Posted by Robert50 on 11th of Aug 2011 at 04:08 pm
Stick with it. The changes to the system would have
changed to a buy signal on 8/8, the Renko Charts are pointing up,
and we have some higher lows. I have fallen for this trap
before, selling at the lows when we are at or near a bottom.
No guarantees of course....that why mechanicals help....IMO
If your head is planning games with you look at it this
way: If you sell and the market goes up, you can only blame
yourself. If the market goes down, you can blame the
"system."! LOL
I am guessing we go down tomorrow and higher next week, although
choppy.
Stick with it. The changes
Anyone have any justification for exiting now? A fraction or ...
Posted by Robert50 on 11th of Aug 2011 at 04:08 pm
Stick with it. The changes to the system would have changed to a buy signal on 8/8, the Renko Charts are pointing up, and we have some higher lows. I have fallen for this trap before, selling at the lows when we are at or near a bottom. No guarantees of course....that why mechanicals help....IMO
If your head is planning games with you look at it this way: If you sell and the market goes up, you can only blame yourself. If the market goes down, you can blame the "system."! LOL
I am guessing we go down tomorrow and higher next week, although choppy.
Robert50..did Matt say that there would have been a buy signal on 8/8??
Posted by hurricanemalta on 11th of Aug 2011 at 04:11 pm
I'm sure not hurricane....from my
Posted by marketguy on 11th of Aug 2011 at 05:11 pm
I'm sure not hurricane....from my understanding it'll only "buy" when the SPY is over the longer term moving avg (right now we are well below)....
hurricanemalta , the system would have
Posted by Robert50 on 11th of Aug 2011 at 04:16 pm
hurricanemalta , the system would have bought at the close of 8/8 at 112.26. That is about +4%
See his post below.