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| Market Rallies to Hit
Resistance |
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Like clockwork, the OEX rallied above the 695 level
following the last long signal. This push higher took
the RSI indicator above 70 signaling a short-term
overbought condition. The idea is very simple. You
wait for an overbought signal and position yourself
accordingly. The only way you can get hurt is for
the market to be extremely bullish and continue trending
higher. We know that the market only trends higher
perhaps 15% of the time so the odds of success would
be in our favor. Notice the OEX fell over 20 points
in 4 days.
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| Free
Trial of OEX Day Trading System
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You won't believe how SIMPLE this strategy is to
trade. Test it for FREE -- You Won't be disappointed.
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| Day
Trading System for Russell e-Mini Futures |
| NUTUS is an electronic driven trading system for Russell
eMini futures. Trades are 100% objective. The logic
of NUTUS is based on pattern recognition; specifically
identifying an expansion of the most recent trading
range. This method is ideal when matched with a fast
moving market such as the Russell Index. The goal is
not simply to capture profits but to also reduce exposure
to risk. The system sees success by incorporating price
adjustments, which once made, after favorable moves,
eliminates risk. The system uses mathematics in determining
probabilities and only trades when a high level of confidence
is achieved. There are no overnight holds and most signals
last less than 30-minutes. NUTUS produces, on average,
12 signals per month. |
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| OEX Index is Trending
Well |
| Its a good idea not to enter new positions on the
same day an alert is given. Alerts occur while the OEX
is trending and these trends tend to extend through
the close. Therefore, it is best to wait until the next
day to take action. This pullback was not as severe
as many we've seen in recent months. However, we still
see that the OEX pulled back over the follow days. The
size of the pullback is not important because it is
out of our hands. What is important is managing the
trade and realizing when the move is complete. |
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| OEX Put Signal |
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Notice that the OEX is trending heavily for many
weeks, gaining over 50 points since bottoming. This
day trading system works regardless of the overall
market's strength or weakness. It works by identifying
low risk situations to consider the addition of call
or put options. Notice that the OEX signaled a top
and the index fell over 5 points from that level.
You don't have to trade every day to be succesful.
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Trading Systems
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