I am generally in the "all gaps get filled someday" camp so I
couldn't really oppose the idea. If your someone trying to
follow the system religiously then I would just say you may want to
have a back-up plan for if we bottom before we get there.
JMHO
Posted by frtaylor on 11th of Jul 2012 at 03:19 pm
Gap still not filled. But that sure looks like a bear flag
on the 15 min SPY/SPX charts. I reshorted today, looking for
that fill before I consider a long position.
Posted by frtaylor on 10th of Jul 2012 at 06:15 pm
Right. Actually, I was shorting from Monday or so,
watching the gap. I covered today when it turned around shy
of the gap. Did not enter long though. Not really
following the SPY system anymore (given the last year's track
record), just using the signal as one more indicator.
I am generally in the
One way to enter this new long signal would be ...
Posted by tom on 10th of Jul 2012 at 03:22 pm
I am generally in the "all gaps get filled someday" camp so I couldn't really oppose the idea. If your someone trying to follow the system religiously then I would just say you may want to have a back-up plan for if we bottom before we get there. JMHO
Gap still not filled. But
Posted by frtaylor on 11th of Jul 2012 at 03:19 pm
Gap still not filled. But that sure looks like a bear flag on the 15 min SPY/SPX charts. I reshorted today, looking for that fill before I consider a long position.
short position stopped at breakeven,
Posted by frtaylor on 11th of Jul 2012 at 04:03 pm
short position stopped at breakeven, then went long at the close, full position. Stop will be a clear break and unsuccessful backtest of the wedge.
Ah, NOW the gap fills.
Posted by frtaylor on 12th of Jul 2012 at 09:55 am
Ah, NOW the gap fills.
Right. Actually, I was shorting
Posted by frtaylor on 10th of Jul 2012 at 06:15 pm
Right. Actually, I was shorting from Monday or so, watching the gap. I covered today when it turned around shy of the gap. Did not enter long though. Not really following the SPY system anymore (given the last year's track record), just using the signal as one more indicator.
Multiple entries
Posted by burkmere on 11th of Jul 2012 at 11:43 am
Its interesting how historically there has been very few multiple entries and recently that's all there's been.