Remove pivots/clusters - keep commentary
Remove pivots/clusters - keep commentary
I would be in favor of the removal of the GDX cluster chart but am not sure about the commentary.Originally Posted by Billy
As an aside, if you could give the SPY cluster chart regularly and mention a few words on it, on top of the cluster chart and commentary for IWM as you already do, that would be nice due to how many of us are used to watching the SPY closely.
Thank you for considering my suggestions.
Excellent description, Pascal.
Billy,
I consider your daily commentary as a "market awareness" comment and therefore I would also see a lot of value if and when you added other markets from time to time when you feel there is something we must be aware of in terms of S/R clusters. The SPY and QQQQ come to mind as for me they illustrate another "quasi independant" section of the market of different interest to the main IWM sector or Large, Tech, Small Cap.
Pierre
P.S.: Our time is precious and something that keeps bugging me is these posts with long quotes at the end of the message which reappear every single time...! Would it be possible to stop that practice which I feel is a distraction. Now I feel better [lol]
Last edited by Pierre Brodeur; 07-09-2011 at 09:42 AM.
just a quick note on S/R pivot points cluster strength, etc.
It would be great to have information that is obviously relevant to our trading. If the pivot point s/r is of limited relevance to trade the GDX then it would be an advantage not to have them presented...
as a newcomer, I consider all info coming from our "gurus" (Pascal, Billy, etc.) is of relevance for our trading... thus naturally put emphasis on fx. the s/r pp CS for GDX (in case i trade discretionary and not necessarily within the robot framework). Probably - as proposed by others - it would be more interesting to apply s/r pp, CS to major indices (SPY, QQQ, etc.) where close correlation exists between them, and we can use the s/r pp CS info for trading those indices.
Also agree to eliminate the long "quote" entry before a message.... the thread title should be sufficient to follow what is going on...
best, sorensen
"Let me know if the GDX cluster chart and commentary are a distraction."
I'd prefer to keep them.
I believe comments should be about each single robot's logic and then their interaction to reach the optimal portfolio performance.
As Pascal wrote recently, the GDX robot is going to change some of its logic and will be no longer influenced by pivots analysis.
It could be more interesting to have a comment, when useful, about the new robot logic for GDX, instead of posting comments on a logic that it is not going to follow anymore.
Just my 2 cents.
Last edited by roberto.giusto; 07-10-2011 at 02:43 AM.
The GDX chnage will not be "radical", but simple: when a new signal is issued, entry will be executed at the open of the following day.
However, from day 2, the robot will still issue the best R/R buy points based on the pivots.
Indeed, if these buy point are less efficient than the "buy at open", for traders who did not buy at open on the next day, then the best R/R entry is still the best place for entering the trade.
All in all, the change will not be spectacular but only minimal. You will only notice it at the day when a signal is issued, which is not that often anyway.
Pascal
GGT Forum Manager
I prefer to keep both the cluster chart and commentary.
Regards,
pgd
I guess I misunderstood.
If this is the case, then it is indeed logical to have a pivot commentary for GDX as well.
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