Vector summary for Thursday July 20.
Yesterday’s signals:
A great example of how Vector applied to Dow futures can work well for both scalpers and swing-traders.
Just like life; nothing is perfect and the 1st signal failed when applying good risk control and my preferred stop of -30. But had you used a -35 point stop on the first position and held to near close you could have been tempted to close for +80. Or if you held to this morning with breakeven stop you’d be sitting with an open position and thus far +142 (as I note futures hit 10900), with the market weak and YMs on track to search for 10840 then 10740 price supports for potential +300 points (+$1500 per contract) should it find that lowest support. And what would it have cost you? 25 bucks for the signals from me obviously….plus whatever low trade commission you’re currently enjoying….plus a little self-discipline and patience.
And had you worked the signals like I do, you’d have paid commission on 4 trades, you’d have applied great risk control to your trades, you’d have kept on the right side of the market, and you’d be smiling with great profit now; and glancing at futures, the price has fallen to 10900, or +142 points (+$710 per contract). Would you pay 25 bucks for signals that would hand you that kind of profit? It’s a no-brainer if you ask me. Like I’ve said many times before: If there’s a trend, Vector will find it. Swing-trading the signals in a disciplined manner will make you money. Yes, there are stop outs. All systems weather them. It’s a given in business, just like a business expense. Just pay the bill and get on with the primary task.
In my case yesterday, I took the -30 pain and two breakeven stops before Vector’s 4th signal handed me a perfect entry at 11042 and I’m holding short as I type, targeting +282 at this stage. I may add when Vector signals (none thus far today) and much will depend on price action intraday.
Note that the other 5 signals on the chart worked a charm for scalps of at least +20. Keeping a fixed -30 stop on Signal 3 and 4 worked wonderfully for swing positions, both would still be open and looking at futures price now, +140.
Skeptics please note that I’m sharing the failed signal from yesterday morning, content in the knowledge that Vector more than makes up for the times that it fails. That first failed signal didn’t fail by much; getting tagged out for -30, my preferred stop. People with more risk tolerance would have worked less, taking the 1st signal and needing only 1 trade to slip into a great money-making swing trade now +142. I needed 4 trades to do it. But that’s me…30 points risk fits my style and tolerance. How can Vector fit your trading? Only one way to find out! It’s like most thing in life; the good things are worth paying for.
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