coolhand
Well-known member
This isn't the first time we've had a quick switch. You can't fault the system, but with the IFT limits how do you follow the system when you're out of IFTs?
Active TSPers often runout of IFTs regardless of what strategy they employ. It's impossible to do what we really want to do with our accounts under the circumstances. But I've said many times before that this system will not whipsaw very often, but in the current bullish trend we are in it is entirely possible for it to happen. This is an Intermediate Term system, which means a fast whipsaw is unlikely in a "normal" market. Some folks will want to argue my use of the term "normal", but I'm not going to debate it. When you have >2% moves in the market you will can easily get whipsawed, but who can guess what a market will do on any given trading day, especially when one has a 1200 deadline.
IYB has made an adjustment to the SS for this particular market in an attempt to dampen the whipsaws, but I don't know what kind of adjustments he made. But he will probably have more than one set of parameters now depending on whether we are in a bull or bear market (or normal market, whatever that may mean to any given person).
I will continue to take my chances with the SS regardless. There is no such thing as a holy grail of trading systems.
For now we need to see how this week plays out too. For all we know we could see another 2-5% decline in the market by weeks end. Under that scenario, the system would look prophetic. But I'm not going to shoot from the hip, as the market has a tendency to make everyone look silly who does.
