Sorry, I drank a dram of whisky brought by a mischief-maker prior to writing that last comment and the post ought to have been more carefully edited. I'm using a strategy with positions that tend to last a couple of days to two weeks or maybe a month or so and thus may not be relevant to those with a longer-term perspective. When positions are entered at the signal, it is extremely rare for a loss to incur prior to the signal changing, whereas the odds of a loss steadily increase the longer one waits to enter once a signal is generated. Currently, the signal remains bullish. But in the case of the NASDAQ 100, for example, that signal generated over 1,000 points ago (1 point = $20 for each /NQ e-mini contract, incidentally). I simply don't have the intellectual candlepower to know how long the signal shall last. I suspect it is closer to the end than to the beginning, but there is no mathematical way to know. The primary idea is to 'buy low' and 'sell high' and not chase price action that manifests a cheery, increasingly expensive consensus.

It's possible to weave in and out of a mid-term signal by using similar metrics on smaller time scales, with positions lasting 8-72 hours, adding and subtracting contracts as these shorter signals change, but the principle is the same''buy low' and 'sell high' and this approach requires algorithmic orders as the signals can change extremely quickly. That signal last turned bullish on Wednesday afternoon and remains so. The prior bullish signal occurred on the previous Friday and ended abruptly on Tuesday morning (incurring some 350 points per /NQ contract, for example). If there is interest in this strategy, we can discuss it further, but it requires moment-by-moment computer surveillance after regular trading hours end, and algorithmic orders generated through a Pine Script API if one is interested in maintaining one's sanity.