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My Trading System - My Trading System A Brief Summary Brett...

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My Trading System: A Brief Summary Brett N. Steenbarger, Ph.D. www.brettsteenbarger.com Note: This was written December 1, 2003 and reflects the system as of the date of writing. Modifications to the system and its implementation are ongoing and are followed in the Trading Psychology Weblog. This article describes a non-mechanical, rule-based intraday trading system for the ES (S&P E-mini) futures, though it can easily be adapted to trading the SPY ETF or the full sized SP futures. There are three major inputs to the system: TREND, INSTITUTIONAL ACTIVITY, and MOMENTUM. The basic logic of the system is to identify the short-term trend as bullish, bearish, or neutral and predicate intraday entries on the behavior of the Institutional Buying/Selling and Momentum during the day. This is explained below. The specific indicators that assess trend, institutional activity, and momentum are summarized daily in the Weblog. There are two trading modes for the system: Short-term trend following . This is based on research that shows that, over the short-run, trending price movements of a threshold vigor are likely to continue in their present direction, while over the longer-run, they are apt to reverse. Breakout . This is based on research that shows that, when there is no established
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