Hi Esteban. Great name! With names like that, Muizz, Andrzej, Leland etc. on this thread I feel like my name is borning. Kevin...not very unique. At least it's better than Tom. That's only 3 letters! Only thing worse than that would be Bob. That's another 3 letter name, but you can spell it backwards / say it backwards and still be correct <<<g>>>
>>>Thanks for explaining your pivot and break points. I've only been lurking for a few days and now I can more effectively monitor the signals your system generates.<<<
I really have to apologize for being so vague on my system initially. I was in the process of developing it and really didn't want to get too specific until I was comfortable with the results. I guess I was just talking to myself outloud (on the thread).
I'm glad I cleared up alot of confusion. I knew how I used my numbers, but apparently nobody else had a clue what the hell I was talking about.
>>>Would you mind explaining how the resistance/support points cause you to close positions.<<<
As I said earlier this week, I am still working on a strong exiting system. Today I would only have exited in two ways:
#1 we drop below the neutral zone. Then I would switch to puts
#2 we broke through at least two resistance levels, then lingered, and then began to slide back down. A break below res #2 would have triggered a sell signal. Of course if we broke above #2 and stayed there the rest of the day, I would have held my possition because of the strength.
This may still sound confusing, but coming up with the perfect exit is a tad difficult and may take me a little longer to develop.
>>> Today it seems bullish signal was given, then first resistance (955.29) was broken, and then violated, but the pivot held. Still long?<<
Yes, I'm still long, because we are still in a bullish trend.
Hope this helps!
Kevin |
