4 new buys today, all bear etfs:
FAZ
SRS
DRV
EPV
stopped out of 3 longs:
JAS
SKS
IT
This transitioning from bull to bear market has been costly for the system. The volatility has caused stops to be hit before targets hit. Could be that I need to find something that tells the system, the trend is long in the tooth, and targets should be closer to the entry price. I did add a feature that calculates the target, based on Average true range ATR, based on the most recent pivot low rather than the entry price. This would take into account late in the move entries.
at any rate.. I have two gold longs (miners and the metal), one euro short, 3 market bear etfs, two R/E bears, and one bank/financial bear. Only 3 longs.
Monday, June 7, 2010
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