- Rank: 27
- Followers: 43
- Votes: 968
- Years Member: 17
- Last Update: 22 September 2020, 10:26
9-17. No new signals
9-18. I am giving serious consideration to trading nothing but SPX and maybe NDX because this thing works so much better trading SPX. That means that I would dump all of my charts EXCEPT SPX. Maybe I would include a weekly chart, daily chart and an hourly chart and get rid of the weekly approximations on the daily chart? What do you think?
No new signals today
Its Saturday. I hope you find the new list better. I know that the charts need to be simple and easy to read but I am not very creative.
I have decided to add another restrictive criteria to my bullish buy scan. I prefer to back test this kind of idea back 10 years, thats as far back as the scans will let me test. I am going to insist that the open be less than the close by .5%. I have tested only two years back. I hope that this new restriction will help to eliminate some false signals like I saw last June. June 16th and June 22nd.
9-21 No new signals
9-22. No new signals. I still believe odds favor a daily close below the 100SMA before she starts another rally.
In this example I had 8 winners long and 6 winners short . I had 3 losers long and 3 losers short . In real time, most of the losers were actually about break even but my signals are daily so not valid until EOD. The first two long trades actually began November 7th 2016 and finally concluded on February 5th 2018, I took partial profits several times along the way.
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