I know you said that the short closed out. Question:
From the chart you posted the BPT Momentum turned Red.
Would that cause you to hold the short longer?
jgoot- that trade
does not use the BPT Momentum to hold the trade. As I stated,
that is simply an exhaustion trade to catch a reversion to mean
pullback, not to catch a trending trade. If I use the
momentum the results are not as good because as I showed in the
video while some trades mark tops, a lot of them don't and are
simply pullbacks in the uptrend
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BPT Momentum turned Red
Exhaustion Short follow up on SPY
Posted by jgoot on 11th of Mar 2014 at 04:54 pm
I know you said that the short closed out. Question: From the chart you posted the BPT Momentum turned Red. Would that cause you to hold the short longer?
BPT Momentum turned Red
Posted by matt on 11th of Mar 2014 at 04:57 pm
jgoot- that trade does not use the BPT Momentum to hold the trade. As I stated, that is simply an exhaustion trade to catch a reversion to mean pullback, not to catch a trending trade. If I use the momentum the results are not as good because as I showed in the video while some trades mark tops, a lot of them don't and are simply pullbacks in the uptrend