thanks for this. when talking about putting trailing stops
on based on the higher lows via the fast ma deluxe, it seemed like
you were referencing placing them intraday, is that accurate or do
you prefer stops based on the close?
The stops would be at the lows of the candles where the fast or
non whipsaw confirming BPT MA was red. The stops would only
be confirmed once the higher low was established and the BPT MA
back green to signal that.
the stops would be INTRA DAY not close. Basically a GTC stop that is active until we
cancel it and replace it with the next higher stop or it's
triggered. Important because that stop protects you by
locking your gains in even if it's one of those crazy 90 point down
days like we saw last fall. For example that stop hit in on Oct
10th, would have triggered at 2860, if you had waited for the close
on Oct 10th, the SPX closed at 2785, so waiting for the close would
have sucked. Again stops are GTC and intra day.
thanks for this. when talking
Educational video on the Trending system methodology I've been showing
Posted by shecar on 15th of May 2019 at 06:28 pm
thanks for this. when talking about putting trailing stops on based on the higher lows via the fast ma deluxe, it seemed like you were referencing placing them intraday, is that accurate or do you prefer stops based on the close?
The stops would be at
Posted by matt on 15th of May 2019 at 07:16 pm
The stops would be at the lows of the candles where the fast or non whipsaw confirming BPT MA was red. The stops would only be confirmed once the higher low was established and the BPT MA back green to signal that.
the stops would be INTRA DAY not close . Basically a GTC stop that is active until we cancel it and replace it with the next higher stop or it's triggered. Important because that stop protects you by locking your gains in even if it's one of those crazy 90 point down days like we saw last fall. For example that stop hit in on Oct 10th, would have triggered at 2860, if you had waited for the close on Oct 10th, the SPX closed at 2785, so waiting for the close would have sucked. Again stops are GTC and intra day.
thank you for clarifying
Posted by shecar on 16th of May 2019 at 11:32 am
thank you for clarifying