$SPX - Chart Link - despite the sell off
the 60 stochastic remains firmly above 80%, despite the quick
recycle in price, plus you have the 50 day that was almost
tagged.
anyway I had a question when this gave a buy signal last week
when the 4 Stoch was oversold, you would have sold it lat Friday
when it went back overbought where you see my circle.
Hey Matt - Just to clarify, the buy/sell signals can occur in
different indicators right? i.e. a buy on an oversold 4 stoch could
have its matching sell signal occur when a 2 RSI hits overbought?
Or does the buy/sell trigger have to occur in the same
indicator?
one could do that, I have not worked out actual system rules,
but that's clearly an option for reducing risk in order to give you
the most chance for exits, of course profits will be reduced too.
that's not a finished system, it's just a semi system I threw
out there, or starting point one could use as a base to flesh out
by adding more rules and other things to it
comment on SPX daily from last week
Posted by matt on 7th of May 2019 at 03:52 pm
$SPX - Chart Link - despite the sell off the 60 stochastic remains firmly above 80%, despite the quick recycle in price, plus you have the 50 day that was almost tagged.
anyway I had a question when this gave a buy signal last week when the 4 Stoch was oversold, you would have sold it lat Friday when it went back overbought where you see my circle.
Hey Matt - Just to
Posted by shecar on 7th of May 2019 at 05:39 pm
Hey Matt - Just to clarify, the buy/sell signals can occur in different indicators right? i.e. a buy on an oversold 4 stoch could have its matching sell signal occur when a 2 RSI hits overbought? Or does the buy/sell trigger have to occur in the same indicator?
one could do that, I
Posted by matt on 7th of May 2019 at 05:49 pm
one could do that, I have not worked out actual system rules, but that's clearly an option for reducing risk in order to give you the most chance for exits, of course profits will be reduced too. that's not a finished system, it's just a semi system I threw out there, or starting point one could use as a base to flesh out by adding more rules and other things to it
thank you
Posted by shecar on 7th of May 2019 at 05:57 pm
thank you