If the market were to turn around and sell off, and close below
today's the lows, the system would close out it's short trade.
As of now the market has bounced from the lows, we will send
out a notification later in the day if the market weakens
Since I don't see any new post on this topic, I'm assuming the
same rules apply to todays current 1.5% drop, that an exit will
probably be likely at the close? Please give some guidance?
I am not sure if I understand your post properly but you should
never assume there is a trade unless you receive an alert and see a
posted alert dated today in the SPY Section. There is no
trade today.
I have the same question. As of the last couple of weeks,
the system has "thought" of this as only a quick trade (because of
an indicator had turned positive). So without revealing too
much, has this indicator reversed (meaning this could be a swing
short), or will it soon sell on another market drop.
I didn't assume there was a trade, I was asking for an opinion
about the possibility of the system exiting today base on his
earlier comment about a move lower on that day. Just trying to plan
for some of these exits...some brokers wont let you trade after
hours. An Update after a severe draw down isn't unreasonable to
expect.
I didn't say your question was unreasonable but if you think
about what you asked that is already what we do. So if we
deemed there was a "possibility of the system exiting today" then
we would have sent an alert.
Now going forward today with what looks to be a large gap down
morning I would say that the odds of the system covering all shorts
at the close is very high. After the open we will have a
better gauge of price ranges as well as what certain holding
indicators are saying and if they are deciding to hold the short
longer or not. About an hour after the open I will take a
look at the system and if I can send the alert then to give people
time to prepare I will, if there is still some uncertainty then I
will just post on the board an update.
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SPY trade comments
Posted by matt on 26th of Oct 2011 at 01:38 pm
If the market were to turn around and sell off, and close below today's the lows, the system would close out it's short trade. As of now the market has bounced from the lows, we will send out a notification later in the day if the market weakens
Since I don't see any
Posted by klatuu on 31st of Oct 2011 at 12:51 pm
Since I don't see any new post on this topic, I'm assuming the same rules apply to todays current 1.5% drop, that an exit will probably be likely at the close? Please give some guidance?
I am not sure if
Posted by tom on 31st of Oct 2011 at 03:56 pm
I am not sure if I understand your post properly but you should never assume there is a trade unless you receive an alert and see a posted alert dated today in the SPY Section. There is no trade today.
I have the same question.
Posted by kalinm on 31st of Oct 2011 at 04:59 pm
I have the same question. As of the last couple of weeks, the system has "thought" of this as only a quick trade (because of an indicator had turned positive). So without revealing too much, has this indicator reversed (meaning this could be a swing short), or will it soon sell on another market drop.
I didn't assume there was
Posted by klatuu on 31st of Oct 2011 at 04:14 pm
I didn't assume there was a trade, I was asking for an opinion about the possibility of the system exiting today base on his earlier comment about a move lower on that day. Just trying to plan for some of these exits...some brokers wont let you trade after hours. An Update after a severe draw down isn't unreasonable to expect.
I didn't say your question
Posted by tom on 1st of Nov 2011 at 07:37 am
I didn't say your question was unreasonable but if you think about what you asked that is already what we do. So if we deemed there was a "possibility of the system exiting today" then we would have sent an alert.
Now going forward today with what looks to be a large gap down morning I would say that the odds of the system covering all shorts at the close is very high. After the open we will have a better gauge of price ranges as well as what certain holding indicators are saying and if they are deciding to hold the short longer or not. About an hour after the open I will take a look at the system and if I can send the alert then to give people time to prepare I will, if there is still some uncertainty then I will just post on the board an update.