ExxonMobil long signal reached prior to earnings.

Lately long side moves on 30 TF in XOM have been too aggressive to capitalize on as my signals appear too late. I have the same issue only short side on SPX and FTSE . This merely tells the trending direction of a security along with giving the probability of what direction a sustained move in a security will go. Going back to the SPX example, the short side moves are incredibly aggressive and fast and each short opportunity is immediately removed by a rush to buy more given that a lower SPX presents a good opportunity to add to a position or enter if one hasn't done so already (probably very rare).

I am unsure of how long this opportunity will last or even if it will reach the 40 basis point increase I am expecting prior to earnings . Given the lack of strength in previous XOM rallies it is likely it dies out fast.

A rule I have found to be important for this system is exiting prior to earnings . Some people are good at playing earnings but as there is no math involved and it's merely an emotional catalyst for stocks, I will stay away. I will post charts that will show the importance of having this principle.

Trade closed: stop reached: XOM did not work out. This shows me the danger in using this system to trade choppy sideways securities. I will work on avoiding this and looking for sustained trends.


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