It is terrible to trade atm, maybe depends a bit on personality. Too slow. Hard to build algos for too. Usually longs are pretty reliable but XJO my best algo trade is a short (3gp up 1min TF on the open mean revert using 1000SMA filter) Good for 40pts but doesn't come around often enough. I think one of Bensh's fave morning trades too.
Most of my hand trading is done on Ftse also, always good swings that wind down into scalping ranges. It is like a BetaShares ETF 2.5X leverage on the XJO. If it's grinder trending pretty reliable to read after the initial move but usually has a mood change 10:30QLD. Plus the kids are asleep..bonus flow state. Just a bit of Ferris Buelers Mellow Yellow and good to go.
HK if I'm on duty in the day, that gives 50pt scalps in USD!..and 300 if you can hang onto the horse [*risk management paramount 100pt TS, signal 4x higher close than the low, w/900+ vol, 9/21ema up, 1000SMA up (2hrs), above major supprt. Buy the pullback]
XJO is aptly named the DOG here. Not to say it can't be reliable for income it just takes soo friggin long to produce (been trading it with algos for 6months and can't even get a proper sample size ffs). Largely these type of unbreakable trends like it was in 2021 can make a short termer write off good trades out of boredom. Long or short doesn't matter.
NDQ awesome too but the machine does that one, too late for me.
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