- Rank: 27
- Followers: 42
- Votes: 961
- Years Member: 17
- Last Update: 20 September 2020, 11:28
9-16. Only 30 minutes into the day and I have buy signals for INDU, SPX and IWM. If price holds right here or rises, I will lock in the buy signals. If price falls from here like it did yesterday, the signals may unfold again.......With about 40 minutes left today, I have no new signals but SPX is right there.
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.
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