2. a NEW sub system looking to take a 1st entry long today the
QE 3.2
the stats are great on the QE 3.2, no losing trades BUT, doesn't
mean some of those past trades didn't have some nice draw downs at
times before recovering and playing out for a profit. The largest
draw down occurred when it went long in late Feb 2009, I show that
trade with the stats, I think it took about a 13% draw down there.
I point that out because the way the market is now, could we
still have another 5 or 10% down? or see that 4000 level where the
open gap is, certainly so be prepared for that mentally if
following these systems. They will get more long until a trade low
occurs
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SPY systems update
Posted by matt on 23rd of Feb 2022 at 01:35 pm
a couple of things:
1. so far second entry possible on Trend/Pullback
2. a NEW sub system looking to take a 1st entry long today the QE 3.2
the stats are great on the QE 3.2, no losing trades BUT, doesn't mean some of those past trades didn't have some nice draw downs at times before recovering and playing out for a profit. The largest draw down occurred when it went long in late Feb 2009, I show that trade with the stats, I think it took about a 13% draw down there. I point that out because the way the market is now, could we still have another 5 or 10% down? or see that 4000 level where the open gap is, certainly so be prepared for that mentally if following these systems. They will get more long until a trade low occurs