secondly here's an image showing the various versions of that
Trend/Pullback sub system. The one we followed is the top left,
which closed out today. One version closed out on Friday.
however the original version as I stated took 3 long entries
back in late Feb and early Mar and never sold, it was still long
therefore it could not have taken the trade last week since it was
along 3 entries already. Anyway that one closed out today too, big
trade there
you know one thing I may do in the future if the original
version has say 3 entries like that and we have avoided the draw
down of the first 2 entries, we could elect to take that 3rd
entry
Posted by frtaylor on 30th of Mar 2021 at 09:37 am
Yes, please do notify of that 3rd entry. That combined w/
an intraday pattern, etc., could make for a lower risk trade.
Heck, notify us of the 2nd entry, with this rationale: one
could set a buy limit for 1 or 2% below the 2nd entry's price; or
watch for an intraday candle or TA pattern ; or put in a buy order
for a call that's a couple hundred below the price on the entry
day. In the case of a call, the strategy could be to play for a
short term bounce, so you could go out only 4-5 weeks instead of
the usual two months.
SPY reversion to mean systems
Posted by matt on 29th of Mar 2021 at 05:04 pm
first off nice trade
secondly here's an image showing the various versions of that Trend/Pullback sub system. The one we followed is the top left, which closed out today. One version closed out on Friday.
however the original version as I stated took 3 long entries back in late Feb and early Mar and never sold, it was still long therefore it could not have taken the trade last week since it was along 3 entries already. Anyway that one closed out today too, big trade there
you know one thing I may do in the future if the original version has say 3 entries like that and we have avoided the draw down of the first 2 entries, we could elect to take that 3rd entry
Yes, please do notify of
Posted by frtaylor on 30th of Mar 2021 at 09:37 am
Yes, please do notify of that 3rd entry. That combined w/ an intraday pattern, etc., could make for a lower risk trade.
Heck, notify us of the 2nd entry, with this rationale: one could set a buy limit for 1 or 2% below the 2nd entry's price; or watch for an intraday candle or TA pattern ; or put in a buy order for a call that's a couple hundred below the price on the entry day. In the case of a call, the strategy could be to play for a short term bounce, so you could go out only 4-5 weeks instead of the usual two months.
Impressive. Thanks for the updates
Posted by mstaples37 on 29th of Mar 2021 at 05:56 pm
Impressive. Thanks for the updates on the systems!