yes Junkie it's still long, and the profession version went long
yesterday, here's chart. Of course the benefit to this one is
that it can scale out very aggressively like the first entry got
out of nearly all of it's position, this is a luxury you guys don't
have since you can't enter 10 or 20 contracts. However this
trade type the bear long, its a good trade. I can place the
same settings on a 100 year Dow chart or 60 year SPX chart and the
statistics and trades are very nice.
Again short term of course the SPX is very close to the Aug
lows, seems like we gotta tag it sometime, whether that's now or
later, I think we will. If we go and tag it now and under cut
it, the trade will take some heat, just how it is.
Today the market has a small gap up, however honestly both Steve
and I would have preferred a gap down actually, then a reversal.
we'll see how the day unfolds
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yes Junkie it's still long,
SPY system, trade type bear market long
Posted by matt on 29th of Sep 2015 at 09:19 am
yes Junkie it's still long, and the profession version went long yesterday, here's chart. Of course the benefit to this one is that it can scale out very aggressively like the first entry got out of nearly all of it's position, this is a luxury you guys don't have since you can't enter 10 or 20 contracts. However this trade type the bear long, its a good trade. I can place the same settings on a 100 year Dow chart or 60 year SPX chart and the statistics and trades are very nice.
Again short term of course the SPX is very close to the Aug lows, seems like we gotta tag it sometime, whether that's now or later, I think we will. If we go and tag it now and under cut it, the trade will take some heat, just how it is.
Today the market has a small gap up, however honestly both Steve and I would have preferred a gap down actually, then a reversal. we'll see how the day unfolds