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    Set up by the mini Russell provides engagement today.

    February 18, 2020

February 18, 2020

Set up by the mini Russell provides engagement today.

Engage FastEddie ( named after the character in the movie “Hustler.”) on the mini Russell futures

The Russell futures chart on the right provides a clear set up that is zero to low risk – because a move above the most recent high to close there would put FasstEddie off signal and back on “off status.” Plus, since the strategy is “trend” following” or breakout following, it will take a moving train lower to get us on. Not the picking a high to enter – like buying a dip in reverse- leaving the position open to being stopped.

I have a more significant – 25 year – picture of the equity chart on the left, which I will post in the LI group today for comments. However, given the “Great Bull Market” of the last three years, look at the equity curve from trade 800, which is 2015. One can see how well the “short only strategy” has done in the face of the bull but more of that in the Group.

The background is near ideal for the Rusell to begin a rapid decline into March. The long and intermediate-term volatility background is fearless TE#2, supporting a break or trend following a move that will get carried over. The daily bar shows last Friday being a failure to hold its breakout on the regular bar and a close below “new support.”  Such negligence is a sell signal, and its background supports an expansion of the high to low range.

With the open today Feb 18, Fast Eddie will be engaged for the RTY, a close above 1696 would suggest to status-off the strategy.

The Crude oil Scalper remains engaged with only one trade that caused a loss of $775 per contract on the 13th. The middle chart reveals the Globex market breaking below day trader’s support after the market last Thursday hit S-t resistance – highlighted in red on the daily bar.  Plus the TE#4 supports a period of range days and our bias is a downtrend.

NOTE:  if you have other systems from me or anyone else and think it’s going into a period of optimal trading and would like to get across reference with me, never hesitate to ASK.

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