Is it ... is it finally working? 🙏A perfect trading signal again today. This time a "Sell" signal at the beginning of trading. I went "Short" on the DOW when the indicator read 100% in the RED. Just closed my position of 50 CFD contracts with a profit of £1,059.30. I think I closed a bit too early though as I think the DOW has further to fall today. Better to make any kind of profit though.
View attachment 301630View attachment 301631
Finally "postman" my "BATSONAR" trading system seems to be working great so far. Have I found the "Holy Grail" indicator? I am not sure but it is possible. It only seems to work best on a 5 minute bar chart for some reason. The indicator is based on Selling and Buying volume and is a Money Flow indicator with a difference. As regards the FOMC day tomorrow, I don't know, will just have to read the charts on the day.Is it ... is it finally working? 🙏
What's the Bat Signal saying for tomorrow FOMC day?
.Day trading the 16th June 2021. The first "yellow" arrow shows a "Sell" signal from yesterday that carried through today. Not much of a move to the downside but you would have made a profit. The second "yellow" arrow shows a "Buy" signal but the buying on the DOW didn't follow through so this signal failed. The third "yellow arrow was a "Sell" signal and was perfect and the DOW fell over 300 points.
View attachment 301719