October the 21st 2016

Here’s what I sent to subscribers:

Greetings traders!

If VXX opens above yesterday’s low at 32,15
entry SHORT UVXY or TVIX or (VXX) at the market at today’s market open at 9.30 AM EST.

Stop Loss = 30% or (20%) from the entry price.
Take Profit = None.

Money Management: Use only 75% of your equity for this trade.

If at the close VXX is 5% above today’s VXX opening price, leave 66.67% of the equity invested (50% of all the account) untill tomorrow open at 9.30 AM EST, otherwise close everything out at today’s close (4.00 PM EST).

Yesterday VXX made a new all time low. Contrary to expectations, it doesn’t happen so often. I tried to figure out a rare pattern confirming the system short signal and I found that:
-3 closes below opens in a row
-yesterday’s high was below the low of the previous day (this happened 2 times in a row)
-today’s high is below yesterday’s high
This pattern only happened 2 times since VXX inception and both times it was a bearish intraday session for VXX.
This gives a good confirm to The Summit system signal.

Have a good trading,
Marco Simioni

This was a full down day for vix etps and I got a good gain of 2,85% as I exited a bit earlier.



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