As you know on Monday the Hi Mid Lo
system triggered a short on ES/MES futures, that system is closing
out here. The system was clearly sensing a pullback and we got
that. It's a reversion to mean system and does not try and hold
trades for bigger trends. That said, if you think the market has
potential to go down from here,
one option you could consider is closing 1/2 and keeping
the other 1/2 with a stop, that way if the market sells
off you still participate in that move. You make your own decisions
as I'm not an investment advisor, but that's one option
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ES hi mid lo short closed out
Posted by matt on 22nd of Mar 2023 at 05:16 pm
As you know on Monday the Hi Mid Lo system triggered a short on ES/MES futures, that system is closing out here. The system was clearly sensing a pullback and we got that. It's a reversion to mean system and does not try and hold trades for bigger trends. That said, if you think the market has potential to go down from here, one option you could consider is closing 1/2 and keeping the other 1/2 with a stop, that way if the market sells off you still participate in that move. You make your own decisions as I'm not an investment advisor, but that's one option