13 replies to this topic

[GOOSE2]

I also have ES 1436 as support FWIW

[TradeMark]

dc What are the buy/sell and trading rules of this RSI2 system which has issued a sell? Guess I am not clear on whot consitiutes a buy/sell and when the trade would be made? thanks TM

[dcengr]

dc

What are the buy/sell and trading rules of this RSI2 system which has issued a sell? Guess I am not clear on whot consitiutes a buy/sell and when the trade would be made?



thanks



TM

For this particular system, the rules are:

RSI2 > 80, 90, 95 for the 3 days.

Short on the day its over 95, then cover when below 65. Its a short term signal. You may wish to carry it to RSI2 < 30, which has worked OK for this leg.

But again, the recent drop and recovery is high sigma event, so its applicability here is not certain.

[jjc]

For what it's worth: I have a strong sell signal active on ES; Target around 1436.5 - 1427.50; And I am actively in the trade.

With this particular signal, after the trip down, things are typically a solid buy.

For what it's worth: I have a strong sell signal active on ES; Target around 1436.5 - 1427.50; And I am actively in the trade.

With this particular signal, after the trip down, things are typically a solid buy.

typo (freudian?): that is 1436.5 - 1437.5

Officially this trade is closed out with a few pts profit; 20 ema on 30 min bar climbing quickly and
the 50 dma provided strong support (pretty bullish here) consolidation nearly complete.

Failed to meat profit target however.

Have not figured out the overnight trade yet, so I have not pulled the trigger but have a type trailing
stop;