remember the stats - at times you can have as many as 3 or 4
consecutive days in a row. I've posted a table of stats I compiled
in the past - for any type of quasi system like that make sure to
know the stats, do the work by looking a the past chart
here's the stats I posted in a past - that was just before 2020
but the same thing applies - notice the consecutive days in the
column
technically today would be #4 for the NYMO - but only #2 for the
NAMO.
the NYMO is a bit weird because it was up on Thur and just
barely still closed below the lower Bollinger Band. It could easily
have closed above it and you would have only 2 counting today, so
to me it's a bit of an odd ball
Posted by DigiNomad on 22nd of Aug 2022 at 03:54 pm
NYMO / NAMO - welp, this conversation coaxed me out of my 100%
short positioning. Haha. Now I'm only about 75% short. Here's the
trade I just put on (not adjusted for size). I like the
technical levels implied by this also, or I wouldn't have done the
trade.
I guess the market didn't
Posted by DK on 22nd of Aug 2022 at 03:18 pm
I guess the market didn't care if the NYMO and the NAMO closed below their lower Bollinger bands on Friday!
remember the stats - at
Posted by matt on 22nd of Aug 2022 at 03:22 pm
remember the stats - at times you can have as many as 3 or 4 consecutive days in a row. I've posted a table of stats I compiled in the past - for any type of quasi system like that make sure to know the stats, do the work by looking a the past chart
here's the stats I posted in a past - that was just before 2020 but the same thing applies - notice the consecutive days in the column
5 is the most I've
Posted by matt on 22nd of Aug 2022 at 03:25 pm
5 is the most I've seen, 3 and 4 are about as many as you typically get. There was one 5 in 13 years
Tryibg to keep up so
Posted by fredsaid on 22nd of Aug 2022 at 03:38 pm
Tryibg to keep up so today will be 3 and 4 right ?
technically today would be #4
Posted by matt on 22nd of Aug 2022 at 03:40 pm
technically today would be #4 for the NYMO - but only #2 for the NAMO.
the NYMO is a bit weird because it was up on Thur and just barely still closed below the lower Bollinger Band. It could easily have closed above it and you would have only 2 counting today, so to me it's a bit of an odd ball
NYMO / NAMO - welp,
Posted by DigiNomad on 22nd of Aug 2022 at 03:54 pm
NYMO / NAMO - welp, this conversation coaxed me out of my 100% short positioning. Haha. Now I'm only about 75% short. Here's the trade I just put on (not adjusted for size). I like the technical levels implied by this also, or I wouldn't have done the trade.
Yup but Matt and Steve
Posted by retirefire on 22nd of Aug 2022 at 03:21 pm
Yup but Matt and Steve have lots of tools in the toolbox