Trade Ideas Blog
Holly Morning Huddle: “Wait for the 8”, Leads 12 Algos, 3 Short
Oct 10, 2016
As of today, Monday, October 10, 2016, the return from my trading performance since January 1 stands at +80.2 accumulated points vs the benchmark SPY’s performance of +8.9 points over the same period. On Friday my performance nudged higher +0.68 points in Risk-Off mode (shown above). Risk-Off mode is where trades are not extended and exits are bounded by predetermined time in trade limits absent other reasons to exit (e.g., price target or stop loss reached, etc.) On Friday the SPY fell -0.74. My Risk-On mode, which extends the holding period for trades until the day’s close, declined -1.48.
Today’s a new day and I am prepared for the market open with 12 themes/strategies I determined overnight will best match what the market throws at us. I may or may not use all these intraday strategies depending on whether or not all the criteria for each are satisfied.
Of these 12 strategies selected today 9 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The short strategy, ‘Wait for the 8’, in the list below has the highest Win %s heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|1||57.9||Alpha Predator Edge||Long|
|2||59.9||Buyers Stepping In||Long|
|3||54.8||First to the Party||Long|
|4||72.1||Knocking on Resistance||Short|
|5||64.3||Looking for Bounce||Long|
|7||60.0||Pushing Through Resistance||Long|
|10||60.4||The 5 Day Bounce||Long|
|12||79.5||Wait for the 8||Short|
For information on the specific algorithms chosen and to follow my trading activity in the A.I. Channel, download the latest release of Trade Ideas Pro. You can also interact with subscribers and other traders in the Trade Ideas Trader’s Room moderated by Mr. Barrie Einarson, live during market hours.