Jay Kaeppel | Jul 30, 2015 11:08AM ET
As I wrote about here, there is a simple 3-day pattern that I like a lot. I like a lot again the last several days.
In nutshell:
If the high for Day 3 DOES NOT take out the high for Day 2 then the pattern is invalidated.
Figure 1 displays all of the Day 3’s on which there would have been an entry signal in the eMini S&P 500 futures contract.
Last two signals:
#1
ES closes on 7/28 at 2087.25
(2087.25 – 2071.25) * 50 = +$812.50 per contract
#2
(2101.50 – 2089.25) * 50 = +$625 per contract
Summary
Like every other trading method I know of, it sure is great.
Especially when it works…..
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