Hey Matt, this system really looks like it kicks @ss. It looks
like it emulates what the smart money does, which is buy/short the
rips/dips within the trend. And buy/short when the market is
extremely overbought/oversold. These are the difficult trades to
make, but usually turns out to be good ones. This system lets you
know when its a good time to make them.
Yes the system only buys oversold conditions and only shorts
overbought conditions, it does not chase breakouts, or break downs.
It takes well timed trades when the conditions are right,
then it sits in cash and waits for the next opportunity.
The system has worked in all market conditions, bull market,
bear market, sideays choppy market, however it has actually done
better in this QE manipulated market, for example the
profit factor is 862 if you take the system back to the start of
2009 with 100% winning trades on both longs and shorts, thats nuts.
That's means you 1 dollar was lost for every 862 made
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Hey Matt, this system really
SPY system and short webinar
Posted by cw12 on 6th of Apr 2011 at 12:48 pm
Hey Matt, this system really looks like it kicks @ss. It looks like it emulates what the smart money does, which is buy/short the rips/dips within the trend. And buy/short when the market is extremely overbought/oversold. These are the difficult trades to make, but usually turns out to be good ones. This system lets you know when its a good time to make them.
Yes the system only buys
Posted by matt on 6th of Apr 2011 at 01:00 pm
Yes the system only buys oversold conditions and only shorts overbought conditions, it does not chase breakouts, or break downs. It takes well timed trades when the conditions are right, then it sits in cash and waits for the next opportunity.
The system has worked in all market conditions, bull market, bear market, sideays choppy market, however it has actually done better in this QE manipulated market, for example the profit factor is 862 if you take the system back to the start of 2009 with 100% winning trades on both longs and shorts, thats nuts. That's means you 1 dollar was lost for every 862 made