on V going back long, you guys also need to consider other
things like, the system just was long V from Nov 1st to April 4th
and locked in a great swing trade. Odds are always not as good for
another big winner after it just captured a big trending move.
Again you never know, but generally the way a lot of trend type
systems work is that they don't often capture two big winners in
row - because of how the market works, the market tends to
trend/consolidate/trend/consolidate.
that said - honestly it's not a bad entry consider price is only
1.36% away from the STS stop, that's pretty tight to be honest, and
for those of you who tend to bitch that price is too far away
from the STS on new triggers, that is not the case most of the
time, some of the time yes
on V going back long,
Go V with the counter-trend buy signal! Not in it, ...
Posted by matt on 12th of Apr 2024 at 10:06 pm
on V going back long, you guys also need to consider other things like, the system just was long V from Nov 1st to April 4th and locked in a great swing trade. Odds are always not as good for another big winner after it just captured a big trending move. Again you never know, but generally the way a lot of trend type systems work is that they don't often capture two big winners in row - because of how the market works, the market tends to trend/consolidate/trend/consolidate.
that said - honestly it's not a bad entry consider price is only 1.36% away from the STS stop, that's pretty tight to be honest, and for those of you who tend to bitch that price is too far away from the STS on new triggers, that is not the case most of the time, some of the time yes
Good point, and it was
Posted by mastermind on 13th of Apr 2024 at 01:39 pm
Good point, and it was also high volume. But I won't be taking it with is sitting under all of the MAs.