junkie - First off the system takes both longs and shorts of
course. The system uses a long MA to denote the trend, for
example the SSO 34 min system uses a 138 simple MA to note the
trend (the other systems I have use different MAs), therefore if
SSO is over that MA, the system only takes longs and buys on
pullbacks. When the SSO is below the 138 MA, it takes
shorts.
Here's another example: here's my daily SSO swing trade system
(not intra day), all trades are taken at the end of the day.
On this SSO swing trade system, it uses the 138 MA to denote the
trend. As you can see, the SSO went above the 138 MA in May;
before that time all the trades that the system does are
shorts. After that time you see Longs (very nice long where
it bought in June as you can see. The June Long trade was
long for over a Month! so a true swing trade system - see the
attached chart.
Sure was. Just curious. What's
Matt - SSO intraday
Posted by cw12 on 7th of Apr 2010 at 02:53 pm
Sure was. Just curious. What's it doing this time? Is it scaling in again around intraday support?
lol for what it's worth,
Posted by matt on 7th of Apr 2010 at 03:48 pm
lol for what it's worth, the SSO 34 intra day system scaled back long twice, L1 for 20% of a postion, and L2 for 30%, for a total of 50% of a position
Hell the way the market has been, maybe it will be right again. But like any system, eventually it will get it wrong, we'll see.
So far the system has been like the Fed Plunge Protection team, it's always buying lol
Matt, does you SSO system
Posted by junkie on 7th of Apr 2010 at 05:23 pm
Matt, does you SSO system base its trades on playing the intermediate trend or it uses other criteria? I don't remember seeing it go short.
junkie - First off the
Posted by matt on 7th of Apr 2010 at 09:19 pm
junkie - First off the system takes both longs and shorts of course. The system uses a long MA to denote the trend, for example the SSO 34 min system uses a 138 simple MA to note the trend (the other systems I have use different MAs), therefore if SSO is over that MA, the system only takes longs and buys on pullbacks. When the SSO is below the 138 MA, it takes shorts.
Here's another example: here's my daily SSO swing trade system (not intra day), all trades are taken at the end of the day. On this SSO swing trade system, it uses the 138 MA to denote the trend. As you can see, the SSO went above the 138 MA in May; before that time all the trades that the system does are shorts. After that time you see Longs (very nice long where it bought in June as you can see. The June Long trade was long for over a Month! so a true swing trade system - see the attached chart.
PPT, LOL!!!
Posted by puma on 7th of Apr 2010 at 03:49 pm
ha ha, you got my
Posted by matt on 7th of Apr 2010 at 04:19 pm
ha ha, you got my little joke
anyway, I have to crash and take a nap, I'm going on about 5 hrs of sleep since Saturday, seriously!