Posted by burkmere on 24th of May 2011 at 11:53 am
BKout3..well, the reason is that because if you are really going
to follow the system, there was no way to really know yesterday.
The "132.08 or below level to buy at" was too close to the
132.06 to know at the close. So, one might have bought
and the system might not have and thus no trade.
Sure, one could gamble and buy it and hope it's within the price
range for the buy, but when it's withing hundredths of a point, one
can't tell really until after the close...
Fair enough but in this case if there had been a surge of buying
at the close that meant I had entered on a "false signal" I would
think I could get out just after the close for a tiny gain (maybe
20 sec from the entry). Of course I know you wouldn't have that
option with the 15 min delay. Maybe use a different broker for this
system??
Posted by burkmere on 24th of May 2011 at 12:54 pm
Actually, even if I can't buy until 4:15 EST, it probably all
averages out...some entries would maybe be slightly higher than a "
spy system entry trade" close... But sometimes it would be
lower...my gut tells me over time..not much difference.
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Well...
SPY system today
Posted by burkmere on 24th of May 2011 at 11:53 am
BKout3..well, the reason is that because if you are really going to follow the system, there was no way to really know yesterday. The "132.08 or below level to buy at" was too close to the 132.06 to know at the close. So, one might have bought and the system might not have and thus no trade.
Sure, one could gamble and buy it and hope it's within the price range for the buy, but when it's withing hundredths of a point, one can't tell really until after the close...
Fair enough but in this
Posted by bkout3 on 24th of May 2011 at 12:31 pm
Fair enough but in this case if there had been a surge of buying at the close that meant I had entered on a "false signal" I would think I could get out just after the close for a tiny gain (maybe 20 sec from the entry). Of course I know you wouldn't have that option with the 15 min delay. Maybe use a different broker for this system??
Averages out....
Posted by burkmere on 24th of May 2011 at 12:54 pm
Actually, even if I can't buy until 4:15 EST, it probably all averages out...some entries would maybe be slightly higher than a " spy system entry trade" close... But sometimes it would be lower...my gut tells me over time..not much difference.