Billy
05-14-2012, 05:23 AM
We have had the same IWM Robot setup for five days in a row and it has not triggered. We are still waiting in cash for the 3:1 Reward/Risk entry (79.81) to be hit.
14203
The GDX robot is still waiting in cash due to a neutral LT/ST settings combination.
I exited my discretionary long position near the close on Friday when it became clear that large players were not buying below last Wednesday’s VWAP (42.54). There was some encouraging buying at that level soon after the opening bell, but it evaporated into the close. This is a sign that there are no convincing follow-up institutional accumulation programs after Wednesday’s key reversal day.
The RT model is still long and LT/ST settings in case of an intraday signal reversal would prevent me from entering a short position. Such a short RT signal would occur if the PM MF hits the negative porosity (-0.112%).
Billy
14202
14203
The GDX robot is still waiting in cash due to a neutral LT/ST settings combination.
I exited my discretionary long position near the close on Friday when it became clear that large players were not buying below last Wednesday’s VWAP (42.54). There was some encouraging buying at that level soon after the opening bell, but it evaporated into the close. This is a sign that there are no convincing follow-up institutional accumulation programs after Wednesday’s key reversal day.
The RT model is still long and LT/ST settings in case of an intraday signal reversal would prevent me from entering a short position. Such a short RT signal would occur if the PM MF hits the negative porosity (-0.112%).
Billy
14202