the trade is no where close to closing out. This trade is not
like the exhaustion trade, the average hold time is around 13 days,
however some can hold for 1 - 2 months, whereas the exhaustion
trade the avg hold time is only 5 - 6 days
again for the nervous nellies out there you can close your trade
now and lock in a healthy profit then not worry about it.
but as far as this trade - it's not closing out anytime soon. I
expected the market to bounce today because it was extremely
oversold yesterday, however this correction may still take some
time to unfold, maybe this is a B wave and then we have a C wave
down later on, if all that happens it's possible this trade could
go negative and even take a 2nd entry, who knows. but it
ain't closing out anytime soon
question---- spy is below your
SPY system exhaustion Trade exit
Posted by watcdy on 24th of Jan 2020 at 01:11 pm
question---- spy is below your exhaustion # 330.32 does mean if it closes here or lower the system would issue close the trade signal ?
the trade is no where
Posted by matt on 28th of Jan 2020 at 10:29 am
the trade is no where close to closing out. This trade is not like the exhaustion trade, the average hold time is around 13 days, however some can hold for 1 - 2 months, whereas the exhaustion trade the avg hold time is only 5 - 6 days
again for the nervous nellies
Posted by matt on 28th of Jan 2020 at 10:33 am
again for the nervous nellies out there you can close your trade now and lock in a healthy profit then not worry about it.
but as far as this trade - it's not closing out anytime soon. I expected the market to bounce today because it was extremely oversold yesterday, however this correction may still take some time to unfold, maybe this is a B wave and then we have a C wave down later on, if all that happens it's possible this trade could go negative and even take a 2nd entry, who knows. but it ain't closing out anytime soon
i think it is B
Posted by RP on 28th of Jan 2020 at 10:49 am
i think it is B wave also and C is to come i sold out lokked in 19k from yesterday and 3300.00 on spy trade thx matt
the SPY system is end
Posted by matt on 24th of Jan 2020 at 01:56 pm
the SPY system is end of day