From now on, the trades that are made for the Greed and Fear model portfolio will be reported on the blog after they are closed. This will result in a more accurate and up-to-date reporting of the trading result.
So, on Thursday night going into Friday, August 21st, 2020, the indicator was bullish for trading on Friday. The limit long order was entered and combined with a bracket order. Just before regular trading hours, the order was filled at 3368,25. This was already an intraday pullback of more than 12 points. But the ES continued to go lower and decided to turn around only a couple of points away from our stop loss. That was nerve-racking to watch of course.
Then it slowly drifted higher into the close where we manually closed the trade at 3394,50. This trade was the second trade of the month and more than compensated for our previous losing trade. Positions are never held over the weekend because anything can happen during those two days that may cause a huge gap when trading resumes on Sunday night.