The two live strategies, Nexum and Volturon, saw little activity. Volturon took one winning trade and Nexum didn't trade at all. We're curious to know if this was an anomaly or if any of you experienced the same thing. Please share your experiences!
You can see my profit over $300 today. When price hit the low of the day & 3rd standard deviation white line I went long & price went over over 120 points which is a usual reaction when price hits low of day & 3rd Dev Level. As long as is not news driven with abnormal volume.
Here is my input on this losing trade & why. On my chart you see a Red Line, Green Line & White line. They are 1st Standard Deviation Red, 2nd Stand Dev Green & 3rd Standard Dev white. Based on years of watching NQ price action when price enters between 2nd Green & 3rd White Standard Deviation it tends to get rejected or at least pull back somewhere between 10 to 30 points then continue in the direction it was going which it did today. Many times when price enters between Green & White Line it rejects & becomes a full reversal to the down side. Today the tread it strong up so the pull backs are continuing up.
Yes. that is a possible idea to help taking a trade while in that zone. They will have to look at the win rate of longs between 2nd Green & 3rd White Standard Dev & Short between Green & white lines. Today it was 1 win & 1 loss. 50% win rate. Win need at least a 60% to 70% win rate to continue to take those trades. I'll keep an eye on that over the next 30 days.
You will notice price get rejected in that zone. Eventually we will get a huge pull back or total reversal. Trend is strong today so prob just some big pull backs. For me longs are too risky in that zone until we get pull backs out of that zone & levels below are holding.