On a side note: SPY exhaustion trade most likely not exiting
now.
Also regarding the exhaustion short trade, these only look for a
'reset' reversion to mean pullback, basically just a quick shallow
pullback and NOT a major top and big trade. Because of that
fact in the future I may consider closing out 50% of the position
on future Exhaustion Short trades if the exit conditions are being
met intra day in order to reduce risk.
On another note the ES breakout system remains in a 50%
position, it exited 50% yesterday as I showed. Also at today's lows
the ES Trend MOMO long conditions were being met, but obviously not
now.
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On a side note: SPY
Today will probably finish in the green ... ... ...
Posted by matt on 20th of Nov 2019 at 03:46 pm
On a side note: SPY exhaustion trade most likely not exiting now.
Also regarding the exhaustion short trade, these only look for a 'reset' reversion to mean pullback, basically just a quick shallow pullback and NOT a major top and big trade. Because of that fact in the future I may consider closing out 50% of the position on future Exhaustion Short trades if the exit conditions are being met intra day in order to reduce risk.
On another note the ES breakout system remains in a 50% position, it exited 50% yesterday as I showed. Also at today's lows the ES Trend MOMO long conditions were being met, but obviously not now.