Valid Strategy or Am I Lucky?

#1

Not sure if I have been lucky or if this is a REAL Strategy on Bull Spreads…

What I have been doing is waiting until somewhere between 55 min to 45 min before the contract is set to close. Looking at the Bull Spread Scanner checking for something that I can make at least a 1 to 1 return and 5 pips or less to break even. Checking the Chart to see how fast the index is moving and make sure the entry is within the Bull Spread, strike price closer to the middle the better. I wait until 5 -10 min before the close of the contract and the dump the contract.

It’s been working on the Russell 2K (TF) not sure if it really works or…

Should I go out and buy a Lotto Ticket? :stuck_out_tongue:

#2

Well you are trading spreads correctly to mirror the market with defined risk by using the ATM spread (one close to the market - At the Market).

However, i would not use purely the scanner to pick direction that would be pure luck that will run out. You want to use some sort of timing system. The scanner is there to narrow down the spread or binary to select once you have picked a direction.

Check out the Apex Elite system to learn how to do this.

#3

Thanks I will go check out the video – Ah…I do have homework :rolleyes: