Posted by timebandit on 31st of Oct 2020 at 12:39 pm
Thanks for the explanation. I can understand the frustration. We
are all pretty much dependent on these imperfect platforms. I was
having trouble with my indicators Tradestation yesterday, and I
felt like my vision was partially obscured.
I took a long trade in SPX yesterday, but not just off the CCI
system. I welcomed and used your heads up as input. I used it,
along with what I was seeing on my own charts, to help inform my
decision. I understand that the system trades are automatic. I
could automatically enter and exit them as well. I prefer to take
them as just that: input. To be honest, I feel a little bit better
about my position knowing the CCI trade did trigger. But that
feeling, as we all know, is horseshit. The only thing that matters
will be what the market does at 9:30 am ET Monday. Sure, the
futures Sunday night will mean something, but that can all change
by the next morning.
Anyway, appreciate the work you and Steve are doing.
I agree with timebandit...the systems are guidelines for us to
trade our own way. It is very helpful to have the "heads up" email
earlier in the day because it allows me to focus near the end of
the day and look for an entry. I did so like 5 mins before the
close on Friday and made an instant profit. I did sell in
afterhours and happy with the trade. In this case, since CCI did
trigger afterall, I will reenter the trade on Monday if we get
another dip.
Its all meant as a guideline and not an exact science!
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Thanks for the explanation. I
SPY systems CCI trade did occur
Posted by timebandit on 31st of Oct 2020 at 12:39 pm
Thanks for the explanation. I can understand the frustration. We are all pretty much dependent on these imperfect platforms. I was having trouble with my indicators Tradestation yesterday, and I felt like my vision was partially obscured.
I took a long trade in SPX yesterday, but not just off the CCI system. I welcomed and used your heads up as input. I used it, along with what I was seeing on my own charts, to help inform my decision. I understand that the system trades are automatic. I could automatically enter and exit them as well. I prefer to take them as just that: input. To be honest, I feel a little bit better about my position knowing the CCI trade did trigger. But that feeling, as we all know, is horseshit. The only thing that matters will be what the market does at 9:30 am ET Monday. Sure, the futures Sunday night will mean something, but that can all change by the next morning.
Anyway, appreciate the work you and Steve are doing.
I agree with timebandit...the systems
Posted by cozz101 on 1st of Nov 2020 at 09:52 am
I agree with timebandit...the systems are guidelines for us to trade our own way. It is very helpful to have the "heads up" email earlier in the day because it allows me to focus near the end of the day and look for an entry. I did so like 5 mins before the close on Friday and made an instant profit. I did sell in afterhours and happy with the trade. In this case, since CCI did trigger afterall, I will reenter the trade on Monday if we get another dip.
Its all meant as a guideline and not an exact science!