since the exhaustion trades do not catch big swing trades, simply look to a quick reversion to mean reset, was not a bad idea to close out at least 1/2 the short trade from the SPY system.  Had I not been so busy with things I probably would have sent out an alert for that, or even closed it out entirely. What I don't want to happen is for the market to have a magic rally back above the 8 SMA in the afternoon and for the trade to hold.

    Matt - since the exhaustion

    Posted by ojc345 on 2nd of Dec 2019 at 12:36 pm

    Matt - since the exhaustion short is meant to be for quick trades, does your system have ability to identify or stay in a short position if it could turn into a swing Trade? Trying to gauge probability of maintaining short on broader market turn. Also what are your thought on VIX as a short proxy? Thanks. 

    Sorry for your family loss

    Posted by retirefire on 2nd of Dec 2019 at 11:27 am

    Sorry for your family loss Matt. Yes took profit while SPX was filling GAP.

    What about setting a trailing

    Posted by cozz101 on 2nd of Dec 2019 at 11:27 am

    What about setting a trailing stop (on exhaustion trade) based on just below the 2 hr ATR? Would that give back too much or be too tight a stop? 


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