System doesn't think, just reacts to conditions. The
system was looking to hold the long as a possible trender but the
Gap down Friday triggered a sell and the rally off the intraday
lows wasn't strong enough to negate; thus a sell.
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going to cash after a 16 pt drop?
SPY Swing System Trade Alert
Posted by lamb on 6th of Jul 2012 at 10:08 pm
does the system expext a large gap up Mon am?!!
Also, if you read up
Posted by frtaylor on 9th of Jul 2012 at 02:10 pm
Also, if you read up on the system, it tends to close longs at the open of a session, not the close.
System doesn't think, just reacts
Posted by tom on 7th of Jul 2012 at 01:28 pm
System doesn't think, just reacts to conditions. The system was looking to hold the long as a possible trender but the Gap down Friday triggered a sell and the rally off the intraday lows wasn't strong enough to negate; thus a sell.