you win either way, this intraday reversal entry
works and the RSI 2 end of day trade is no longer taken, or this
entry fails and you likely buy Market On Close a bit lower for
the high probability system trade. /es was outside the
BB on intraday basis and market was at or near S2 and a number of
oversold stocks (AMZN etc. ) were not making new lows. Closed
at 186.8, entry was 185.27. (0.8%)
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SPY RSI 2 , 9.2
Posted by cmunny on 28th of Apr 2014 at 02:04 pm
Lot of the high price off 20% the past 3 days. near support levels ... 9.4 .. dropping,will be a buy for a bounce throw or system buy this afternoon
/es setup entry with the spy rsi 2 at 9.4 , good cheat entry for SPY trade
Posted by cmunny on 28th of Apr 2014 at 02:19 pm
you win either way, this intraday reversal entry works and the RSI 2 end of day trade is no longer taken, or this entry fails and you likely buy Market On Close a bit lower for the high probability system trade. /es was outside the BB on intraday basis and market was at or near S2 and a number of oversold stocks (AMZN etc. ) were not making new lows. Closed at 186.8, entry was 185.27. (0.8%)