Check the NYADV/NYDEC ratio in the chart below. In
an mature rally (like this) backtesting yields a high probabilty of
nice returns on a spike (which is building). Will wait
for a pop in the $tick to confirm and roll in short.
Note: This PSAR/Renko EURO chart above is sweet using the
setting developed by Matt & Steve in other
systems. Have started swing trading EUO/ULE using
the settings. Thanks guys!! Its a crude system but the
returns are nice.... Moving some of the portfolio to the
currency market feels safer,,,, especially given the bizar behavior
in many equities these days...
no science here.... tick is a bit too low for a sell
off right now relative to past Adv/dec spikes... A pop
would be confirmation but not required..... I just
started layering in short.....(scalp trade).
Until Steve/Matt says the trend has changed to the down side this
is only a scalp....
actually,,, checking the 15 min charts we did just get a
tick pop. Not enough magnitude to register in the 60
min charts..... Nice to work different termporal
horizons....
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Short Side Entry Setup Building
Posted by rreich on 20th of Oct 2010 at 01:07 pm
Check the NYADV/NYDEC ratio in the chart below. In an mature rally (like this) backtesting yields a high probabilty of nice returns on a spike (which is building). Will wait for a pop in the $tick to confirm and roll in short.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s162497802]&disp=P
Also short EURO, long dollar still triggered from yesterday. More confirmation for a US equities short setup.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s211504809]&disp=P
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s211514012]&disp=P
Note: This PSAR/Renko EURO chart above is sweet using the setting developed by Matt & Steve in other systems. Have started swing trading EUO/ULE using the settings. Thanks guys!! Its a crude system but the returns are nice.... Moving some of the portfolio to the currency market feels safer,,,, especially given the bizar behavior in many equities these days...
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s211405577]&disp=P
What would you consider to
Posted by frtaylor on 20th of Oct 2010 at 02:07 pm
What would you consider to be a "pop" in the $tick? i.e., how high up ought the $tick go?
tick pop
Posted by rreich on 20th of Oct 2010 at 02:14 pm
no science here.... tick is a bit too low for a sell off right now relative to past Adv/dec spikes... A pop would be confirmation but not required..... I just started layering in short.....(scalp trade). Until Steve/Matt says the trend has changed to the down side this is only a scalp....
more on tick pop
Posted by rreich on 20th of Oct 2010 at 02:47 pm
actually,,, checking the 15 min charts we did just get a tick pop. Not enough magnitude to register in the 60 min charts..... Nice to work different termporal horizons....