3309 Drysdale Ct
Edwardsville, IL 62025
No SPY Exhaustion signal yesterday??
7 over the 3
no signal, what's 7 over the 3, 7 bars over the 3 EMA? if
that's what you meant I can do a scan of that for you
so if that's what you meant, I ran a scan, first off I see that
SMA is better than EMA for the exhaustion trades. 7 days over
the 3 EMA has a profit factor of only 1.5 while 7 days over the 3
SMS has a profit factor of 5.74, which isn't bad. The max
draw though though is about 11% so so there was one trade where it
shorted and the the market went up quite a bit. otherwise 30
examples since 1995 with 83.3% winning.
the higher number you go of course you would expect less draw
down, if you go 11 days over the 3 SMA only a draw down of 1.4%,
here's a scan result, but only 4 trades since 1995
again you have to scan this stuff guys to be confident of the
today would be the 8th day above
yes-- thank you. Was referring to Oct 23 2017 post.
thought maybe there was a trigger.
remember with my stuff I can test any condition. I might
test 2 - 5 MAs here and let you know if anything shows
however today is 8 above the 3 MA, yesterday was 7. 8 days
above the max draw down drops from 11% to 5%, so quite a bit of
drop going from 7 to 8. however if we get to 11 early next
week the max draw down is only about 0.1%, to me that's so tiny
it's worth shorting it for a quickie
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