Thursday, May 31, 2012

Both systems hold...

Both systems will remain out of phase, with the JTSystem holding the long position and the CCI remaining short.

This keeps me on the sidelines... Made some good progress on updated CCI system today.

Take care!



May Sigs...


Date
J-T System
CCI System
TNA
Apr 25 HoldShort57.70
Apr 26 ShortHold59.21
May 1
Hold
Hold
May 2
Hold
Hold
May 3
BuyHold56.77
May 4
Buy #2
Cover53.51
May 7
HoldHold
May 8
Half StopHold53.93
May 9
HoldBuy52.90
May 10
HoldHold
May 11
HoldHold
May 14 HoldHold
May 15
BuyHold50.82
May 16
HoldHold
May 17
HoldHold
May 18
HoldHold
May 21
HoldHold
May 22
HoldHold
May 23
HoldHold
May 24
HoldHold
May 25
HoldSell48.34
May 28
ClosedClosed
May 29
ShortShort50.45
May 30
BuyHold47.57
May 31
HoldHold

15 comments:

  1. so the two systems cancel each other out?

    ReplyDelete
  2. Bot back some more of the longs I sold the other day... nice dip-action later this morning, providing a great buying op. That 5/18 Dow washout day is truly key. They probed that lows again, and the mkt reversed sharply, spending only 30min below it. Unless we have some serious oh-shit, they've run out of sellers down there.
    Will finish buying back my longs if we can get a seriously large drop tomorrow, esp on the open.

    ReplyDelete
  3. still at 50% TZA, 50% cash

    ReplyDelete
    Replies
    1. Me too and liking the numbers this morning...

      Delete
    2. If we get a big sell off into the close, I may sell the last of my TZA and sit in all cash until Monday.

      I am really not liking all of the bad news out there and the PPT is just hankering to get the go ahead...

      Delete
  4. I find this fascinating.

    Everyone wants a system. They say they're tired of sweating every trading decision and, besides, over the long run, they're like over 90% of all traders, they lose money.

    So they start following a system. And, the next thing you know, they decide that this call isn't good, or that signal is premature, or something, and they're back to discretionary trading.

    As I've said before, what appears to be ridiculously simple, following a system, is devilishly hard. What is actually easy is making ad hoc decisions. I guess that's the way the human brain is wired.

    ReplyDelete
    Replies
    1. And what system are you following verbatim?

      Delete
  5. Email me at sweenrose@yahoo.com and I'll tell you.

    ReplyDelete
  6. J,

    Any pre-signal info available?

    Thanks!!!

    ReplyDelete
  7. CCI is probably going to a buy today. With the other system on a buy, I'm going long. 200 day SMA should provide a great entry.

    ReplyDelete
  8. Hmmm - today's got the feeling of a washout day to me. Although I think the longer trend (ie. 30 days) remains down. Just sayin'...

    ReplyDelete
  9. I'm long now.

    CCI is definitely a buy signal. So long as this isn't one of those rare losing trades, a long trade should pay off nicely here.

    First touch of 200 day after 5+ months above is almost guaranteed to provide a bounce. That's my thinking anyway...

    ReplyDelete