Regarding SRS guys, the mechanical systems told you to sell your
SRS this morning and short it.
6 min SRS sytem is up 14.6% today!!! if you play the
systems, you can't be a deer in the headlights just because of the
gap, follow the system. The SRS swing system also told you to
sell your SRS from Friday and go short,
Just to be clear, gaps don't affect the mechanical system
approach, right?
Even on a gap, you still have to wait for the fast EMA to
cross the slower EMA, yes? For the SRS 15 min (9/39) in
today's gap, the short signal short came at the close of bar
#7, right?
the back testing was done without filtering out the gaps, so the
states are based on every trade and that includes gaps.
Sometimes gaps gave good signals and sometimes they gave bad
signals, however the back testing was done with each signal
regardles if a gap occured or not
so either follow the systems and accept that you will have
lossers from time to time, or trade discretionary. However
the system worked today despite the gap. This chart is of the
EOD SRS 8/71 SMA system
I was out this morning and left TS on automatic trading on the
Simulated account.
It bought URE and UYG while my real account had some leftover
SRS that I kept over the weekend ( even though I have a rule of
100% cash on friday for many months now )
Conclusion: I have emotions --> so down 2K in my real account
and up 2.6K in my automatic trading account but it is monopoly
money.
Posted by junkmaylbox on 23rd of Mar 2009 at 03:42 pm
Matt, did you gapless system tell you to sell or buy the gap
this morning? My conclusion was to sell (based on your explained
logic of that system), and it looks I was wrong. I stayed short for
a bit and then covered that short quickly.
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regarding SRS, the answer was in the mechanical systems
Posted by matt on 23rd of Mar 2009 at 03:31 pm
Regarding SRS guys, the mechanical systems told you to sell your SRS this morning and short it.
6 min SRS sytem is up 14.6% today!!! if you play the systems, you can't be a deer in the headlights just because of the gap, follow the system. The SRS swing system also told you to sell your SRS from Friday and go short,
Gaps and the Mechanical Systems
Posted by pdquig on 23rd of Mar 2009 at 05:13 pm
Just to be clear, gaps don't affect the mechanical system approach, right?
Even on a gap, you still have to wait for the fast EMA to cross the slower EMA, yes? For the SRS 15 min (9/39) in today's gap, the short signal short came at the close of bar #7, right?
bar # 7 looks right
Posted by bkout3 on 23rd of Mar 2009 at 05:31 pm
bar # 7 looks right to me. I traded URE since IB doesn't have SRS shares to short
the back testing was done
Posted by matt on 23rd of Mar 2009 at 05:25 pm
the back testing was done without filtering out the gaps, so the states are based on every trade and that includes gaps. Sometimes gaps gave good signals and sometimes they gave bad signals, however the back testing was done with each signal regardles if a gap occured or not
SRS 6 min EOD system.png so
Posted by matt on 23rd of Mar 2009 at 03:35 pm
so either follow the systems and accept that you will have lossers from time to time, or trade discretionary. However the system worked today despite the gap. This chart is of the EOD SRS 8/71 SMA system
SRS lesson
Posted by cdjd on 23rd of Mar 2009 at 03:52 pm
Matt Don't rub it in
I was out this morning and left TS on automatic trading on the Simulated account.
It bought URE and UYG while my real account had some leftover SRS that I kept over the weekend ( even though I have a rule of 100% cash on friday for many months now )
Conclusion: I have emotions --> so down 2K in my real account and up 2.6K in my automatic trading account but it is monopoly money.
don't worry about it, I
Posted by matt on 23rd of Mar 2009 at 03:53 pm
don't worry about it, I didn't mean it that way.
Just take it one day at a time, the systems produce trades every week, just chuck off today as a crap day if you lost money today
I have them too, I'm not perfect
there is always another trade, don't worry about it
I am not worried..
Posted by cdjd on 23rd of Mar 2009 at 04:00 pm
see my earlier post on SRS where I discuss my previous love affairs with SRS.
There is no such thing as anti gravity in this market so what goes up must come down and vice versa in ETF's
Matt, did you gapless system
Posted by junkmaylbox on 23rd of Mar 2009 at 03:42 pm
Matt, did you gapless system tell you to sell or buy the gap this morning? My conclusion was to sell (based on your explained logic of that system), and it looks I was wrong. I stayed short for a bit and then covered that short quickly.