Hi Billy,
Do you trade both robots or just the IWM Robot? How are you allocating yourself?
As you've alluded to before, I sometimes find the movement of GDX very random and hard to understand, even in light of pivot-based and other support/resistance clusters. Perhaps this is because few professionals trade it, based on what you've mentioned.
aly,Originally Posted by aly
Pascal is trading heavily both robots. I mostly trade TNA and TZA, based on the IWM robot signals, but I can take up to 25% of my portfolio on selective strong buy GDX robot signals. TNA and TZA is not well suited to everybody, since an IWM drawdown of 10% can easily turn into 33% or more with TNA/TZA. I refer to 10% because it was the maximum drawdown of IWM in the backtest when using a fail-safe stop in case of volatility extremes.
You are correct, GDX is an amateurish instrument mostly driven by emotional investors who don't care at all about pivots and floor levels. Market makers tend to follow the crowd instead of leading. When they get short on inventories, they simply manufacture a huge gap up or down to panic the same crowd into reversing their position. On those occurences, multi-pivot do matter for a few days. Here the precious metals sector MF is much more effective than my own pivot methodology for exceptional returns. But the optimal trailing stop risk management is the same for both robots.
Billy
Billy
Billy; Your A&E chart using the IBD data spurred me to look at the Russell 2000 in HGSI as many of us are following the IWM Robot. The changes yesterday to today are interesting.
6/27; A: 4.88%, B: 16.74%, C: 32.08%, D: 37.88%, E: 8.42%
6/28; A: 7.14%, B:19.27%, C: 31.88%, D: 35.27%, E: 6.44%
There was a A-E crossover today.
Change
A: +46.31%
B: +15.11%
C: -0.62%
D: -6.89%
E: -23.51%
Attached are the %AD pie charts which make a lovely visual.
Best regards,
Robert
Thank you Robert, very interesting visual chart indeed.
However, I don't have any crossover yet and my percentages are much different.
I cancel from my database all securities that don't have any IBD composite rating. This eliminates all the miscellaneous junk or over 15% of the total IBD database. I also don't require any minimal price or volume like you probably do.
Here's a snapshot of my numbers and a 3D chart for the last 21 trading days.
Billy
Hi Billy, I'm a new member and inexperienced. I have a dumb question, what do MPP, YPP, WPP, WR2, QPP, QS1, WS1, MS1 represent. I assume some multiple pivot points or???? Do you have a recommendation where I can learn about these things??
thx, buzzman
Yes, I also apologize and would like to know more about some education on the terminology used in the forum too.
There's no need to apologize. Please refer to my introduction (initial post) here:
http://www.effectivevolume.com/showt...ast-Resistance
Billy
Thanks, much appreciated!
being a new subscriber too, I would suggest that a "subheading" is developed on the site which would include abbreviations of terminologies regularly used on the site. ... Generally we know what LEV, SEV, LPS, LER, TER, AB, UB, etc. stands for... but would nevertheless be great to have them listed in one location.
And apart from that definitions of those key terminologies used would also be of great help ... fx. we may know that when LER>100 accumulation is higher than previous historical accumulation, and that TEV status is basically valued on 4 different statuses: strength average TEV (above and under 50 respectively) and Extention TEV (below -10% and above 10%, respectively), etc. ....but info and definitions are scattered all over and not always easy to access... this includes the search option, Pascals informative and educational pdf files produced since 2009 and recently Pascals 13 June Comments which also (to me) provides new insights and clarity on regularly used terminologies. It would be indeed very helpful if such a tool could be posted and updated on the site.... possible?
thanks for your excellent services...
sorensen
We take good note of your proposal. Pascal is working hard in deep robot research and implementation of the RT 20DMF to help us all to make even more money safely. I'm afraid your request may languish in the never ending "to do" list. Any volunteer in this group to create such an abbreviation list is most welcome. That's an excellent way to review the content of this website over the long weekend.
Billy
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