After doing a very informal
study of whether it's better to enter near close on the day of
a signal, my personal feeling is it's safer and
usually more profitable to wait
and enter the next day. Again, this may mean missing a good trade
sometimes too, but... conservation of
capital is paramount.
SO FROM NOW ON, I'll usually post an hour or two after the close.
Statistic-based Trading of NFP
(nonfarm payrolls report)
The non-farm payrolls report usually
comes out the first Friday of each month. That day is heavily traded by
serious traders and often makes the biggest move of the month. The
$50 Trade gives you a
statistical edge. Pages and pages of charts to illustrate relevant
stats. Options-focused, but can be used directly on SPY, FAS, FAZ, SDS,
SSO, XSP, and other realted ETFs. Get your copy now.
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Wednesday after close...
Okay, I have now installed the turquoise Warn line,
described below. Yesterday I said Green
was
"reliable", but that was only in the context of it having expunged bad
data from last Thursday. Although I showed you below the new
Warn line (and you should have looked at it), I feel I should apologize
for not having looked at it myself. My apologies. The Warn in
yesterday's chart conflicted with Green; it rotated clockwise but Green
rotated counterclockwise, meaning DO NOT TRUST. So Green gave a bear
signal for today (false) and Warn gave a bull signal (true).
Today we have them both rotating in the same direction, clockwise. So
sometime Thursday look for a price to occur above today's close, and
trade accordingly. Also, Warn today "starting" a bullish cross of its
own moneymaker.
PLEASE READ THE WARN DESCRIPTION below
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