Paint Bars system for DJ30

Buy = when there is a green bar, Sell out when there is a normal Black bar.

Shortsale = when there is a red bar, Buy to cover when there is a normal black bar.

PR_LE and PR_SE are signals from the second system which are also easy to use. Buy on blue arrow and SELL on red arrow. They appear in real time.

See the following chart :


Friday 7th July 2006 system trades

• Short 11160, max run up +20 pts but settled for break even.
• Long 11160, Short exit at 11146. ( Loss -14 pts )
• Short 11146, max run up + 80 pts, but out with Long entry at 11082 for 64pts profit.

Friday TOTAL GAINS = 50 pts.

Avoid small moves

Trading YMU06 system signals for Thursday :
11243 Long11268
Short ( +25 pts)
11288 Long ( -20 pts )
11308 Short ( +20 pts )
11298 Long ( + 10 pts )
11290 Short ( - 8 pts )
11284 Long ( + 6 pts )
11268 Short ( -16 pts )
111290 Long ( -22 pts )

TOTAL -5 pts LOSS.

Summary

The early upside push was exhausted at 5pm. The momentum break out signals thereafter were not reliable. So, I traded selectively and my P/L was +19 pts.

I did not take the short trade from 11308 but it was a runner. Max run up for +30 points.

Had I trade with SuperTrend

Long 11243, Exit 11282. ( + 39 points, Max run up 11320 = + 80 pts,)

Long 11298 Short 11290 ( - 8 pts )

Dow fell on Monday

Yesterday's system signals for YMU06 futures -

Monday closing Short 11280

Buy to cover and went Long 11202. ( + 78 pts )

Short 11197 ( - 5 pts )

Long 11210 ( - 17 pts )

Exit Long 11220 ( + 10 pts )

Short 11216 - BreakEven Exit on close.

Total 66 points gain.