Imagine... being bearish, and buying long! and the reverse, being bullish and selling short! can it be done? you bet
some of the best short-term sharp one or two days declines come in a bull market and generate almost obscenely easy profits, they just don't last very long and it explodes up because bears all cover short and the bulls hop aboard these become very explosive rallies.
the only problem is identifying when they are present. Monday or Tuesday and now I noticed at times Thursday and Friday can meet this criteria of when the opening price of ES is lower then the previous day's low. if so, and IF price should rally back up to that low of the day before, buy. this guy Joe Krutsinger CTA tweaked this developed triggers and coined it 'SUPER OOPS'
TOTAL trades 82 with 72 winners a 87% 10 losing trades.
MAX consecutive winners 9 with an average bars in winners 1
MAX consecutive losers 0 avg bars in losers 3
account size 3k return on account 2086% net gain 62600 gross gains 89250 gross loss 26650
biggest winning trade 7775 avg 1239 ratio avg win/avg loss 0.47
largest losing trade 3325 avg losing trade 2665 avg trade win&loss 763
