Buy on IWM hit at 76.05; I've adjusted the stop to 73.82 accordingly.
Billy, please let me know if this is incorrect. I'm trying to follow your IWM model exactly per your ruleset.
Tim
Buy on IWM hit at 76.05; I've adjusted the stop to 73.82 accordingly.
Billy, please let me know if this is incorrect. I'm trying to follow your IWM model exactly per your ruleset.
Tim
Just to reconfirm the rules, even though the 20DMF is in cash, the Robot is still looking for an entry - long or short. Given the price setup available today and associated rules of the pivot points, the Robot will determine whether there is a 3:1 reward to risk opportunity, either long or short. In the case of today, there was no "edge" on the short side, but there is one on the long side. That's why the Robot is long.
Sorry for laboring over a point that's been well documented here. Do I have this right?
I wasn't questioning WHETHER to enter, but exactly what price to adjust the stop to. The stop is a certain percentage below the entry, and should be lowered based on your actual entry point. I just wanted to know if I calculated it right.
That might also affect the precise stops I place on XLK. I think I might be a few cents off.
XLK hit the stop loss and exited for a 0.20% loss. Will update in a new thread.
Sorry Tim, I missed your post.Originally Posted by Timothy Clontz
Yes, you are correct, the stop today on IWM is 2.925% below entry.
Billy
Quite surprising the sheer intensity of this meltdown.
Posting Permissions
Reply With Quote