follow up on my comments yesteraday about adding a filter to the
exhaustion system where price had to be at new highs. The
exhaustion short yesterday did not take out out Tuesday's highs for
example. Anyway the results of that added filter - first off you
reduce the number of trades as some are filtered out. However I
noticed it reduces draw down by quite a bit, as much as half on
some past trades.
With the filter on the system would not have shorted yesterday
but would be shorting today instead :( Yeah I know.
anyway going forward for future trades I will be using that
filter. But obviously we are in the current trade as is.
that said yesterday I did say that I thought the market would go
higher first before pulling back because of the 15 and 60 min
charts, and we see that today.
follow up on my comments
SPY system possible exhaustion short trade
Posted by matt on 15th of Nov 2019 at 12:13 pm
follow up on my comments yesteraday about adding a filter to the exhaustion system where price had to be at new highs. The exhaustion short yesterday did not take out out Tuesday's highs for example. Anyway the results of that added filter - first off you reduce the number of trades as some are filtered out. However I noticed it reduces draw down by quite a bit, as much as half on some past trades.
With the filter on the system would not have shorted yesterday but would be shorting today instead :( Yeah I know.
anyway going forward for future trades I will be using that filter. But obviously we are in the current trade as is.
that said yesterday I did say that I thought the market would go higher first before pulling back because of the 15 and 60 min charts, and we see that today.
Great work as always on
Posted by ssaffer on 15th of Nov 2019 at 03:08 pm
Great work as always on the filter.
SPY exhaust system trade was
Posted by rogerv on 15th of Nov 2019 at 03:33 pm
SPY exhaust system trade was taken yesterday
Yep I stated as much
Posted by matt on 15th of Nov 2019 at 03:42 pm
Yep I stated as much in the post. going forward of course we will use that new filter setting.
also side note there could be a second entry, however it's too close to call until the close