Posted by shinings on 13th of Nov 2014 at 02:52 pm
Matt, I remember in your SPY PRO system there's something called
an "exhaustion short" where price closes above 8 day MA for at
least 20 bars in a row along with %R indicator over 90%. If we
close above 8 day MA both today and tomorrow it will mark the 20th
day.
I know the current trade is long. If the above happens indeed,
does it mean that the current long will be closed and a new short
will be initiated per the system rules?
SPY PRO exhaustion short trade
Posted by shinings on 13th of Nov 2014 at 02:52 pm
Matt, I remember in your SPY PRO system there's something called an "exhaustion short" where price closes above 8 day MA for at least 20 bars in a row along with %R indicator over 90%. If we close above 8 day MA both today and tomorrow it will mark the 20th day.
I know the current trade is long. If the above happens indeed, does it mean that the current long will be closed and a new short will be initiated per the system rules?
Can you clarify? Thanks.
Matt - any comments on
Posted by shinings on 14th of Nov 2014 at 03:06 pm
Matt - any comments on this?
There is a piece related
Posted by sbwoman on 14th of Nov 2014 at 03:40 pm
There is a piece related to this "rare" event on Yahoo Finance. You might want to check it out. Sorry I can't post a link.