as someone commented below, the hi,mid,low short - currently ES
is 2899.5 and the 5 SMA is 2893.1, so not very far away. Remember
that strat is a simple reversion to mean, only looks for a close
back below the 5 SMA, so not a lot of meat there
the issue is the market has weakened all day, the signal was
there this morning at the highs, so with the market having fallen
it's lost a lot of that difference
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as someone commented below, the
Hi,Mid,Lo short may trigger on ES daily system
Posted by matt on 12th of May 2020 at 03:12 pm
as someone commented below, the hi,mid,low short - currently ES is 2899.5 and the 5 SMA is 2893.1, so not very far away. Remember that strat is a simple reversion to mean, only looks for a close back below the 5 SMA, so not a lot of meat there
the issue is the market has weakened all day, the signal was there this morning at the highs, so with the market having fallen it's lost a lot of that difference