top of page

Live Trading System Signals on 10/21/2024

Capstone Trading

I was happy to see a range expansion and more activity in the market. While the initial cycle of range expansions can by challenging, it can provide the setup with some larger more favorable moves, which are the type of moves that we have not seen much of in the last two weeks.


The pre-election trade has generated some divergent and unusual market patterns. Friday's trade was very listless with a narrow range all day. We have also seen some recent patterns that include a lot of activity at the open followed by a very "uneventful" close, which feels a bit nefarious. Today the opening price action generated a big rally pre-market and into the day session open to take back overnight losses, followed by a sell off all the way back to the lows. The Nasdaq then reversed back to the highs. It always feels like Nasdaq is about to generate another 100 - 200 point rally. Today the rally occurred at the end of the day and after many day trade margins and 0 DTE options expire.


The back-and-forth price action made for one of the more challenging days with the One Million MNS down -1.34% while the 250K Portfolio was down -$2,680 today in live trading. Our live trading is down -0.27% on the month. We are ahead of the hypotheticals for the portfolios based on our rotations. Today was 5th losing day in a row. I am anticipating a cycle in our favor with 8 trading days left in the first month of Q4.


The hypothetical results for the Stock Index Portfolio 18 was -$2,340 per E-mini and -$186 per Micro. Silver SR CounterTrend II v2 M 2024 traded today and the Micro Silver contract is a 1/5th size contract instead of 1/10th. This is the reason why the Micro results are better than 1/10th of the E-mini results.


The V-Reversal Combination 2024 showed two trades on one of my Tradestation platforms (both being losses) while my dedicated server showed only one trade. The dedicated server showed one long trade this morning while my desktop research platform showed the long trade in the morning as well as the short trade in the afternoon. Tradestation has different data servers and if you have multiple platforms in different locations, the data can be 1-2 ticks off and generate different trades. It is interesting that the data isn't more standardized and one of those things that is beyond our control.


The Stock Index Portfolio 18 hypothetical results used the results from the dedicated server with one trade on V-Reversal from this morning.


The Advance Decline line went to nearly -2000 and stayed near the lows while the Russell 2000 and Dow sold off. The Nasdaq 100 put on the contrarian trade by closing up on the day with NVIDIA surging again to new highs.

59 views0 comments

Recent Posts

See All

Trading System Signals on 02/10/2025

Today seemed like a strange rally. You have to wonder how the market can be so wild on Friday, gap down on Sunday night, surge higher...

Comments


EXCLUSIVE MARKET AND STRATEGY UPDATES

 Capstone Trading Systems © 2024. All Rights Reserved.

​

U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

​

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

bottom of page