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Re: CITYHAWK post# 20379

Saturday, 10/05/2019 6:03:54 PM

Saturday, October 05, 2019 6:03:54 PM

Post# of 31129
I couldn't find the rules either, so here they are. These are just a basic set and others could be added. Jaws uses a little different set.

Long
If M65 (MACD 65,90,10) is flat or rising
then high of the last 2 days. (I adjust the high if the wick is really long)

Cash
If close is less that 10ema
then set stop at low of the day (again I adjust the stop if the tail is very long)

I consider the M65 rule key. If you look at 4Q18, you will see it kept one out of the market all the time the market was falling even though there were a lot of buys signals if just using the rule of buying at the high of the last 2 days.

So I did not buy Fri at the high of the last 2 days, because of the M65 rule. Was it the right move, time will tell.

SPY-RSI

Trade the Charts and not the Heart - Expect the trend to
continue until it doesn't - Realtime is the real deal

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