The system does not work that way my friend. I am sure Matt will
answer the question better, it will probably take a long in the
next couple of days, for a quick exit when the price closes above
the 8 day ma, unless the 60 stoch gets oversold to < 30, if it
does then may hold for longer trade if the price recovers for
longer time
The exhaustion short happens only if consecutive positive
closes, I think 20 closes above the 8 ma etc, which has not
happened in the last 4-6 weeks.
Exhaustion Short #1 and #2 -
this trade take short trades when the market is
in a very strong uptrend, but statistically is very very stretched
such as over 22 days above the 8 day MA and %R over 90%, exits on a
quick pullback. I have 2 versions of this, 1 and 2
This from the SPY pro system tab-
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The system does not work
For those who hated sideways action ...
Posted by kattap on 10th of Sep 2016 at 11:14 pm
The system does not work that way my friend. I am sure Matt will answer the question better, it will probably take a long in the next couple of days, for a quick exit when the price closes above the 8 day ma, unless the 60 stoch gets oversold to < 30, if it does then may hold for longer trade if the price recovers for longer time
The exhaustion short happens only if consecutive positive closes, I think 20 closes above the 8 ma etc, which has not happened in the last 4-6 weeks.
As far I know that trade is still in the system
Matt please comment if I am wrong
exhaustion short
Posted by kattap on 10th of Sep 2016 at 11:33 pm
Exhaustion Short #1 and #2 - this trade take short trades when the market is in a very strong uptrend, but statistically is very very stretched such as over 22 days above the 8 day MA and %R over 90%, exits on a quick pullback. I have 2 versions of this, 1 and 2
This from the SPY pro system tab-