Closed long ES today @ 1108.25, gain of +17.25 points.
30 minute V Stoch is approaching buy territory with Buy/Sell Vindicator still solidly bullish. If that V Stoch bottoms out below a reading of 25 AND the SPX is still in the up channel from 6/8 it will be a decent place to try another long entry. The Sell line is bottoming out again which is a contradictory signal. However, in the first part of the rally last winter from early February to mid-March the Sell line went to the bottom of the chart and just stayed there, while during the same period long entries based on the 30 minute V Stoch bottoming worked quite well. So if this is a similar period the Sell line signal should be ignored. That was part of the thinking with the long ES entered Monday and closed today, and that trade worked out well.
Mechanical systems are the best. Bravo Vindicator.
ReplyDeleteAl, I tried to look at the Vindicator feed at HOB today but now it requires a password to look at it. Has something changed? I'm a fan of your site but not HOB. I tried a 2 week subscription with them and it didn't do it for me, and whenever I pop up the HOB web page at the office showing those sexy babes on the screen, I get in trouble with my co-workers who think I am looking at porn - I'm serious. I have no problems donating to your blog if you go that route in the future.
Tony - something's wrong with the HOB end of the deal, I didn't pick up on it until late in the afternoon, will try to rectify it tomorrow. At some point I may charge for the feed but not at this time.
ReplyDeleteFinally got Vindicator webcast issues resolved, there was a change in the way info was being passed between my site and HOB. To access Vindicator, you must clear "cache" and "cookies" AND link to HOB if it's bookmarked. New link to HOB MUST have "WWW" in web address. Let me know if that works for you.
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