Thursday, September 1, 2016

NKE Babysitting your positions, and using the hourly evolution system.




Had you picked a random point to buy or sell on that day, and got out right now, you'd make just a little money.  The bearish hit was on the 26th, but it was hourly bullish most of the day.  So if you were also using the hourly you'd have waited until the very end of the day or at worst, the open of the next day.  At BEST, you'd have known this was sending early warning signals, and gotten in on the 24th or 25th based on the hourly. 

The real key is the exit point.  This was flashing an early warning as of yesterday.  There was a clear buy signal early this morning.  Using that exit would have "lined your pockets with cash" as Mannarino says.  It's looking like it might flip back to a sell on the hourly, and the daily didn't go quite to a buy, so maybe another exit opportunity like that one will exist, but maybe not.  I'm leaving it in for the evolution system grading purposes.

SO, from now on this blog will use the hourly in some capacity.  I'm thinking use the hourly to buy after you already have the daily buy or are expecting it, and get out if you get a strong signal on the hourly contrary to your position.  Since it wasn't in place before I can't retroactively use it to the advantage of this position.

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