Oct 10, 2016

Holly Morning Huddle: “Wait for the 8”, Leads 12 Algos, 3 Short

Written by Katie Gomez

Good morning.

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:

No. Win % Strategy L/S
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
6 64.4 On Support Long
7 60.0 Pushing Through Resistance Long
8 68.5 Sunrise Mover Long
9 60.2 Tailwind Long
10 60.4 The 5 Day Bounce Long
11 65.9 Topping Formation Short
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.

Have a great morning. See you in the markets!
Best regards,
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC

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