Matt, no short system giving

    Posted by raymuy on 9th of May 2024 at 03:55 pm

    Matt, no short system giving a signal ??

    no, and why would you

    Posted by matt on 9th of May 2024 at 04:27 pm

    no, and why would you think they would?  really the only systems we might see trigger is the breakout system (60 Stochastic short a maybe if we saw a reversal now, but will be negated soon, read below

    almost all the mean reversion systems systems need to have price either below the 200 day MA or some major MA downtrending along with price, then they look to short bounces

    the 60 Stochastic systems could short while price is up if that stochastic reverses off the underside of 80% - that one theoretically is possible as 60 Stochastic is at 79%, HOWEVER price needs to reverse down right from here to trigger

    the exhaustion shorts can trigger in strong markets, but again they are extremely difficult to trigger price needs to be uptrending for a long period of time above short term MA's - which we we saw the last exhaustion short trigger in late March after such an extended run from the Oct lows. But since that time price recycled went below the 50 day MA etc, so those conditions are reset - you have to be trading above the 8 day MA for like 30 bars at least, price has been above the 8 MA for 5 bars only

    This post would be funny

    Posted by DigiNomad on 9th of May 2024 at 03:57 pm

    This post would be funny with a picture of Janet bent over laughing :) 

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    Posted by mla127 on 9th of May 2024 at 04:01 pm

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