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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (11638)	1/4/1999 10:09:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

coug, I might have to come out to where the heck it is you are and lay a big sloppy wet kiss right on you man! :) When I apply the system to the beta index and the signal from the beta does not line up with a change in the SPOO signal, best to stand aside. The biggest set of losers (six in a row amounting to over 100 points) is completely wiped out if I use beta to confirm a trade. It doesn't kill every negative trade, but it sure slows them down. The last two whips...BETA is still on a buy from mid-December. Now if I am doing this right, that means I still must take the latest signal to exit a trade, but not to enter a trade (the long from Dec 16th), but unless I get confirmation from the Beta don't take the signal. This would have kept me out of the two whips I just incurred. Basically I think this means the next signal I take should only be a sell side and only when beta confirms the sell...which did not happen with today's sell signal that I missed or yesterday's that I took. The buy today would have been negated as the beta never went sell side first. I still have a lot of testing to do with this, but it may be the missing piece. I don't yet know what it will do to the numbers I have as I would have to redo them all based on the time the beta signal confirms the SPOO signal, but maybe using it as a confirming indication with a bit of creative leeway might now be in order! Thanks! :) -Scott