This 8/21 ema trade is on right now.  Nice thing is that if it crosses under the 21 EOD, you can exit with very little loss.  Another way to look at it is that if the 9 ema holds today, you can go long. Either way, use the listed trade stops.

    Steve or Matt, would be great to get your input if you have any views on this trade.

    when looking at MA crosses,

    Posted by matt on 21st of Jun 2012 at 01:11 pm

    when looking at MA crosses, it helps a lot to employ a whipsaw filter, my horizontal line confirmation works great to cut out about 50% of whipsaws i.e. quick crosses that reverse back.

    here's a few examples on a daily SPX chart that I've shown in the past

     

    Sure - here.  I did

    Posted by frtaylor on 21st of Jun 2012 at 01:15 pm

    Sure - here.  I did mention it was a daily chart trade when I first posted the trade parameters.

    you didn't at first, you

    Posted by matt on 21st of Jun 2012 at 01:21 pm

    you didn't at first, you must have modified your post because after I refreshed your chart appeared.

    the problem with the blog is that when posts are edited, no one sees it unless the blog is manually refreshed, the auto refresh will not catch it

    I printed the original post

    Posted by wowten on 21st of Jun 2012 at 01:30 pm

    I printed the original post for reference.

    It states that it references the daily chart twice in the first paragraph.

    On the orig post, the

    Posted by frtaylor on 21st of Jun 2012 at 01:27 pm

    On the orig post, the 19th, I didn't give a chart, only verbally mentioned that it was for a daily chart. 

    The trade kind of has it's own filter in that you don't take the trade on the day of the 8/21 cross.  Rather, you wait for price to drop back into the zone between the 8 and 21 to go long.  If price crosses the 21, you don't take the trade. I'll sell it if EOD price is below the 21.

    ok guys we get the

    Posted by steve on 21st of Jun 2012 at 01:31 pm

    ok guys we get the picture.  let's not bury productive posts with back and forth banter

    SPY long trigger?

    Posted by frtaylor on 21st of Jun 2012 at 01:09 pm

    SPY just now to cross over the downtrend line shown on this 5 min chart.  Could be a good trigger, esp. if we get one more slight pullback on lighter vol.

    No pos divergence on the MACD, though.

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