I entered a position at the close today, not of course per your methods but I like the odds that we move up towards 1320.
I am not convinced that the current correction has run its full course though. My instincts tell me, post expiration, we will see one more trip this way but I would love to be wrong.
northam I've tried to stay out of the discussion going on around your system, in my opinion everyone has to choose the money management rules that suit them. I do worry however that in a swift downturn you could have to hold a very lengthy period to get back to even.
That said, I like your system and I have adapted it to what I'm comfortable with money management wise and that's how it should be IMO.
I think we get a 60 min Phase II tomorrow and I have bet on it.
We'll see how it works.
I might add you are showing great patience with this discussion of your methods.