We survived another Fed day. The index markets continue their squirrelly action, although we maybe shouldn't be crying too hard. They are largely following their expected uptrend surrounding the monthly rollover. Besides, if volatility starts increasing as recent activity suggests, we may find less tentative, more durable trades on the horizon.
But again, it is not the system player's job to predict.
The Biases
Reverse the mini Nasdaq short to the long side. Reverse the mini Russell long to the short side. Hold the mini S&P long.
The bottom two rows determine the signal. Dynamic Day One trumps everythingâ€"you always follow it. When it's neutral, the Monthly Perpetual provides the direction.
DISCLAIMER: It should not be assumed that the methods, techniques, or indicators presented on in this column will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on this column are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The author, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Art Collins is the author of Market Beaters, a collection of interviews with renowned mechanical traders. He is currently working on a second volume. E-mail Art at artcollins@ameritech.net.