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Thread: 20DMF Buy

  1. #1

    20DMF Buy

    A buy signal was issued intraday.
    This trade is protected by a close intraday below -72

    Pascal

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  2. #2
    Correction: a close below -70 or an intraday move below -72 would forced the 20DMF RT to move back to a cash position.


    pascal

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  3. #3
    Join Date
    Dec 1969
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    Long Island, New York
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    515

    Position

    If I understand this correctly, it's now in cash. Right?

  4. #4
    Yes. The Buy trade was protected by the "-70" level.
    Hence, since we closed below, we are back to a cash position, waiting for a new buy signal.

    A buy signal would be issued intraday if we cross 5 points above the lowest point since we crossed back below -70.
    A buy signal would also be issued if we close 3 points above last close of OB/OS


    Pascal

  5. #5
    Pascal; When there is an intraday buy that has triggered could we have the entry price so that if we miss it at the moment of execution we can enter a limit order at the same price?
    Thank you.
    Robert

  6. #6
    Quote Originally Posted by brrim View Post
    Pascal; When there is an intraday buy that has triggered could we have the entry price so that if we miss it at the moment of execution we can enter a limit order at the same price?
    Thank you.
    Robert
    Yes. We will add the entry price.


    Pascal

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