The market is always right

It was a weak BUY day.

Leo was buying with "expectations" without a valid signal from my system.

Our system suggested a decline to 11026, and the BUY number is 10989.

If momentum was strong enough, the system would give a signal at higher prices .

Momentum was weak & should have waited until the bearish pressure is exhausted.

Long 11030 (still open).

The system gave a Short signal at 11040, that was the only valid signal for today.

If it doesn't rally in the early session tomorrow, it has to be closed. 11040 resistance is the key again.

Repeat " expectations are not trading signals".

Just to recap the system trading:

• No guessing tops and bottoms
• No predicting the targets
• No signal, no trade
• Failed signal, immediate exit
• Protect the capital in a working trade
• Take what the system delivers, be it the profits or the loss
• Catching a trend is easy, riding the trend is difficult as it takes calm mind not to take easy profits

The system will deliver consistent profits, there is no limit to the amount of returns. However, risk must be defined and limited.