First off you should not use the word conflict - there is no
conflict between the two - the SPY reversion to mean systems go
long when the BPT MA red quite a lot because they buy dips, the BPT
MA is like turning a big ship, it's slow to respond and turn, many
times when it first turns over red the market is oversold short
term and in due for a short term bounce and the SPY systems don't
need much of a bounce to get out. now last night I discussed
this trade on the SPY systems the FOMC tomorrow, this is higher
risk, one could think about buying some put protection - if the FED
mentions taper tomorrow the market won't like it.
I can discuss this topic later - right now I'm responding to
others with trading questions on setups and trying to manage some
things myself, so this is a topic for after hrs or mid day when the
market is slower, you can also send me a pm or email to:
support@breakpointtrades.com and we can have a further discussion
in off time
the SPY systems were all profitable yesterday, so if anyone was
overly nervous one could have taken the position off or 1/2 the
position off for profits, heck they are still slightly profitable
even with the down move this morning- tomorrows FOMC could be
market moving
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First off you should not
BPT MA Deluxe - adding an Elliot Wave logic to it using a novel approach
Posted by matt on 17th of Dec 2013 at 10:28 am
First off you should not use the word conflict - there is no conflict between the two - the SPY reversion to mean systems go long when the BPT MA red quite a lot because they buy dips, the BPT MA is like turning a big ship, it's slow to respond and turn, many times when it first turns over red the market is oversold short term and in due for a short term bounce and the SPY systems don't need much of a bounce to get out. now last night I discussed this trade on the SPY systems the FOMC tomorrow, this is higher risk, one could think about buying some put protection - if the FED mentions taper tomorrow the market won't like it.
I can discuss this topic later - right now I'm responding to others with trading questions on setups and trying to manage some things myself, so this is a topic for after hrs or mid day when the market is slower, you can also send me a pm or email to: support@breakpointtrades.com and we can have a further discussion in off time
the SPY systems were all
Posted by matt on 17th of Dec 2013 at 10:33 am
the SPY systems were all profitable yesterday, so if anyone was overly nervous one could have taken the position off or 1/2 the position off for profits, heck they are still slightly profitable even with the down move this morning- tomorrows FOMC could be market moving