Monday 3 November 2008

Waiting for the US Election

Low volume, low range and inside bar today. The market is no doubt waiting for the outcome of the US election to make a strong directional move. But which way?

My swing trading oscillators are over-bought and the Better TRIN Oscillator has turned down. The Hilbert Sine Wave on the 135 minute chart (my primary swing trading time frame) has also turned down. In addition, volume is low indicating No Demand. However, the Emini is yet to follow.

Tuesday will probably be quiet too but we might get a better idea of which way the Emini will break.

The Better TRIN System closed out a nice 135 point trade at the close today. The System entered Long 5 days ago at 835, the lowest close of the last cycle. The Better TRIN Oscillator has now turned down and is the signal to take profits.

TRIN System Winning Trade Image

TRIN System Winning Trade (Emini daily)

If you own the Better TRIN System and want to copy these trades, make sure you have all the patterns (TypeA to TypeE) set to True; DoubleUp set to True; and "Allow multiple entry orders in the same direction" ticked.

You can learn more about the TRIN Indicator and systems here. Good luck with your Emini trading.