Month: August 2014

ym futures statistical odds, buy the dip

ymstatsymtradesStats ended up slightly wrong today, but I still managed to make money. 61% day trading odds of closing above the open, I got long on a small dip and exited on a huge spike. Notice I have a pattern of missing large run ups due to my VSA exiting criteria. Half of the time it will protect me from losses as well.

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es futuers day trading odds, buying the dip

esstatesestrades

 

Es futures stats were bullish. My goal was to buy the dip. Since the day before closed on the lows, I figured if the market will rally, it will do so fairly early (bull market behavior!). I entered on the first small spike down and exited on some spike action on the way up. I missed out on a huge run up, this is a problem I am trying to address on both a psychological as well as systematic space.

YM buy the dip statistical odds trade

ymstats ymtrade

 

Statistical odds for the YM futures were bullish with 60% chance of closing green. I waited for the market to drop a bit according to my intraday VSA rules and got long. I exited when I saw a large range spike, thinking the market would come back a little before moving forward. That was pretty dumb of me, but at least it’s a profit.