The trading frequency of this website is targeted to be about three trend change signals a month. The signals also allow for neutral (step away from the table) readings too (sometimes called neutral or “flat”). Currently, the feel is the website is going to be in an actual (i.e. long or short) position about two-thirds the time.
The Mummy has 3 types of signals, each designated by a code on the posted charts.
1) “Bull Trend” signals the trend is bullish, (i.e. long, blue).
2) “Bear Trend” signals the trend is bearish, (i.e. short, red).
3) “Cash Trend” signals there is no trend, (i.e. money markets, green), but the previous trend has ended .
A further word on the two “exit” signals. They advise the previous trend is over or that the risk/reward indications are no longer favorable for the trend to continue.
Another term I will use is TSP (theoretical signal price). It is a technical term calculated as being the closing price of the trading day following the signal day. It is useful in providing CTM inspired traders a clear and achievable, concrete entry/exit target. Get the overnight signal and enter/exit on the next trading day’s close.
How many posts a week? The plan is for 1 post a week, sometimes 2. A signal change is heralded by a post. In most cases, the posts will be in the evening (Eastern Time).
GH Garrett – Chief Commodity Analyst