iv trader wrote
Art , what is the summery so far ? You making money ? I see that RUSS went from -2 to +2 in one day. Went short , cover with loss and went long ? Also , with NASD +2 and RUSS -2 , would you suggest to put a pair trade for such highly correlated entities , or spread should be larger ?
Good luck
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hi iv--
i've been in a financial stall for a couple weeks now, roughly corresponding to the time the s&ps have been unable to take out a high and low established two weeks ago on the same day. as i've previously written, i supply the signals and the historical test results that give give me the faith in them, but i haven't laid out a set way to trade them per se so it's hard to answer specific questions such as your first one. i prefer not to follow indexes if long and short signals are both flashing. In those cases, i try to determine if either the bonds or currencies are more clear cut and if not, I usually sit out the session.
i have offered alternative ways that you could be following these signals mechanically, however. it would be valid to just go with a simple majority of the either-or indicators. you could filter that by not following the signal if the net less-frequent signals (second box) are contradicting.
one thing i have found with these particular signals is that the strength of the plus/minus doesn't count for too much. at +1 seems to be just as bullish as a plus 6 historically.
i don't do any research on spreads. i find myself long one thing, short something related sometimes, but that's only due to following to opposite outright signals.
Good luck back at you
