Posted by jdaswani on 11th of Apr 2018 at 09:58 am
Matt do you still have the trend day system. Just like
last week, mrkt gaps down after a politician speaks (Legard IMF)
this week. Market was bot at open and rallied the rest of the day.
coincidentally it was also a wed, Market acts like it wants to be
bought long. Any thots would be appreciated.
Yes it's now a part of the SPY system as I discussed on weekend
newsletter quite extensively did you listen to that one?
that system is not doing any trades because as a filter it uses
the slope of some MA's like the 50 and 200, and if they are
negative it will not do a trade, the 50 MA has negative
slope.
on the other hand intra day a couple of the short systems
signaled trades a couple times over the last 2 days but were lost
later in the day.
yes I do think the market wants to rally but the minefield of
news makes it hard, earnings season is coming which generally
pushes the market higher
Posted by jdaswani on 11th of Apr 2018 at 10:19 am
Matt, not referring to SPY. I might be aging myself as a
customer, but I do recall you had a chart system on general market.
which highlighed or caught trend days after the first 30mins.
I had it saved on stockcharts, but i cannot find
it.
Matt do you still have
Posted by jdaswani on 11th of Apr 2018 at 09:58 am
Matt do you still have the trend day system. Just like last week, mrkt gaps down after a politician speaks (Legard IMF) this week. Market was bot at open and rallied the rest of the day. coincidentally it was also a wed, Market acts like it wants to be bought long. Any thots would be appreciated.
Yes it's now a part
Posted by matt on 11th of Apr 2018 at 10:11 am
Yes it's now a part of the SPY system as I discussed on weekend newsletter quite extensively did you listen to that one?
that system is not doing any trades because as a filter it uses the slope of some MA's like the 50 and 200, and if they are negative it will not do a trade, the 50 MA has negative slope.
on the other hand intra day a couple of the short systems signaled trades a couple times over the last 2 days but were lost later in the day.
yes I do think the market wants to rally but the minefield of news makes it hard, earnings season is coming which generally pushes the market higher
Matt, not referring to SPY.
Posted by jdaswani on 11th of Apr 2018 at 10:19 am
Matt, not referring to SPY. I might be aging myself as a customer, but I do recall you had a chart system on general market. which highlighed or caught trend days after the first 30mins. I had it saved on stockcharts, but i cannot find it.
oh okay sorry about that
Posted by matt on 11th of Apr 2018 at 10:24 am
oh okay sorry about that misunderstood, here you go. again it's really just a 5 min chart I use, and link to educational article