I have been sent a soft copy of the following book. Apart from the fact he slags trend following, he claims that it’s not necessary that the setup works on others symbols (you know what my thoughts are on that)
https://www.amazon.com/SPY-High-Probability-Trading-Strategies/dp/1070219150
Here’s some of the 40 odd setups (all traded on the $SPY)
(1) 4% crash on $SPY
$SPY is down by more than 4% during current trading session • Go long at close
(2) $SPY posts 2% back to back losses
$SPY is down by more than 2% for two trading day’s in row • Go long at close
(3) $SPY posts 2% loss on a Monday
$SPY is down by more than 2% for the day • & current trading day is Monday • Go long at close
(4) $SPY posts back to back 1% losses on a Monday
$SPY is down by more than 1% for two trading days in row • & current trading day is Monday • Go long at close
(5) $SPY posts 3 consecutive losses of more than 0.5%
$SPY posts 3 consecutive losses of more than 0.5% • Go long at close
(6) $SPY posts a 1% loss with a 2X average volume
$SPY is down by more than 1% for the day • & $SPY current day’s volume is more than twice the average daily volume over previous 20 trading days, including today • Go long at close
(7) $SPY posts a second 2% loss within 5 trading days
$SPY is down by more than 2% for the day • & during the last 4 trading days there was another 2% down day • Go long at close
( $SPY posts 4 down days in row
$SPY posts 4 or more down days in row • Go long at close
(9) $SPY posts 3 down days in row on a Tuesday
$SPY posts 3 or more down days in row • & current trading day is Tuesday • Go long at close
(10) $SPY posts 4 down days along with 4 lower lows
$SPY posts down day along with a lower low for 4 days in row • Go long at close
(11) $SPY posts 4 down days and close is below lower Bollinger band
$SPY posts 4 or more down days in row • & current day’s close is below lower Bollinger band • Go long at close
….you get the gist.