I’ll be honest – it always scares me a little to write headlines like this. They create a lot of opportunity to look like an idiot. Still, a “system/method” that I developed several years ago is poised to give a short-term buy signal or eMini futures (or SPY or DIA for ETF traders).
Two things to note:
*This article details this method in great detail so I’ll not be rehashing it here
*The most intriguing factor is that since 2004 this method has generated 44 winning trades and 0 losses.
*The 43rd and 44th winners are not included in the linked article. The 43rd bought the March 2015 eMini S&P on 12/18/14 at 2011.5 and sold it at the close that day 2060.25. The 44th bought the December 2015 eMini S&P at 2092.25 on 12/1/15 and sold it at the close that day at 2100.00.
*Despite the “undeafeted” record this should BY NO MEANS be considered a “low risk” trading method. There is a very wide stop-loss built in and in essence each trade signaled amounts to a “fairly large risk for as little as a one-tick reward” trade.
In other words, examine the idea closely and understand the risks before even thinking about “jumping in.” Eventually – inevitably – this method will suffer a loss and it will hurt.
And I can’t tell you that it won’t be on the next trade.