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Douglas Trading System


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#1 Douglas

Douglas

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Posted 18 April 2017 - 01:34 AM

The long weekend was relatively uneventful, so hedgers as predicted scrambled to cover giving the indexes a nice bounce. This satisfied the buy criteria of the system so it is now the proud owner of RYDHX at yesterday's close. The stop remains DJIA 20453 at 3pm. The current turn risk cloud doesn't fizzle out until end of day on Wednesday the 19th, so the risk of a whipsaw back out can't be ruled out.

The next risk window is the front half of next week with a total of five risk turns bunched up there. Hopefully the saber rattlers will behave themselves long enough for this current trade to get profitable before they stir up any more trouble and stop the system out.

Regards,
Douglas