Hanging tough and taking the pain on my long position.
But if 1411 on S&P futures breaks, I'm flipping to short.
Watching this chart like a hawk.
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NOTES
- RipplesInTime
- United States
- When you are in a trade, there are two possibilities for targets: price and time. Of the two, I think time is the harder to predict, but fascinates me nonetheless. These dates should be points where the market either turns or enters/exits consolidation. For my scoring system, I'm giving it +/- one day. If I have a prediction date and a peak occurs the day before, the day of, or the day after, I count it as a YES. Anything else is a NO. It will take months to collect enough data to prove/disprove this system (I figure at least 10 historical data points and the more the better). No system is 100% accurate. I'm hoping for something like 2 out of 3 turns to be predicted accurately. HOW TO USE: When you are in a trade, you might consider exiting or tightening stops around these dates. If you not in a trade, you might consider getting in around these dates.
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