Confusion Only For the Latecomers! July 8, 2011

[Pierre Brodeur]

I also prefer the prudent IWM Robot to the wild GDX Robot. Their combination gives excellent results though.
Pascal

Me too ...! I thank you for your reply Pascal. It is very clear to me now. Given that I prefer to identify new and surf trends, I did not realize (or perhaps forgot) that the robot switches from trend following to consolidation range trading.
It now becomes the user's choice to identify one or the other and to enter the trade on his preferred environnement.

What also threw me off was that Billy publishes confluence pivots every day on GDX and thus, in my mind, it reinforced the impression that these pivot levels had some influence of the robot behaviour (risk management, Expected return probabilities, and so on...) while the statistics tell a different story.

Pierre

[Billy]

What also threw me off was that Billy publishes confluence pivots every day on GDX and thus, in my mind, it reinforced the impression that these pivot levels had some influence of the robot behaviour (risk management, Expected return probabilities, and so on...) while the statistics tell a different story.

Pierre

Pierre & all,

Let me know if the GDX cluster chart and commentary are a distraction. Our common goal is to have the clearest appreciation of the robot trades. I am the first one to be aware of the limited use of the pivots for GDX and it was my conviction well before the robot research started.
I have no problem with dropping the daily cluster chart since it could often contradict the robot decisions.
Just give me some feedback on this.
Billy

[adam ali]

Remove pivots/clusters - keep commentary

[asomani]

Pierre & all,

Let me know if the GDX cluster chart and commentary are a distraction. Our common goal is to have the clearest appreciation of the robot trades. I am the first one to be aware of the limited use of the pivots for GDX and it was my conviction well before the robot research started.
I have no problem with dropping the daily cluster chart since it could often contradict the robot decisions.
Just give me some feedback on this.
Billy

I would be in favor of the removal of the GDX cluster chart but am not sure about the commentary.

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.

[Pierre Brodeur]

Pierre & all,

Let me know if the GDX cluster chart and commentary are a distraction....
...
.. Just give me some feedback on this.
Billy

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]

[sesorensen]

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

[barbados11]

"Let me know if the GDX cluster chart and commentary are a distraction."

I'd prefer to keep them.

[grems8544]

Let me know if the GDX cluster chart and commentary are a distraction.

I prefer to keep both the cluster chart and commentary.

Regards,

pgd