Going forward, i will share the signals from my Momentum/Trend trading system. The signals from my system never comes at the exact tops or bottoms for a simple reason, because tops or bottoms can never be identified in real-time and are known only in hindsight. When a market is at or near the top, for instance, the moving averages are pointed upward and the momentum is up (although the the rate of change of momentum is slowing down i.e a divergence). As long as the momentum breaks and the moving averages turn around, the market is essentially in a uptrend. If someone catches a top, it's just luck. There's a price to be paid for top and bottom picking. Tops and bottoms can be picked with multiple probes with tight stops and stop outs. The multiple stopout losses can add up and at the same time, one would also lose the opportunity of participating in the uptrend. My hourly trading system is designed to give a sell or buy signals about 5-10 points from the top or bottom and the signals could be valid for anywhere between 1-5 days and sometimes even more. I will try to post the chart with buy/sell signals from my system everyday on ES (E-mini S&P 500) and Gold, with stop loss levels. Today morning i got a sell on ES at 1263 and so far remains on a sell. I will not try to preempt my system by attempting to closeout my positions before the signal reverses. If the market makes an extreme move, i may opt to take partial profits. So it's essentially swing trend trading, but exiting and reversing when the trend changes.
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