Yesterday was my first day back at the gym and managed to snap right back into my full routine in stark contrast of me barely being able to walk upright just last Sunday. As the saying goes: No Pain – No Gain, or in Yuletide terms: No Lift No Gift! Which pretty much has been my motto for most of this year as I’ve been working my ass off 10 hours plus seven days a week on the quant system front, all of which is slowly starting to pay off now. More on that to follow over the coming weeks after alpha testing has completed.
Equity futures pulled an NFL yesterday judging by the complete lack of participation throughout the big roll over day into the 2018 March contract. Fairly unusual at least in my (not so) humble opinion, and it seemed as if everyone rolled (or perhaps not) and then simply walked away.
The equity market in particular has become extremely good at luring and then trapping people into highly volatile reversals. Which especially is true for those rare moments when we may be tempted to trade against the prevailing trend, which of course continues up, up, and then up. Given the increasing number of traps placed in front of us on a weekly basis I have a hard time imagining how anyone could succeed trading equities on a long term basis without the aid of some sort of participation measure (a.k.a. market lie detector) as for example our very own Zero indicator:
I ought to be dedicating my E-Mini campaigns to rock legends more often as it seems to instantly bestow them with extra mojo right after entry. Of course the bullish divergence I observed on our Zero indicator Friday afternoon may have been a contributing factor as it was flashing ‘bear trap’ pretty much most of the session.