The reason that the trade didn't close out on Tuesday's low was
because trending indicator has turned negative, therefore the
system will close out of the trade once this indicator has turned
back positive. It won't take much more of a rally to cause
the trending indicator to turn positive again, therefore the market
needs to pullback here soon, otherwise the trade will probably be
stopped out shortly
Matt, in relation to your comment about the trending indicator,
can you say whether it is positive now or not? Can we expect
to close this trade out on the next dip? Thanks.
The Trend indicator is still negative and if it had changed
their would have likely been a new trade. As always with the
system it is not always the direction but also how it gets there
that can cause the trade to decide to be closed or hold. Same
would be true on the upside regarding if the trade was closed but
even though the system does not have a price stop there is
something that can/will close the trade if we continue higher.
current trade
Posted by matt on 3rd of Nov 2011 at 02:17 pm
The reason that the trade didn't close out on Tuesday's low was because trending indicator has turned negative, therefore the system will close out of the trade once this indicator has turned back positive. It won't take much more of a rally to cause the trending indicator to turn positive again, therefore the market needs to pullback here soon, otherwise the trade will probably be stopped out shortly
Matt, in relation to your
Posted by pebs on 8th of Nov 2011 at 09:44 am
Matt, in relation to your comment about the trending indicator, can you say whether it is positive now or not? Can we expect to close this trade out on the next dip? Thanks.
The Trend indicator is still
Posted by tom on 8th of Nov 2011 at 11:15 am
The Trend indicator is still negative and if it had changed their would have likely been a new trade. As always with the system it is not always the direction but also how it gets there that can cause the trade to decide to be closed or hold. Same would be true on the upside regarding if the trade was closed but even though the system does not have a price stop there is something that can/will close the trade if we continue higher.
wow, I would have thought
Posted by frtaylor on 8th of Nov 2011 at 03:53 pm
wow, I would have thought we'd cover today. Keeping my fingers crossed, then.
cool - crossing my fingers
Posted by frtaylor on 9th of Nov 2011 at 09:06 am
cool - crossing my fingers worked.
Keep them crossed for about one more month please!
Posted by drmolar on 9th of Nov 2011 at 11:16 am
and 100 spx pts! pts
Posted by marketguy on 9th of Nov 2011 at 01:08 pm
and 100 spx pts! pts more than time for me please!
well, there's 1/2 of what
Posted by marketguy on 9th of Nov 2011 at 04:16 pm
well, there's 1/2 of what I was looking for!
I swear, if we are all real quiet we can hear crickets in here (and/or pins dropping)