Posted by chapgolf on 27th of Dec 2018 at 09:47 am
Matt, what do you mean by QE LE on the SPY system? Also,
when you say the bear long trade closed, do you mean a long
position in SH or a bearish ETF such as SDS? Thank you.
there's 10 long sub systems, each can do their own thing.
they are all individual systems on their own - but when put
on one chart only the system that triggered first is in control. In
the past I used to send orders for all the sub systems but when we
had 23 sub systems it was too confusing etc, so I simplified it
down to have all the long sub systems on one chart for longs and
all the sub systems on another chart for shorts. Again many
sub systems can overlap - on SPY the bear long, bull exhaust, and
QE were all long, but entered on different days. Since the QE
entered first that's what the system will exit by. The bear long
sub system exited yesterday, but QE remains long and so does bull
exhaust. This has all been described before however I think you are
newer and I had removed that stuff from the section. I don't
have time to go into any more detail now than that with the market
open. anyway the QE is looking for a close over the 8 SMA to
exit currently, that's a pretty fast MA, in most market conditions
you get that, but obviously this market lately has been way out of
norm.
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Matt, what do you mean
this is a take your money and run market glad ...
Posted by chapgolf on 27th of Dec 2018 at 09:47 am
Matt, what do you mean by QE LE on the SPY system? Also, when you say the bear long trade closed, do you mean a long position in SH or a bearish ETF such as SDS? Thank you.
there's 10 long sub systems,
Posted by matt on 27th of Dec 2018 at 09:54 am
there's 10 long sub systems, each can do their own thing. they are all individual systems on their own - but when put on one chart only the system that triggered first is in control. In the past I used to send orders for all the sub systems but when we had 23 sub systems it was too confusing etc, so I simplified it down to have all the long sub systems on one chart for longs and all the sub systems on another chart for shorts. Again many sub systems can overlap - on SPY the bear long, bull exhaust, and QE were all long, but entered on different days. Since the QE entered first that's what the system will exit by. The bear long sub system exited yesterday, but QE remains long and so does bull exhaust. This has all been described before however I think you are newer and I had removed that stuff from the section. I don't have time to go into any more detail now than that with the market open. anyway the QE is looking for a close over the 8 SMA to exit currently, that's a pretty fast MA, in most market conditions you get that, but obviously this market lately has been way out of norm.