the 60 min is about to turn red on the 60 min, it's flipping
back and forth between green and red and so if we go lower and stay
it will turn red, but if we bounce it will stay green. And
this is on SPY, it's probably different on other ETF's.
The daily is still green. Remember the indicator reacts
much faster on the long side because sell signals are much more
difficult. Many times by the time it turns red the market is
oversold short term and better to wait for a bounce. Too many
of you guys want a 100% turn key solution holy grail, but you
should always use some common sense and other indicators/analysis
with it
so or example at the moment the BPT MA Deluxe on the 60 min is
red, however 14 and 60 stochastics are oversold, so does it make
sense to short now? maybe it goes lower on momentum but risk/reward
is not good and thus better to wait for a bounce. Also the
daily is still green for now
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how about the bpt ma
SPY systems
Posted by john9o9 on 13th of Mar 2014 at 01:19 pm
how about the bpt ma deluxe daily?
still green
Posted by jgoot on 13th of Mar 2014 at 01:49 pm
still green
the 60 min is about
Posted by matt on 13th of Mar 2014 at 02:58 pm
the 60 min is about to turn red on the 60 min, it's flipping back and forth between green and red and so if we go lower and stay it will turn red, but if we bounce it will stay green. And this is on SPY, it's probably different on other ETF's.
The daily is still green. Remember the indicator reacts much faster on the long side because sell signals are much more difficult. Many times by the time it turns red the market is oversold short term and better to wait for a bounce. Too many of you guys want a 100% turn key solution holy grail, but you should always use some common sense and other indicators/analysis with it
Actually my thoughts are if
Posted by john9o9 on 13th of Mar 2014 at 04:05 pm
Actually my thoughts are if the daily stays green it would support taking a long position here, fwiw.
so or example at the
Posted by matt on 13th of Mar 2014 at 03:15 pm
so or example at the moment the BPT MA Deluxe on the 60 min is red, however 14 and 60 stochastics are oversold, so does it make sense to short now? maybe it goes lower on momentum but risk/reward is not good and thus better to wait for a bounce. Also the daily is still green for now