If you're talking about the "9/39 system" crossing, I don't
think that it officially did cross by 3:45 pm (I was
watching.) So, according to the rules, you can't consider it
crossed until the end of the last bar of the day, i.e. 4:00
pm. I agree that it would have been a nice quick profit if it
had managed to cross by 3:45. Now the question is, does this
mean to short SRS (or buy URE) at the open on Monday? It
seems too far removed from today's close, but I think that's what
the system calls for. Maybe I'll wait to see how it opens, to
avoid a whipsaw if it gaps higher. Can anyone else confirm or
correct my thinking on this?
Always great if you made some money however the MAs might cross
back and forth during the formation of a bar so you "jumped the
gun" if you entered before the close of the bar. I too am under the
impression that the "correct" entry is the open on Monday. I also
agree that that sounds pretty scary but I guess if I had the system
on auto pilot it wouldn't care about my fear
one question. I have the 9 and 39 crossing around 11am for a
short sell on the 15 min chart. are you using different paramaters
when your charts are showing the cross just before the close?
srs cross
Posted by john9o9 on 7th of Nov 2008 at 03:54 pm
dang this crossed and I didn't take the trade looks like a nice one too!
If you're talking about the
Posted by twins on 7th of Nov 2008 at 10:42 pm
If you're talking about the "9/39 system" crossing, I don't think that it officially did cross by 3:45 pm (I was watching.) So, according to the rules, you can't consider it crossed until the end of the last bar of the day, i.e. 4:00 pm. I agree that it would have been a nice quick profit if it had managed to cross by 3:45. Now the question is, does this mean to short SRS (or buy URE) at the open on Monday? It seems too far removed from today's close, but I think that's what the system calls for. Maybe I'll wait to see how it opens, to avoid a whipsaw if it gaps higher. Can anyone else confirm or correct my thinking on this?
Bob in NJ
srs cross
Posted by john9o9 on 9th of Nov 2008 at 06:03 am
I had it cross on the 3:45 bar for a nice move into the close.
SRS
Posted by bkout3 on 9th of Nov 2008 at 10:52 am
Always great if you made some money however the MAs might cross back and forth during the formation of a bar so you "jumped the gun" if you entered before the close of the bar. I too am under the impression that the "correct" entry is the open on Monday. I also agree that that sounds pretty scary but I guess if I had the system on auto pilot it wouldn't care about my fear
9/39 SRS
Posted by dbray740 on 9th of Nov 2008 at 05:33 pm
I'm not sure the system has you enter a trade the next day if it crosses on the last candle of the previous day. Can anyone clarify this?
one question. I have the
Posted by cece60 on 9th of Nov 2008 at 01:40 pm
one question. I have the 9 and 39 crossing around 11am for a short sell on the 15 min chart. are you using different paramaters when your charts are showing the cross just before the close?
I think that you are
Posted by twins on 9th of Nov 2008 at 10:49 pm
I think that you are including extended hours in your EMAs. You should be using only regular hours.
CECE, don't know what you're
Posted by marketguy on 9th of Nov 2008 at 04:53 pm
CECE, don't know what you're looking at but this is the 15 min 9/39 showing a cross in the last hr of the day (no idea where you are getting some cross at 11am)? If you post what you were looking at maybe we can help....