Tuesday, December 12, 2023 12:05:40 PM
Whenever there are multiple closes of price above KC, I take an aggressive cash signal with a close <10ema. It only works (that is prices continue down) about 50% of the time, so if prices start back up, I re-enter with a close back above 10ema.
This time it did cost me 1.1% in gain, but normally I am invested around 125% which more than makes up for the lost.
I have had several situations where I did not take the aggressive exit and I woke up the next day to a really big gap down. My goal is to be aggressive long when market is looking good and conservative when the direction is in doubt.
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This time it did cost me 1.1% in gain, but normally I am invested around 125% which more than makes up for the lost.
I have had several situations where I did not take the aggressive exit and I woke up the next day to a really big gap down. My goal is to be aggressive long when market is looking good and conservative when the direction is in doubt.
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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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