- some of the major indices have finally broken out (to the upside) of the recent ranges: NQ and EMD...
- though some are still banging their heads at resistance: ES and TF...
- i believe ES and TF will follow the NQ and the EMD to the upside...
- this run could last until the first few days of january...
- my 'XMany' model gave a long entry signal last night for the NDX...this model is based on the seasonal bullish tendency surrounding the christmas and new year holidays...
- rob hanna over at quantifiable edges, posted a study based on bullish behavior surrounding the xmas holiday....
- based on my 'XMany' signal, yesterday i went long the NQ at 1826.25...there is a money management stop (currently around 1773.00) and a trailing stop (much lower)...if neither of these stops are hit, the position is due to be exited on the close of tuesday january 5, 2010...
- here is the equity curve (each trade is made with a theoretical $100,000 worth of capital):
'XMany' Model Performance Stats
- Model Tracking Vehicle=NDX
- Start Date=11/1/1985
- Profit Factor=5.74
- Number of Trades=24
- Win Rate=71%
- Average Trade Return=2.70%
- Average Winning Trade Return=4.62%
- Average Losing Trade Return=-1.95%
- Ratio of Average Win/Average Loss (RAWAL)=2.37
Disclosure: The performance results shown above are for Model analysis purposes and do not include commission or slippage. The model is built on data from the NDX, but I trade the model with the NQ e-mini. Actual trading results from the NQ usually differ from the model results of the NDX, with the NQ showing slightly weaker performance data.
Disclosure: Long NQH10.
***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk ***
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