ok - a recap.
i'm still trying to learn my new system. while it provides me with guidance on timing direction, i still haven't figured out price.
i thought the greatest gravitational pull to a high on the spx would happen in pre-session and that high would hit about our mid/late afternoon. that i got right.
there was another potential high point about half way through the u.s. trading session. while it wasn't a rechallenge of the high that i thought, it did actually prove to be a consolidation point before the next fall - so still tradeable.
my trades - i entered short on the spx when i got home from work at 1366.5. i added to my short when i returned from dinner out late last night at 1348.5 and closed out this morning just before the end of session at 1333.
while my system isn't perfect (or maybe i haven't perfected it), it seems to provide guidance on direction and when to take a position.....and yes, i need to spend more time studying this approach if i decide to continue with it.
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