This entry was posted on Thursday, December 27th, 2007 at 1:47 am and is filed under Education, Trades, market commentary, system trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
From out original list of ETF’s that triggered 6 days ago another one has triggered an exit. The difference with this one is that it is exiting on the Ultimate Oscillator crossing 50. Remember the exit was one of two scenarios. Whichever triggered first. In this case it was the Ultimate Oscillator crossing 50 before nailing the 3% profit target like the first few exits. It is presently up 1.67% and would be sold at tomorrows open.
Have a Great Night!
Dave Johnson
December 30th, 2007 at 1:21 pm
What were your parameters for the Ultimate Osc? I’m working on a system with this as a starting point, but I’m not getting similar readings with the Osc.
Thanks!
/d/
December 30th, 2007 at 5:53 pm
Damian:
The default settings in WealthLab are 7,14, and 28 period. The only difference beyond that would be in the data itself. I am sure your close enough though. The point is to start buying in the under 20 T2108 area. Whether the reading is 19.9 or 20.1 on the ULtOsc is of a much lesser significance.
http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/getdoc?id=167
Are you using WealthLab? Just email me and I will email you the code and the specific settings for individual stocks and ETF’s.