The signals worked perfectly in the Globex session. I took the first long for 2 pts. I didn’t take the short since my bias was bullish and I was done before the second long came. I’ve found that the signals have worked great in the Globex session lately.
My bias going into Friday’s open was bullish. I was looking to buy support levels. The market did an open drive down and there was a good short that set up on a pullback to resistance but it happened right at the PMI release. The market came down to pre-market support but I didn’t get any signals so I was patient. I wanted to buy there but I waited for the signal. The signal came but it was a weak one (strength 1) and then price dropped quickly into the initial support zone. The setup wasn’t perfect. We had an OD down and the advance/decline line was looking bearish. But I was counting on buyers being active there for at least a bounce. So I got long 1/2 size since all my criteria weren’t met.
I was going for 3 pts because that put me at resistance and I thought we could make a double distribution day, especially if we retested the low. Price stalled at the broken pre-market support (broken support = resistance) and I took +2. It pulled back and then continued higher and my long entry ended up being at the low of the day.
I wish I could have captured more of this move but I played it according to my plan. Had I had more criteria, I could have entered 2. But this was a fade trade and that meant I couldn’t overstay my welcome.
With a bit more consistency I will increase my size from 2 to 3 or 4 and be able to capture more of these moves.
Overall, just one long signal and it was pretty timely right before the low.