Thursday, March 30, 2006

Buy/Sell signals from my system this year on SPX

I have had eight buy/sell signals from my system this year, which i have been posting on this blog. These buy/sell signals are generated at the end of the trading day. So far no failures. Failure happens if the price takes out the prior swing low on the daily charts after the signal is generated. So far among all the signals generated this year, in none of the instances has the price taken out even the prior day's low, after the momentum buy/sell was generated. This year has been atypical in that too many signals have been generated, given the narrow range we have been bouncing around in.

The following are signals this year and the maximum points that each signal would have potentially generated, which is shown in the parenthesis. Note that the maximum points does not necessarily mean that a trade would have made that many points. The number points a trade would have made is entirely dependent on the trade management, such as how many times one enters and exits within the context of a signal, how one trails the stops etc. So the number points made can be either less or more than the maximum potentail shown below, based on how one manages his/her trade.

Jan 13 - Sell ( 28 points )
Jan 26 - Buy ( 14 points )
Feb 2 - Sell ( 17 points )
Feb 14 - Buy ( 22 points )
March 2 - Sell ( 21 points )
March 14 - Buy ( 13 points )
March 22 - Sell ( 13 points )
March 29 - Buy (In progress...)

Avg 18 points per signal

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