Friday's close @ 16200 has now altered the Count @ 4/X
This now reverts to 1/X.
The reason why is I trail the FIB Counts @ 3/5/8/13/21.
1/X closed @ 186, this was "3" prior closes in the Count.
When this occurs, the Hourly Count remains with the
ST Algo attachment.
_________________________________________________
Could it be a simple overthrow?
Probability is will extend into a New 1/X count of 3 at
Minimum.
This required me to reduce my SELL position from
NQ @ 82.1% to 4.78% Sell Position After Hours.
NQ was our Largest SELL Position @ 22.5% of Capital
allocated to Tech Sell.
It is a Rule, a firm rule when this occurs, regardless of
Position Net. Risk is reduced to less than 5%.
Losses were incurred, part of the process. Limiting
Risk and being disobedient to my System was pure
Gut - it can cut both ways and did for NQ.
_________________________________________________
As December Expiry approaches spreads begin to reach Parity
which provides a more consistent hedge during RTH, during
Globex the Algos widen the speeds to make them far less
useful.
_________________________________________________
This now reverts to 1/X.
The reason why is I trail the FIB Counts @ 3/5/8/13/21.
1/X closed @ 186, this was "3" prior closes in the Count.
When this occurs, the Hourly Count remains with the
ST Algo attachment.
_________________________________________________
Could it be a simple overthrow?
Probability is will extend into a New 1/X count of 3 at
Minimum.
This required me to reduce my SELL position from
NQ @ 82.1% to 4.78% Sell Position After Hours.
NQ was our Largest SELL Position @ 22.5% of Capital
allocated to Tech Sell.
It is a Rule, a firm rule when this occurs, regardless of
Position Net. Risk is reduced to less than 5%.
Losses were incurred, part of the process. Limiting
Risk and being disobedient to my System was pure
Gut - it can cut both ways and did for NQ.
_________________________________________________
As December Expiry approaches spreads begin to reach Parity
which provides a more consistent hedge during RTH, during
Globex the Algos widen the speeds to make them far less
useful.
_________________________________________________