I discussed that twice in two videos. The combo system
exited last Wed because the strong trend shallow pullback system
which triggered it exited.
at the time I said other sub systems remained long like the
Trend and RSI oversold, which still are. Also today the Bull
Exhaustion 2 sub system went long. This has caused a NEW long
trade on the combo chart - see first image. The max historical draw
down looking over the history for this particular sub system is 3%.
I suppose one could place a stop wider than that if they
wanted to hold or enter. At the times of the videos I said
choose to do what fits you. I said I was leaving it long on
the website because the trend and RSI systems were still long,
really stupid of me honestly.
The sub systems which I discussed were still holding while combo
system exited last week were the Trend and RSI Oversold, they are
still holding.
Today a new sub system went long, the Bull Exhaustion, which
since the combo system was flag, triggered the combo system to take
a new trade
I've added the statistics to the Bull Exhaustion 2 so you can
look over. The bull exhaust is rare trade as you would expect, I
also added the trade list, which includes today.
I can't tell legally tell you to hold. That's why I said -
determine if you can hold, have some sort of exit plan/stop.
that's also why I added the statistics to the Bull Exhaust,
as one could possibly use that as a guide, max history draw down on
the 1st entry was about 3% max. Doesn't mean this isn't the
time that is exceeded of course.
Anyway as far as the combo system, let's just keep it combo from
here on. Clearly me discussing sub systems and combo systems
has overly complicated everything to a detriment. I can't go back
in time, can only look forward now. Let's stick with combo
system.
The combo system went back into a trade today, first entry.
And the sub system that trig geed it was the bull exhaust
2
People wanted me to keep the system on the website. going
forward, just gonna stick with the combo one, wish I would have
done that in the first place.
anyway maybe that CNBC report tonight means we're getting close
to some sort of tradeable low.
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is there any stop loss
Posted by bpozdoll on 24th of Oct 2018 at 04:01 pm
is there any stop loss on the SPY system? Or do we just hold?
Good question...
Posted by oakavekid on 24th of Oct 2018 at 04:16 pm
Good question...
I discussed that twice in
Posted by matt on 24th of Oct 2018 at 04:54 pm
I discussed that twice in two videos. The combo system exited last Wed because the strong trend shallow pullback system which triggered it exited.
at the time I said other sub systems remained long like the Trend and RSI oversold, which still are. Also today the Bull Exhaustion 2 sub system went long. This has caused a NEW long trade on the combo chart - see first image. The max historical draw down looking over the history for this particular sub system is 3%. I suppose one could place a stop wider than that if they wanted to hold or enter. At the times of the videos I said choose to do what fits you. I said I was leaving it long on the website because the trend and RSI systems were still long, really stupid of me honestly.
The sub systems which I discussed were still holding while combo system exited last week were the Trend and RSI Oversold, they are still holding.
Today a new sub system went long, the Bull Exhaustion, which since the combo system was flag, triggered the combo system to take a new trade
I've added the statistics to the Bull Exhaustion 2 so you can look over. The bull exhaust is rare trade as you would expect, I also added the trade list, which includes today.
Thanks Matt. I think we
Posted by bpozdoll on 24th of Oct 2018 at 05:00 pm
Thanks Matt. I think we are referring to the main system which shows 3 longs. Based upon those posts, we should hold. Correct? Thanks again
I can't tell legally tell
Posted by matt on 24th of Oct 2018 at 05:10 pm
I can't tell legally tell you to hold. That's why I said - determine if you can hold, have some sort of exit plan/stop. that's also why I added the statistics to the Bull Exhaust, as one could possibly use that as a guide, max history draw down on the 1st entry was about 3% max. Doesn't mean this isn't the time that is exceeded of course.
Anyway as far as the combo system, let's just keep it combo from here on. Clearly me discussing sub systems and combo systems has overly complicated everything to a detriment. I can't go back in time, can only look forward now. Let's stick with combo system.
The combo system went back into a trade today, first entry. And the sub system that trig geed it was the bull exhaust 2
People wanted me to keep the system on the website. going forward, just gonna stick with the combo one, wish I would have done that in the first place.
anyway maybe that CNBC report tonight means we're getting close to some sort of tradeable low.