John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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Davy Crockett

To: Davy Crockett who wrote (17814)	3/4/2016 1:49:04 AM
From: John Pitera	1 Recommendation of 33421

DC, I was getting pretty hyper positive on crude and equities at the very start of the day on Feb 16th... the first day back after the 3 day President's day holiday. I was for me pretty euphorically bullish from a trading basis at 3 AM on Tuesday Morning. We had a daily momentum buy in Crude.... and in a number of other US indicates. Message 30459526 we pulled some of the positions down that morning even without the stop loss getting hit.. Luckily we use stops that we don't readjust..... they either get hit or the position stays on with a rising Stop on the mechanical /Algorithmic systems Feb 16th was a good example of me posting to much short term info...... from a psychology point of view it makes sense that I said what I said in the follow up posts as the psychology of the market has to have the vast majority on the wrong side of it at turns. just as an aside the big 3 currencies are acting much more statistically normal the past 8 days the GBP has different circumstances JJP

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