Trade Ideas Blog

“Pushing Through Resistance” Leads 9 Algos, 4 Long: Holly Morning Huddle

Jan 19, 2017

Pushing Through Resistance Leads the Daily Regime of Optimized Algorithms

Good morning.  Here is your Holly Morning Huddle Report. Today the number of Short strategies outnumber the Longs, but first let’s assess my overall performance.

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As of today, Thursday, January 19, 2017, the return from my trading performance since January 1 stands at +109.0 accumulated profit points vs the benchmark SPY’s performance of +20.6 points over the same period. On Wednesday my performance was higher +1.2 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 Wednesday, the SPY was up +0.5. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +4.3 points.

Today’s a new day and I am prepared for the market open with 9 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 9 strategies selected today 4 are Long, bullish in outlook. 5 are Short, bearish in outlook. Ready for anything. The Pushing Through Resistance strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Test Win% Strategy L/S
1 59.5 Bon Shorty Short
2 59.7 Cuts Like a Knife Short
3 62.5 Downward Momentum Short
4 61 Got Dough Wants To Go Long
5 59.6 Nickelback Long
6 69.4 Pushing Through Resistance Long
7 63.4 Slippery Slope Short
8 40.6 Wait for the 8 Short
9 50.6 Wake Up Call Long

Have a great morning. See you in the markets!

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. You can also follow me on social media at @TradeIdeas.

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence