Tuesday, January 10, 2012

Short #2

The short signal was confirmed. The system is 100% short, averaged in at TNA 48.13. It appears the 50/50 method is going to benefit the system this time, as it improved the cost average by 2.40%.

3:52pm: The system goes 100% short if SPY closes 129.06 or higher. Otherwise, it remains 50% short TNA.
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16 comments:

  1. RealMoneyIssuesJanuary 10, 2012 at 4:01 PM

    Well, all in... I guess we'll see where this rabbit hole takes us ;)

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  2. sgsullivanJanuary 10, 2012 at 4:13 PM

    All in TIVX baby !!! Either hello retirement or greeter at Walmart when I'm an old feck. Thanks for all your efforts - I'm done with stupid buy-n-hold (since 15 years)...If anyones interested theres an automated candlestick analyzer at americanbulls.com, but it's simplistic compared to Mr. J-Traders model incorporating other indices. Best regards and Good luck to all !!!!!!!!

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  3. RealMoneyIssuesJanuary 10, 2012 at 6:52 PM

    Interesting site. I am really curious how their system works and may "test" it for awhile.

    Thanks !!!

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  4. AlgyrosJanuary 10, 2012 at 6:58 PM

    Be careful about americanbulls.com. As far as I understand, their signals are at prices you can't get, so their statistics are misleading.

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  5. sgsullivanJanuary 10, 2012 at 7:12 PM

    Check their history on AGQ (a silver ETF) they turn $100 into $1000 in 2 years with purely candlestick analysis. Some funds seem to do better over 2 year period - I wonder if the candlestick method alone works better with certain waveforms. I wonder if choppy prices negate easy candlestick-pattern development versus smoother but relatively volatile pricing.

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  6. AlgyrosJanuary 10, 2012 at 8:00 PM

    Again, check out their entry and exit prices. From what I can tell, they're retroactive.

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  7. JamesJanuary 11, 2012 at 8:31 AM

    Exactly. Intraday movements in a stock could have you buying and selling multiple times a day just to stay in line with their signal. It's just not realistic.

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  8. samirJanuary 11, 2012 at 9:44 AM

    Hi Nice blog you have here and nice system. I want to go 100 percent in with a portion of my money. When a stop loss is hit, just go to cash? Thanks

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  9. JamesJanuary 11, 2012 at 10:03 AM

    Thanks samir,

    No stop loss on this short trade. The reason being that buy signals come frequently enough in a healthy market environment.

    Check out the link in the upper right for more stop loss info. When there is a stop loss price involved, it never closes out the entire position - just half.

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  10. samirJanuary 11, 2012 at 10:20 AM

    This comment has been removed by the author.

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  11. samirJanuary 11, 2012 at 10:20 AM

    For anyone with a retirement account, they can open a ira with interactivebrokers.com and can trade the same money all day without the 3 day rule

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  12. samirJanuary 11, 2012 at 10:21 AM

    Thanks J

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  13. JamesJanuary 11, 2012 at 3:16 PM

    Bears are weak. I am disappointed. A hold signal is expected.

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  14. AnonymousJanuary 11, 2012 at 3:27 PM

    starting to think this isn't gonna work.. people are gettin short squeezed...

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  15. AnonymousJanuary 11, 2012 at 4:30 PM

    I could be completely wrong... but it looks like this system works well w/ certain types of markets...

    I've got a mean reversion algo of my own... gets creamed in trending markets.

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  16. JamesJanuary 12, 2012 at 10:28 AM

    Then luckily for us this is not a mean reversion algo.

    ReplyDelete

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