Yes the perfect stop loss is suggesting that the close on Fri. for the
daily sp500 is on an official sell,
the problem is that the buy stop if you are short into Monday is at
868.15,
and the lowest line is at 861.7
suggesting to close 50% of your shorts there,
and the other 50% of shorts close between 855-857,
the profit taking index is also suggesting a SHORT term bottom 7-12 points
lower!
However the long term trading (gif long33103) is suggesting a SOLID bottom
is about 50-60 points lower
nice week
Ben
home of the perfect stop loss
free to els and eld NOT to ela
profitok@xxxxxxxxxxxxx
(attach see how it looks in trade station which is thanks to the excellent
work by Gene Pope)
notice the conservative buy on qqq when it traded under the lowest line
and the conservative short when it traded close or above the highest line
Subject: Re: trade station/3 indicators
> Ben - your LMN study seems to be saying the SPX wants to turn down on
> Monday. Perhaps I'm not interpreting your patterns correctly but I'm
> showing the short term parameter crossing over the midterm parameter to
> the downside and your stoploss parameter set up for a short trade.
>
> Be interested in your comments.
>
> Ned
>
> profitok wrote:
>
> > Hello
> > this is how the finish product looks like in trade station
> > nice week end
> > Ben
> >
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