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 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