Good morning. First off as you know we still have an open long
position via the Trend/Pullback sub system - we trade both
versions, we closed out 1/2 the position when the more aggressive
exit version closed out on Wednesday.
Anyway I was thinking that today the system might close out as
the indicator I mentioned (BPT DS) is now over bought), however
some kind of momentum hold condition must have triggered (I have
not investigated that yet to see the exact details) that is instead
going to hold the trade and stay long instead of closing out
today
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SPY open Trend/Pullback trade comments - a momentum hold condition generated
Posted by matt on 23rd of Jul 2021 at 09:40 am
Good morning. First off as you know we still have an open long position via the Trend/Pullback sub system - we trade both versions, we closed out 1/2 the position when the more aggressive exit version closed out on Wednesday.
Anyway I was thinking that today the system might close out as the indicator I mentioned (BPT DS) is now over bought), however some kind of momentum hold condition must have triggered (I have not investigated that yet to see the exact details) that is instead going to hold the trade and stay long instead of closing out today