Posted by James_Roe on 28th of Feb 2023 at 06:44 pm
Sorry miss communication between Matt and I, thought he would be
back by now.
One of the Bear Long systems has taken a second entry at
3969.50, it's the less profitable version though, and we're only
tracking one of the two.
If you think it's going to go higher here you could take a
full second entry, or if you thought there was still downside you
could either wait for the other system, or take a half entry here.
I've attached stats from both versions to help you
decide.
Thanks for the information, James. I appreciate the
transparency of the multiple versions; although most of us would
probably prefer a mechanical system that either said to buy or
don't. In any case, I will take a half position (of a second
entry), not knowing any better.
Thanks, James. Time to go have dinner, and get away from
the computer. I have set a limit order for the other half of
the trade at 3955 (the trigger for the more profitable Bear Long
System). Hopefully, March brings a rally so that we can close
out all of the System trades and we can start again with more
definitive signals.
Posted by fredsaid on 28th of Feb 2023 at 11:56 pm
All aboard the 3955 express ! Um where should the
stop loss be ? Helpful post James. I'm a little
concerned about the weather in NY for the next couple days... rainy
days are rarely good for the market and the next full moon isn't
till next Tuesday... oof...if that plays out, get ready for 3rd
entries, and if so, I expect will BEAR fruit.
Sorry miss communication between Matt
Systems Trend/Pullback may trigger today
Posted by James_Roe on 28th of Feb 2023 at 06:44 pm
Sorry miss communication between Matt and I, thought he would be back by now.
One of the Bear Long systems has taken a second entry at 3969.50, it's the less profitable version though, and we're only tracking one of the two.
If you think it's going to go higher here you could take a full second entry, or if you thought there was still downside you could either wait for the other system, or take a half entry here.
I've attached stats from both versions to help you decide.
Thanks for the information, James.
Posted by Ray on 28th of Feb 2023 at 07:01 pm
Thanks for the information, James. I appreciate the transparency of the multiple versions; although most of us would probably prefer a mechanical system that either said to buy or don't. In any case, I will take a half position (of a second entry), not knowing any better.
"I will take a half
Posted by James_Roe on 28th of Feb 2023 at 07:11 pm
"I will take a half position (of a second entry)"
That's probably what I would do to, but want to leave the actual decision up to Matt, who is I think home and should be weighing in shortly.
Thanks, James. Time to go
Posted by Ray on 28th of Feb 2023 at 07:22 pm
Thanks, James. Time to go have dinner, and get away from the computer. I have set a limit order for the other half of the trade at 3955 (the trigger for the more profitable Bear Long System). Hopefully, March brings a rally so that we can close out all of the System trades and we can start again with more definitive signals.
All aboard the 3955 express
Posted by fredsaid on 28th of Feb 2023 at 11:56 pm
All aboard the 3955 express ! Um where should the stop loss be ? Helpful post James. I'm a little concerned about the weather in NY for the next couple days... rainy days are rarely good for the market and the next full moon isn't till next Tuesday... oof...if that plays out, get ready for 3rd entries, and if so, I expect will BEAR fruit.
Full moon isn't till next
Posted by fredsaid on 1st of Mar 2023 at 09:32 pm
Full moon isn't till next Tuesday... more clouds, rain and cold in nyc tomorrow... JS
The more profitable Bear Long
Posted by James_Roe on 28th of Feb 2023 at 06:57 pm
The more profitable Bear Long strat won't be taking a second entry until: 3955.