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
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
no, and why would you
Matt, no short system giving a signal ??
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