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Douglas Trading System


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#1 Douglas

Douglas

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Posted 15 October 2017 - 10:13 AM

It appears that the best bets for risk windows for a turn this coming week are Tuesday the 17th and Thursday the 19th. 

 

Last Wednesday the 11th's system sell setup was not accompanied by sufficient downside action to trigger a sell signal, so the system remains long RYDHX. 

 

Don't forget that this coming Thursday October the 19th is the annual "take a badly burned broke bear to lunch day" to commemorate their last big hurrah in '87, but don't get too cocky over cocktails.  They just might still get the last laugh.

 

Regards,

Douglas



#2 Douglas

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Posted 16 October 2017 - 05:19 AM

Last week's risk window on Wednesday the 11th was a dud only catching a brief next day stall in prices.  The jury is still out on last week's Friday the 13th risk window call, but if current futures prices hold, it too will likely fall into the dud bin.  Both of last week's risk windows appear to have occurred in a pattern which started on October 5th that is either a rising wedge (bearish exhaustion) or a catapult (bullish consolidation) depending on which way it breaks this week.  The failure of last week's strong risk window signals does not bode well for this week's weaker risk window signals.  It's looking increasingly like the "October in a year ending in 7 curse" may have finally been exorcised by the FED's high priestess of money printing. 

 

Regards,

Douglas