Donut Shop

[xe2dy]

NAV's technique

Last 3 swing signals posted here based on my pure price system have all been big winners

Sell signal - Sep 1

http://www.traders-talk.com/mb2/index.php?...=133886&hl=


Sell Signal - Sep 8
http://www.traders-talk.com/mb2/index.php?...=134059&hl=


Buy signal - Sep 13
http://www.traders-talk.com/mb2/index.php?...=134199&hl=

First two sell signals were good for 80 and 60 SPX points respectively. When i say "good for", i am not necessarily implying traders' profits. I am just stating the no of points the signal achieved from initiation to the peak of the move. How many points a trader pulls out of a move is entirely up to the skill level of the trader and his profit taking methods. The current signal is about 33 points in-the-money and still going strong. The hourly trend is still up and no need to overanalyze here. If one is anxious about an out-of-blue reversal, that's what partial profit taking is for. I will post an update again, whenever the swing turns.


Good trading !

P.S - It's a bit misleading to call these hourly turns, as i actually look at the 30-min candles. So going forward i will just call them swing signals and not hourly signals.