from what I've seen, best to use a combination of the time
frames along with other things. For example maybe use the daily for
entries but the 2 day for exits, or the daily for entries and the 2
day and weekly for exits. The weekly, while it does a great job at
ignoring noise is slow to get back in. The SPY systems are
excellent at getting back in. Take note of ABC pullbacks in
uptrends as buying opportunities.
Posted by mstaples37 on 9th of Aug 2021 at 09:43 pm
Matt, thanks again. I appreciate all that info and
guidance. I'm asking a different, simple question. I'm
just asking what it means for a DVT to be "hit." E.g., is a
daily DVT hit if the DVT value is hit intraday or does it require a
close under it? I'm not saying I'm going to religiously get
out the second the price is touched -- that's what I was attempting
to explain when I first posed the question -- but you need some
kind of objective criterion to determine whether the DVT has been
hit in order to, e.g., measure consecutive DVTs being generated
without being hit. That's what I'm asking about: what,
for that purpose, it means for a DVT to be "hit."
Posted by steverobin on 10th of Aug 2021 at 05:15 am
If a DVT is "hit" it is intraday or at the close. How you
handle that depends on your trading style and plan. The DVT
is only a guide. At the end of the day you should decide what
to do and better yet follow your plan before it does get hit.
Don't over complicate it.
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from what I've seen, best
Matt, thanks for the new DVT table. Always appreciate all ...
Posted by matt on 9th of Aug 2021 at 12:16 am
from what I've seen, best to use a combination of the time frames along with other things. For example maybe use the daily for entries but the 2 day for exits, or the daily for entries and the 2 day and weekly for exits. The weekly, while it does a great job at ignoring noise is slow to get back in. The SPY systems are excellent at getting back in. Take note of ABC pullbacks in uptrends as buying opportunities.
Matt, thanks again. I appreciate
Posted by mstaples37 on 9th of Aug 2021 at 09:43 pm
Matt, thanks again. I appreciate all that info and guidance. I'm asking a different, simple question. I'm just asking what it means for a DVT to be "hit." E.g., is a daily DVT hit if the DVT value is hit intraday or does it require a close under it? I'm not saying I'm going to religiously get out the second the price is touched -- that's what I was attempting to explain when I first posed the question -- but you need some kind of objective criterion to determine whether the DVT has been hit in order to, e.g., measure consecutive DVTs being generated without being hit. That's what I'm asking about: what, for that purpose, it means for a DVT to be "hit."
If a DVT is "hit"
Posted by steverobin on 10th of Aug 2021 at 05:15 am
If a DVT is "hit" it is intraday or at the close. How you handle that depends on your trading style and plan. The DVT is only a guide. At the end of the day you should decide what to do and better yet follow your plan before it does get hit. Don't over complicate it.