System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing...
High Vol. High Beta Stock.
D RSI <10 with Price Action on previous S/R level 163.
Looking for Reversal to mean higher.
Taking 160 / 155 Put Credit Spread.
with 165 Call for Directional Bias Higher.
Oct Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
**I use this feature to track/journal my trades**
This was unfortnantly a quick in and quick out. Needed to wait for RSI/Stoch to turn up in agreement. Tried to play the bounce off of the pivot support.
Buy In -$115.34
Stopped - $114.97
GPN has just broken through the $100 mark and the chart patterns suggest price could go higher.
However, when this stock hit $50 (in 2006) it moved into an extremely prolonged consolidation. This lasted until the end of 2013 and the range was deep (between about $30-$55).
For this reason I would recommend sitting tight until the $100 mark is comfortably cleared...
MACD & RSI potential divergence, not comfirm
In DMI indicator, +ve Directional index (blue) has confirmed a bearish divergence but -ve Directional index (red) still has not curled up.
Hence, i jumped the gun again and short at 84.5, and another one queuing at 86.
When GPN reported better than expected earning on 2nd Oct, the price shot up from channel bottom to channel top within three bars. On the fourth bar, a partial bearish abandone baby was formed.
Now because of the recent oversold condition, buyer became so aggressive that GPN gapped up last night and finished at a DOJI. If the price tonight a down bar, then it...