Intraday Bias: Emini S&P R1 Reversal
By LawrenceMorning Reversal from R1 is a short only trading system that works on Emini S&P RTH 5-min timeframe. It is simple and has been working consistently for well more than 10 years. You can read about the basic concept behind from my article, Emini Day Trading: Understanding R1 Resistance. This example trading system shows how confirmed entries work.
Content
- Historical Performance
- Basic Setup
- Examples
- Variations
- Summary
Historical Performance
Following is a chart of the net gain for trading a single lot Emini S&P using the trading setup. As usual, it is done with one tick disadvantage and round turn commission of $5 to make the result realistic. It is clear how strong the bias is even in the face of a 7 year strong rally.
Statistics for the basic system:
- Winning rate at 40%
- Trigger on average 40 times a year
- Annualized return of about $1600 a year (after slippage and commission as stated above)
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