the call is 70% short EM and 30% short rut.
I will trade at 90%.
The EM call has the bias.
I will update nearer close.
the call stands.
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About Me
- Forecaster
- I originally developed this stock market timing system to trade leveraged mutual funds within a retirement account. It appeared that traditional "buy and hold" strategies would not generate the returns I desired in the time frame I needed. I wanted a mechanical trading system that took the emotion out of making decisions about the future moves of the markets. This system gives a "end of day" call for the next days market direction. On some days it requires some input from the trader as the signal may be dependent on the closing price of a particular index. It can be traded using etf's or mutual funds. This blog is for entertainment purposes and to track the development of this system. It is not intended to be used as advice. Use at your own risk!
I was going thru some old messages on the poor2 rich site where you used to post about the system and was trying to find out whether there is any change in procedure when the close is on/near a pivot point or S/R level. I was not able to find anything - just wondering if the strategy does any thing different on these days. Unfortunately it seems like it would be hard to determine which direction the mkt will go in, any thoughts appreciated. thx
ReplyDeletelove the spam job busy! NOT!
ReplyDeleteGood morning, I have been enjoying the spring weather and doing a little gardening. As to what to do when the call is near a system pivot point at market close.....You could reduce exposure or go to cash. My thoughts on the matter are that when the system is doing well, then following the call should enhance returns and when the system is not then reducing exposure could help.
ReplyDeleteUsing the closing price on these days made it difficult to trade,especially with mutual funds that have a trade cut-off time before market close... so I recently instituted the rule to use the 3:50 price to make a decision. This situation should not occur on too many days during the year.
However, I have noticed that on at least two occasions this year the closing call was correct and the 3:50 price was not...this was on days of larger moves....so depending on what you trade...i.e. etf's you could use the actual closing price to trade on. Days when this is a problem are generally not frequent.