Posted by bpozdoll1717 on 6th of Feb 2023 at 12:10 pm
Thank you. James had said on Thursday it would close on
Friday unless there was a massive move down. No massive move
but glad it is holding. I trust the systems and expect losses
so that is not a concern. Track record speaks for itself.
Posted by crossharry on 6th of Feb 2023 at 12:15 pm
On Friday Matt provided an update to James' comment - here is
the copy and paste of what Matt wrote:
Yesterday James commented on that DVDS trade saying that it was
meeting exit conditions last night, at the moment it no longer is.
That said, I may elect to add some sort of stop using yesterday
prices or I might elect to take off the trade early depending on
what the market does.
as far as this particular system, as I stated I will be
experimenting with some other exit conditions to see if I can
improve that.
also guys the short illustrates my point: for years and
years everyone bugs me, why don't the systems do more shorts? Why
do they take so many more longs than shorts, even in bear
markets?
As I've said - shorts are a real bugaboo. When I did my
extensive testing I found that it was easy to get into situations
where a system would get caught short during a strong rally. MUCH
easier for that to happen than for a long trade to get caught in a
bad decline. Short systems were much more difficult than the long
systems and I had to keep the settings tighter and as a result
there were much less short trades.
Even in bear markets the long systems do way way more trades
than the short systems do
markets do not move up and down in the same way, the psychology
is different, it's not like a Yin and Yan situation where one
behaves opposite to the other: Markets tend to flush down
quickly, get oversold, then bounce as fear ramps up. Rallies on the
other hand can be strong initially (rip your face off rallies) then
price can drift up for long periods of time - it's why topping is
more of a process that needs to develop over time, whereas
bottoming tends to be quick and sharp.
markets trade differently on fear than they do on greed
Still open - says it
ES systems. Is the DVDS system still open or not? ...
Posted by pep8261 on 6th of Feb 2023 at 11:58 am
Still open - says it on the chart in the Systems tab.
Thank you. James had
Posted by bpozdoll1717 on 6th of Feb 2023 at 12:10 pm
Thank you. James had said on Thursday it would close on Friday unless there was a massive move down. No massive move but glad it is holding. I trust the systems and expect losses so that is not a concern. Track record speaks for itself.
On Friday Matt provided an
Posted by crossharry on 6th of Feb 2023 at 12:15 pm
On Friday Matt provided an update to James' comment - here is the copy and paste of what Matt wrote:
Yesterday James commented on that DVDS trade saying that it was meeting exit conditions last night, at the moment it no longer is. That said, I may elect to add some sort of stop using yesterday prices or I might elect to take off the trade early depending on what the market does.
as far as this particular system, as I stated I will be experimenting with some other exit conditions to see if I can improve that.
also guys the short illustrates my point: for years and years everyone bugs me, why don't the systems do more shorts? Why do they take so many more longs than shorts, even in bear markets?
As I've said - shorts are a real bugaboo. When I did my extensive testing I found that it was easy to get into situations where a system would get caught short during a strong rally. MUCH easier for that to happen than for a long trade to get caught in a bad decline. Short systems were much more difficult than the long systems and I had to keep the settings tighter and as a result there were much less short trades. Even in bear markets the long systems do way way more trades than the short systems do
markets do not move up and down in the same way, the psychology is different, it's not like a Yin and Yan situation where one behaves opposite to the other: Markets tend to flush down quickly, get oversold, then bounce as fear ramps up. Rallies on the other hand can be strong initially (rip your face off rallies) then price can drift up for long periods of time - it's why topping is more of a process that needs to develop over time, whereas bottoming tends to be quick and sharp.
markets trade differently on fear than they do on greed
Thank you. Sorry I somehow
Posted by bpozdoll1717 on 6th of Feb 2023 at 12:21 pm
Thank you. Sorry I somehow missed that post. Appreciate you sharing it. My bad.