ugh it's more complicated than that, first it's the 9 SMA, but
also there's as secondary exit of the RVX tagging it's middle
Bollinger Band
again these are beta and the current settings probably won't be
what I'll be using for the final version - I'm running tests on all
of them with some filters I added and trend hold conditions - so
it's all going to change slightly anyway
that said - is it looking to exit today? nope not yet
Thanks. I bought a couple puts, will close one on any further
down move today, then the other I guess I will see, but likely will
set the stop to breakeven once I close the first one. I'll close
them both if price makes a new high today.
no it doesn't, you must be looking at STS 11, that means there
were 11 STS stops in the trend when it was long/active, it doesn't
mean the number of days it's been flat. You can see from the
chart it went flat on June 26th o r27th.
that said - again guys this is where some subjective trading
should come into play. On June 26th the the close was 118.34, the
stop was shown as 118.4 - we are talking about 6 cents there - to
me that's noise. As I've stated I use those STS stops as a guide -
if the stop is getting close I'll go look at the chart on the daily
and 60 min time frames and make a determination if I want to give
it more room or not. For me otherwise $120 stock, to me maybe 50
cents or more would be wiggle room. Also we had the stock a a trade
idea wedge, so it's one I may have just stayed long, which I did.
Also - the systems can sometimes get stopped out on 4th wave
pullbacks, so it's one thing to be cognizant of.
anyway we'll see what the market does this week after the 4th.
If there's going to be a pullback I think it occurs right after the
4th, if not, well the first couple weeks of July are generally one
of the most bullish times historically of the year
I took the GOOG long
Posted by merrill27 on 1st of Jul 2023 at 10:54 am
I took the GOOG long from the alerts, am down 1% or so, where is the recommended stop loss? Thanks
realize that AMZN went long
Posted by matt on 1st of Jul 2023 at 04:59 pm
realize that AMZN went long as well
but, why are you taking these? they are not offical system trades that I'm emailing out notifications for and tracking on the website.
there is no stop, it will exit after a mean reversion back over the 8 SMA
both GOOGL and AMZN longs
Posted by matt on 3rd of Jul 2023 at 04:22 pm
both GOOGL and AMZN longs closed out today for the volatility systems - held for a day basically. IWM went short
I took the short IWM
Posted by frtaylor on 5th of Jul 2023 at 03:46 pm
I took the short IWM trade. It would close when IWM closes below, what, its 8 day ma?
ugh it's more complicated than
Posted by matt on 5th of Jul 2023 at 03:49 pm
ugh it's more complicated than that, first it's the 9 SMA, but also there's as secondary exit of the RVX tagging it's middle Bollinger Band
again these are beta and the current settings probably won't be what I'll be using for the final version - I'm running tests on all of them with some filters I added and trend hold conditions - so it's all going to change slightly anyway
that said - is it looking to exit today? nope not yet
I take that back -
Posted by matt on 5th of Jul 2023 at 03:54 pm
I take that back - it may exit today after all! the IWM volatility system
again looks like that IWM
Posted by matt on 5th of Jul 2023 at 04:01 pm
again looks like that IWM will exit - not confirmed until RVX closes at 4:15. I have to leave taking my car to the shop
Thanks - closed one put
Posted by frtaylor on 5th of Jul 2023 at 04:02 pm
Thanks - closed one put already, guess I'll close the other now.
Considering early-mid July is seasonally
Posted by frtaylor on 5th of Jul 2023 at 04:00 pm
Considering early-mid July is seasonally bullish, and considering the wave count for SPX, I will be keeping a tight leash on the trade.
Thanks. I bought a couple
Posted by frtaylor on 5th of Jul 2023 at 03:52 pm
Thanks. I bought a couple puts, will close one on any further down move today, then the other I guess I will see, but likely will set the stop to breakeven once I close the first one. I'll close them both if price makes a new high today.
Googl shows it being flat
Posted by steverobin on 4th of Jul 2023 at 09:51 am
Googl shows it being flat for 11 days in the table
no it doesn't, you must
Posted by matt on 4th of Jul 2023 at 11:51 am
no it doesn't, you must be looking at STS 11, that means there were 11 STS stops in the trend when it was long/active, it doesn't mean the number of days it's been flat. You can see from the chart it went flat on June 26th o r27th.
https://breakpointtrades.com/ts/view_chart.php?s=GOOGL&g=mega
that said - again guys this is where some subjective trading should come into play. On June 26th the the close was 118.34, the stop was shown as 118.4 - we are talking about 6 cents there - to me that's noise. As I've stated I use those STS stops as a guide - if the stop is getting close I'll go look at the chart on the daily and 60 min time frames and make a determination if I want to give it more room or not. For me otherwise $120 stock, to me maybe 50 cents or more would be wiggle room. Also we had the stock a a trade idea wedge, so it's one I may have just stayed long, which I did. Also - the systems can sometimes get stopped out on 4th wave pullbacks, so it's one thing to be cognizant of.
anyway we'll see what the market does this week after the 4th. If there's going to be a pullback I think it occurs right after the 4th, if not, well the first couple weeks of July are generally one of the most bullish times historically of the year
Yes. Not sure what I
Posted by steverobin on 4th of Jul 2023 at 03:37 pm
Yes. Not sure what I was thinking. Googl seasonally is very strong in July. I am long the stock and call options.