Posted by DigiNomad on 14th of Mar 2023 at 02:12 pm
SPY System - would it still close out if the market closes
negative today?
FWIW, I took off half after price blew through a demark 13
and printed a bunch of A's, and stopped out of the rest shortly
after that for a nice 1 day gain. Just curious about the mechanics
if I would have held.
Posted by crossharry on 14th of Mar 2023 at 03:27 pm
Matt describes it as follows in a post on 28 Nov 2022:
"The A's are pretty good, Amateur buying at tops, and Amateur
selling at lows. Basically it's volume declining and smaller size
prints in volume as price goes up or down; for example in an
uptrend when price gets exhausted, you get the late buyers,
typically individuals who trade small size few hundred shares, not
institutions who are large prints. During downtrends you get the
very late sellers or shorts who are selling very oversold
conditions."
SPY System - would it
Posted by DigiNomad on 14th of Mar 2023 at 02:12 pm
SPY System - would it still close out if the market closes negative today?
FWIW, I took off half after price blew through a demark 13 and printed a bunch of A's, and stopped out of the rest shortly after that for a nice 1 day gain. Just curious about the mechanics if I would have held.
Where can i read about
Posted by kingpin15 on 14th of Mar 2023 at 02:15 pm
Where can i read about the A's? Impossible to search such useless depiction as "A"
Matt describes it as follows
Posted by crossharry on 14th of Mar 2023 at 03:27 pm
Matt describes it as follows in a post on 28 Nov 2022:
"The A's are pretty good, Amateur buying at tops, and Amateur selling at lows. Basically it's volume declining and smaller size prints in volume as price goes up or down; for example in an uptrend when price gets exhausted, you get the late buyers, typically individuals who trade small size few hundred shares, not institutions who are large prints. During downtrends you get the very late sellers or shorts who are selling very oversold conditions."
Search for amateur; that should
Posted by patellee on 14th of Mar 2023 at 02:19 pm
Search for amateur; that should do the trick
this fn guy
Posted by kingpin15 on 14th of Mar 2023 at 02:39 pm
this fn guy
Sorry, but i am not
Posted by patellee on 14th of Mar 2023 at 02:47 pm
Sorry, but i am not being sarcastic. "A" stands for amateur and if you do that search you will find Matt and others explaining it.
Oh, I get it. I
Posted by DigiNomad on 14th of Mar 2023 at 02:48 pm
Oh, I get it. I thought you were suggesting a Google search. Didn't think about BPT search. Makes sense.