Note this buy signal was from the shallow pullback version of
the system, sometimes it's early, but over time it's been fine.
Otherwise the other SPY systems remain in cash (SPY Ver 2 and
SPY RSI 2) and thus they need deeper pullbacks in order to take a
position, therefore if we get a deeper pullback you can use them to
average down. I generally think it's best to play all the
systems from a diversification standpoint.
So, are we going long?
SPY Pro system
Posted by wjrichard on 6th of May 2014 at 03:58 pm
So, are we going long?
Yep I went long
Posted by wout on 6th of May 2014 at 04:01 pm
Yep I went long
Note this buy signal was
Posted by matt on 6th of May 2014 at 04:05 pm
Note this buy signal was from the shallow pullback version of the system, sometimes it's early, but over time it's been fine.
Otherwise the other SPY systems remain in cash (SPY Ver 2 and SPY RSI 2) and thus they need deeper pullbacks in order to take a position, therefore if we get a deeper pullback you can use them to average down. I generally think it's best to play all the systems from a diversification standpoint.
the sticky post should be
Posted by matt on 6th of May 2014 at 04:00 pm
the sticky post should be fairly obviously
also this is the shallow pullback entry