Hi Everybody,
A question I get a lot is how to handle an “opposing signals”. For example, you were short from the TS3 sell in the 3min YM, then a valid TS3 buy came up, what do you do ? Well, this is where an idea of the “larger degree trend” comes in. Normally I would suggest that the signal that is “with” the larger degree trend has preference. But, for those of you who have been following this Blog for a while, will know that the “day after” a big move can be choppy, with narrow ranges, so can just drift sideways, just like Friday !
So in day like this, “Stop and Reverse” at valid opposing signals is OK, but just be careful and keep stops close, as a horrible choppy day was expected.....
Thanks, Steve
A question I get a lot is how to handle an “opposing signals”. For example, you were short from the TS3 sell in the 3min YM, then a valid TS3 buy came up, what do you do ? Well, this is where an idea of the “larger degree trend” comes in. Normally I would suggest that the signal that is “with” the larger degree trend has preference. But, for those of you who have been following this Blog for a while, will know that the “day after” a big move can be choppy, with narrow ranges, so can just drift sideways, just like Friday !
So in day like this, “Stop and Reverse” at valid opposing signals is OK, but just be careful and keep stops close, as a horrible choppy day was expected.....
Thanks, Steve
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