Well, the world is still waiting for some clue as to what is happening here.
For us it doesn't matter. We trade when Inteligex tells us to trade. And not when it doesn't. That's the thing about the Inteligex Trading System.
Now in its 3rd iteration (for the first time available on Ninjatrader 8 and MT5!) the trading system is now simpler to use. It is built on our phenomenally robust
BOMBE
statistical engine to
generate trade entries, combined with our
CRIB (tm) technology to accurately predict trade targets and
provide trade stops.
Its simple to use. Look at the daily NQ chart above.
This winning trade is currently worth 8oo banked points so far or put it another way .. $20 x 800 = $16,000.
How simple is this trade? Simple. Very simple.
Candle 1
The bombe gives us a buy signal. (That's the close above the dotted minor support line - see above).
We buy at the close of this candle @ 11220
Our target (initial) is the blue dot above candle 1 = 11600
Candle 2
The market continues to rise and hits our target. Remember this is a daily trade so we don't take any decisions about the trade until the end of the day. We close above our target, and the
CRIB
generates a new target and stop. Notice how the
median line (the centre line of the chart) has also turned green.
This double confirm means we remain in "long" mode, so we remain long.
Our revised target is now 12400 ( the circled do above candle 2)
And that's it - presto! This takes
no more than 15 minutes per day if you want to be an
end of day trader, and if
you want to be a day trader it becomes
second nature after a few days watching the live Inteligex Emerald release charts.
FOOTNOTE:
We will keep you informed but right now the NQ is at 12055. Another 55 points ahead, with 30 of those banked with our trailing stop.