I'm not Matt or Steve, but you said it's close to being
breached. Remember that every trendline is close to being breached
right before a trendline bounce, and that's usually when
you want to be in. So, based on your chart (which is nicely drawn,
by the way) I don't see any reason to stop trading this thing now
UNTIL you see it breach that trendline. For all we know, the
system's equity curve could bounce here and deliver gains for the
rest of November, which you would miss out on. I would be hesitant
to have mine on after a breach of this line, but I would be even
more hesitant to turn it off before the breach happens. But it
won't be long before you find out either way. Just my
opinion.
Yes the system is down this month. However also be careful
about over analyzing.
You can draw a small downtrend line, but it's small! So if
you feel the need to turn it off, then do it, do what makes you
feel comfortable, then if it breaks the trendline, turn it
on. That trendline is pretty small. If you want to turn
it off go ahead, do what makes you comfortable. then follow that
downtrend line
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I'm not Matt or Steve,
SRS Swing #2 - Equity Curve
Posted by user32 on 12th of Nov 2009 at 10:54 am
I'm not Matt or Steve, but you said it's close to being breached. Remember that every trendline is close to being breached right before a trendline bounce, and that's usually when you want to be in. So, based on your chart (which is nicely drawn, by the way) I don't see any reason to stop trading this thing now UNTIL you see it breach that trendline. For all we know, the system's equity curve could bounce here and deliver gains for the rest of November, which you would miss out on. I would be hesitant to have mine on after a breach of this line, but I would be even more hesitant to turn it off before the breach happens. But it won't be long before you find out either way. Just my opinion.
Yes the system is down
Posted by matt on 12th of Nov 2009 at 11:02 am
Yes the system is down this month. However also be careful about over analyzing.
You can draw a small downtrend line, but it's small! So if you feel the need to turn it off, then do it, do what makes you feel comfortable, then if it breaks the trendline, turn it on. That trendline is pretty small. If you want to turn it off go ahead, do what makes you comfortable. then follow that downtrend line