Working On Thor

I’m going to make this super snappy today as I am wading knee deep in code with the intent of releasing a beta version of Thor sometime next week. In case you haven’t guessed it already – Thor will be the automated equivalent of Scott’s HammerTime system which he runs on daily charts.

Although I don’t think it’s going to be a major effort it will probably take me a few weeks to incorporate all the various changes Scott has made to the original Heisenberg system (which we both developed together for the past year). In essence it’s actually a bit simpler on the entry side but the campaign management aspects of it may have to be tweaked a few times before we get it right. In any case – unless I run into some kind of wall (always possible) I expect to release a very early beta sometime next week. I’ll keep you guys abreast on any changes.

I hope any of you took the NQ long setup I suggested yesterday. It’s not out of the woodworks by any measure but this is a very first good spike higher. You may want to watch the 100-hour SMA – quite frankly it’ll make or break there and 4070 needs to be put behind us asap. Any weakness on the way higher now will invite more whipsaw and I’m giving this a very short leash. Meaning, if it doesn’t look like the 100-hour holds I’m out with a tiny profit or break-even.

Two updates on yesterday’s entries below for my subs:

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By the way – another nice fractal attack earlier this morning at 10:00am EDT:

The current fractal has occurred 206 times in the past.
It ranks as the 24th most frequent fractal during the past 50005 bars.
The next candle has closed higher 123 times, lower 81 times, and equal 2 times.
Frequency of occurrence: 0.41%
Higher/lower ratio: 1.5
Lower/higher ratio: 0.7

Acceptable ratio (1.5 – my threshold) and more importantly sufficient frequency of occurrence (206 times).

Outcome positive 🙂

You have been briefed and I’m back to coding. See you guys tomorrow.

Cheers,