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PineConnector
Feb 15, 2021 3:09 AM

Mean-reversion SHORT - US100/NASDAQ Short

US 100Currency.com

Description

Greetings folks,

The tech index has been rising quite sharply since end of last Friday, forming a few large and strong bullish bars.

A pin was formed, though small, at the upper bollinger band with the default 20 period and 2 standard deviation settings.

My trading system recommends a short at the low of the pin with the SL be at the high of the pin.
The system historically has a 36% winrate with a 12(%/R) returns for the past 132 trades when locking in 2R (or 2x profit to risk).

Cheers
PineConnector
Comments
vychod
what is the target or TP ?
PineConnector
@vychod, based on my system 13827.7
vychod
@PineConnector, US100 now at 13841, it should be fall after market open time. How big fall do you expect ? Which level ?
PineConnector
@vychod, unfortunately, I do not have an opinion regarding that potential fall.
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