Short time and statistically based trading

RSP closed 1.35% high today, the high failed to penetrate my 102.60 target so I’ll be keeping the position tomorrow,

QQEW made a clean break today, my target is 81.28, 1.74% from today’s close, I’ll be buying QQQ at the open. The up trending 3 points line is support.

Systematic trading

I have a buy order at the open for RSP coinciding with a slight pullback from the 21 day lower channel.

My target is at 102.60, that’s a 2.19 profit from today’s close, of course if reversed I’ll be out the following day.

Price driven trading

I’ve made two trades, with an overall negative result with my systematic trading strategy, we’ll make it up in the long term hopefully.

I see a stronger tendency in the Nasdaq 100, if the equal weight ETF close tomorrow above last Friday’s high we may have a new trigger.

There is a well-defined 3 point up trending line that should hold if the trend is set to continue.

Now it’s the thing, markets tend to move in tandem, however for the same period the RSP has a different trajectory suggesting a down trend.

Or it can be a long 60% consolidation for the equal weight SPX, look here, the up trending channel ran for 16 days, the consolidation, if it is that, is 14 days long. Consolidation moves should not be longer than the directional move, this week should define the direction.

Probability and systematic trading

My IWM trade went the other way, sell at the open tomorrow no questions asked

I got out of QQQ with a 1.5% profit

Statistically based trading

My 250.83 QQQ target is reached, I’ll be selling at the open tomorrow

I have a buy signal on IWM with a 2.61% potential profit at today’s close. Buy at the open

Statistically based trading

Statistically based trading, QQQ appearing to break and reach my target. Either it will do that or reverse, if reversed I’ll be out waiting for the next opportunity. 

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