Although the EMA's are not close to crossing, I take it the
white dots are showing that there is a PSAR buy signal reversing
the sell trend since yesterday mid-morning. I know this is
not part of the system but seems to add support to the bearish
short term direction of the market.
What I see .. I notice when dots are below on SRS is a small
uptrend while when dots are above its a nice move down. I
know its a mech. system and your correct you trade the
system. I personal passed because I didn't like the current
risk/reward for going long per the dots. A $1.50-$2.50 gain
vs what I want to risk isn't what I'm looking for based on how
LARGE swings have been with SRS.
Thanks for your thoughtful reply. I also did not go long
SRS but the PSAR signal made me feel better about
entering the two mechanical trades.
Incidentally, for members having difficulty getting QLD and SSO
to short, you can try going long QID and SDS,
respectively. I know this is not how the system was back
tested but I have gotten qualitatively similar results with these
substitutions. FWIW.
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Posted by blue on 6th of Apr 2009 at 11:21 am
Although the EMA's are not close to crossing, I take it the white dots are showing that there is a PSAR buy signal reversing the sell trend since yesterday mid-morning. I know this is not part of the system but seems to add support to the bearish short term direction of the market.
Blue, What I see .. I
Posted by cspirit on 6th of Apr 2009 at 11:29 am
Blue,
What I see .. I notice when dots are below on SRS is a small uptrend while when dots are above its a nice move down. I know its a mech. system and your correct you trade the system. I personal passed because I didn't like the current risk/reward for going long per the dots. A $1.50-$2.50 gain vs what I want to risk isn't what I'm looking for based on how LARGE swings have been with SRS.
Thanks for your thoughtful reply.
Posted by blue on 6th of Apr 2009 at 12:02 pm
Thanks for your thoughtful reply. I also did not go long SRS but the PSAR signal made me feel better about entering the two mechanical trades.
Incidentally, for members having difficulty getting QLD and SSO to short, you can try going long QID and SDS, respectively. I know this is not how the system was back tested but I have gotten qualitatively similar results with these substitutions. FWIW.