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Compass (ES) Trading System
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Call 800.669.8838/312.987.0043 or Email us» . |
Developer: Jack Telford |
Market Sector: | Stock Indexes |
Markets Traded: | |
System Type: | Day Trading |
Risk per Trade: | 4-6 points |
Trading Rules: | Not Disclosed |
Suggested Capital: | $5,000 |
System Cost: | $19.00 Monthly Subscription |
Results Available?: | Yes View Performance» |
System Description: | Compass is another S&P day trading system that tries to identify a trend in the morning market action. Once the system has identified a trend it looks to enter the market on a pullback in that trend usually around midday. The system is not reliant on technical indicators, but instead looks for a basic trend while using Advancing/ Declining Issues and Up/Down volume numbers to determine the overall strength or weakness of the internals of the market. Compass also has the ability to determine when the trend is extremely weak or extremely strong and that the market will have a more shallow pullback. Compass will usually enter the market with limit orders, but if it determines that the market might not meet the limit it can just go to the market. The system utilizes this method to capture market conditions where the price continues in the same direction the entire day without a significant pullback. Once in the market the system will place a stop loss order behind its position - usually between 4-6 points. If the market moves in our favour, it will run the position until 3:10pm at which time it exits at the market. Compass will not usually give a signal to trade before 11:30am and will cancel any existing working orders at 2:30pm. Although based off of the big S&P it is possible to trade this system with the E-mini's - which is a great benefit to position sizing according to how well your account balance may fluctuate. |
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