56%
Good trades,
Tom | FINEIGHT
DANGEROUS Play Paid Off! - 06/01/20 RECAPHi traders,
On Monday I had only one trade and a rather risky one, that's why I preferred to take some profits early.
How did you do?
Trades:
1) VTIQ - LONG @31.10, +1.37%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +1.37%
Total PnL for the week: +1.37%
Good trades,
Tom | FINEIGHT
Staying AFLOAT - 05/13/20 RECAPHi traders,
Quite a good trading day on Wednesday, I ended up around BE for the day but I felt generally in good control. One small improvement could've been made in early exit of my first trade.
My Trades:
1) ALC - SHORT @56.94, I made a small mistake of not exiting earlier as ALC wasn't reacting at all to the market going down again. -1.06
2) MRNA - LONG @63.58, with the market not supporting longs at that time, I played a bit safe and took half off early. +1.27%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +0.21%
Total PnL for the week: +1.85%
Good trades,
Tom | FINEIGHT
TREND SHIFT INDICATOR: MAJOR UPDATE --- early warning lineNice performance of TSI Update on AYX reversal
Major Update to TSI: Please Read update on script
Strategy version available: "trend shift indicator strategy V2.0"
Full Day Lead on Drop...get ready to buy. Price was steady
TSI signal gave >1 day warning (black)
Confirmation gives several hours. (Main plot)
-------
Signal now shows a potential level out. Wait for confirmation.
www.linkedin.com
Early Warning: TSI and EARS indicator performanceGood performance by the EARS (Early Reversal Signal) and TSI (Trend Shift Indicator).
EARS signals early potential shift
Downward trend in TSI likewise
Early Exit / Reduction... Trend Shift Heiken While the Trend Shift Indicator and Trend Shift Heinki are barely still "green"...
we can see a shift to decreasing values and a
the stock neared the 180 caution on TSI/TSH
traders are likely to favor taking some profits.
Time for a brief pause.
Feedback Appreciated.
Early Warnings: using Trend Shift Indicator divergence.The attached chart has much of the explanation.
Here are the highlights:
TSI gives early sell warning via high values (near 170), relative highs, or in rare cases an "x" signal.
Divergence with price is also a key indicator of future action.
Examine the divergence illustrated during the price drop and the (still red) TSI values.
I hope this is helpful. Feedback appreciated.
Lead time test: Trend Shift Indicator v2.0This is a simple , single , test of the Trend Shift Indicator's lead time.
5 day chart.
Lead time = signal time - directional shift time
Warning sign: upper line on TSI trending down while price trending up
End of warning: price shift in accordance with TSI direction.
Results :
Optimal Lead time = 1.25 days (of 5D)
Practical lead time= 1 day (of 5D)
Notes:
* This is simply one of many tests and is not indicative of constant performance -- as always use other confirmation indicators
* This is using version 2.0 of TSI, however the exact parameters and outcomes apply. It simply looks a bit different.
Time To Sell the VIX : Powerline RSIPowerline RSI is again signaling a strong overbought condition on VIX.
Powerline RSI is signaling moderate overbought condition
While there has been some correction downward, there is further pressure.
A short-term short (4-week-ish) would be warranted.
Compare condition now to the huge run up months ago.
Using "Profit Rocket Factor"
Choose a stock of your choice with default time window
Add "Profit Rocket Factor Strategy"
Tweak Buy_Signal, Sell_Signal to fit your needs. (more volatile stocks need higher/lower buy and sell values, so do longer timeframes)
Confirm the strategy is right for your equity via a backtest.
With the right signal lengths, you should be able to squeeze >3 profit factor out of the equity.
BACKTEST AT BOTTOM... 1Month for SPY and QQQ, set 30min
Any feedback greatly appreciated.