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.
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junkie - First off the
Matt - SSO intraday
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.