Matt, Thanks for showing that the system was short at one point
yesterday. Even tho it did not stay short , it
helped me confirm my thoughts that we were near a turnaround in the
market.
I have no idea what you are talking about institutional account.
I simply meant many times you see intra day SPY and ES signals that
do not confirm by the close, i.e. the conditions show up during the
day as prices meet the parameters but then go away by the close as
price changes and those indicators got out of the range that would
trigger a trade by the close. Steve and I have often noted
that many times over the years those intra day signals that show up
intra day only to disappear before the close and not confirm a
trade on the daily systems, I call them phantom signals because
they come and go, would ahve on most occasions worked out for
winning a day trade - ie. a phantom long or short signals that I
saw show up intra day would many times have made a nice day trade.
It's just an observation after seeing that so many times
over the years. The problem is that I have NO way to test that -
the daily charts only see me trades where the conditions were still
true into the close where you had a daily trade - there's no way to
see how many hundreds of potential intra day signals in the past
there were. I'm don't know what you meant by instituational, I was
simply discussing the intra day SPY system was giving a short
signal, as well as the ES system during the 1/2st half of
yesterday, however as price fell so did those indicators which fell
below their trigger points, that's it.
Matt, Thanks for showing that
Posted by dakotadj on 1st of Apr 2020 at 10:17 am
Matt, Thanks for showing that the system was short at one point yesterday. Even tho it did not stay short , it helped me confirm my thoughts that we were near a turnaround in the market.
it can play around intraday
Posted by law6 on 1st of Apr 2020 at 10:23 am
it can play around intraday but you need an institututional account to afford the data
MATT: Please explain institutional account.
Posted by nichi on 1st of Apr 2020 at 10:25 am
MATT: Please explain institutional account. Please elaborate
I have no idea what
Posted by matt on 1st of Apr 2020 at 10:32 am
I have no idea what you are talking about institutional account. I simply meant many times you see intra day SPY and ES signals that do not confirm by the close, i.e. the conditions show up during the day as prices meet the parameters but then go away by the close as price changes and those indicators got out of the range that would trigger a trade by the close. Steve and I have often noted that many times over the years those intra day signals that show up intra day only to disappear before the close and not confirm a trade on the daily systems, I call them phantom signals because they come and go, would ahve on most occasions worked out for winning a day trade - ie. a phantom long or short signals that I saw show up intra day would many times have made a nice day trade. It's just an observation after seeing that so many times over the years. The problem is that I have NO way to test that - the daily charts only see me trades where the conditions were still true into the close where you had a daily trade - there's no way to see how many hundreds of potential intra day signals in the past there were. I'm don't know what you meant by instituational, I was simply discussing the intra day SPY system was giving a short signal, as well as the ES system during the 1/2st half of yesterday, however as price fell so did those indicators which fell below their trigger points, that's it.
Matt: My mistake I thought
Posted by nichi on 1st of Apr 2020 at 10:40 am
Matt: My mistake I thought INSTITUTIONAL ACCOUNT posted by you.....but posted by" law6". Regret inconvenience.