for that system it is. But again it's not a system I have stats
on, visually it's been good, but I haven't tried to compile stats.
And regarding the whipsaw confirmation, it's give an take, what I
mean is that waiting for the confirmation gives you worse prices,
but also filters out some bad signals. This time around I was
thinking that a selloff was away overdue and that NOT waiting for a
confirmation would have been warranted, which means one would have
shorted yesterday close or this morning open, which in hindsight
obvious better than waiting for close today.
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NYSE 9 EMA system
Posted by matt on 4th of Apr 2024 at 04:38 pm
$NYSI - Chart Link- fell below that candle low, crossed below the 9 EMA yesterday
Matt - Would you call
Posted by skitexas67 on 4th of Apr 2024 at 05:32 pm
Matt - Would you call this an "objective Short" based this system? Thanks!
for that system it is.
Posted by matt on 4th of Apr 2024 at 06:10 pm
for that system it is. But again it's not a system I have stats on, visually it's been good, but I haven't tried to compile stats. And regarding the whipsaw confirmation, it's give an take, what I mean is that waiting for the confirmation gives you worse prices, but also filters out some bad signals. This time around I was thinking that a selloff was away overdue and that NOT waiting for a confirmation would have been warranted, which means one would have shorted yesterday close or this morning open, which in hindsight obvious better than waiting for close today.