Usually accurate M-Th. Method is to buy the close on the
TRIN signal day, then use your favorite trailing stop to exit near
the next day's high or a later day's high. But I personally
do not trade a Friday TRIN signal because weekend news cycle will
often trump the signal. Market is different over a weekend vs
overnight. Example: TRIN super buy signal Friday, Aug 21, but
anyone who took it would have either been stopped out badly on
Monday's huge gap down, or forced to hold through a 100+ S&P
point drawdown before breakeven later that week.
TRIN
TRIN LONG SIGNAL
Posted by rang00n on 19th of Sep 2015 at 07:44 pm
Usually accurate M-Th. Method is to buy the close on the TRIN signal day, then use your favorite trailing stop to exit near the next day's high or a later day's high. But I personally do not trade a Friday TRIN signal because weekend news cycle will often trump the signal. Market is different over a weekend vs overnight. Example: TRIN super buy signal Friday, Aug 21, but anyone who took it would have either been stopped out badly on Monday's huge gap down, or forced to hold through a 100+ S&P point drawdown before breakeven later that week.
TRIN
Posted by prvtii on 19th of Sep 2015 at 09:12 pm
Thx rang00n; looks like a potential volatile Monday, just as some indexes appeared to be looking really good for shorting.