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Old 02-27-2007, 02:53 PM
dcpeter3 dcpeter3 is offline
 

Join Date: Jan 2007
Posts: 4
Default So Simple It's Rediculous Exit Strategy

There is an inherent ambiguity with both the entry and the exit strategies. The problem is "when."

The description of backtesting included in the SSIR chapter indicates all activity occurs at the CLOSE of a daily candle. Under this assumption, it is not necessary to watch the charts all day, just a few minutes around the CLOSE time.

The setup description, however, does not refer to time at all leaving the difference between CLOSE and CURRENT time ambiguous.
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