see Day before FOMC announcement 2 VIX up closes 96% win for details
There are lots of talk on how 90% NYSE volume up day is bullish along with VIX above BB band …. I have looked at taking a long entry when we have a 90% NYSE volume up day and using various exits. I tried to exit in 10 days, in 30, 60, 90 days without any stop. Then I put my usual 1st profitable opening/close exit with 2.5% stop loss. I even tried to put average true range or one of those lowest low for the past 14 days…. None of them seems to give a good enough long signal without a huge draw down. Perhaps you can suggest something… I have here my usual 1st profitable opening/close exit with 2.5% stop loss summary. Please have a look at it and perhaps you have some ideas on how to make a consistent system out of it.
SIGNAL is NOT triggered, my data is corrupted. Sorry.
see this for details: Mcclellan oscillator is reaching oversold area
see this for detail.