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XLE new short
Yesterday the system changed from buy to short for XLE.
If I am "reading" well, the oil futures, USO and SCO are giving mixed signals, while the single energy sectors would seem to be actually experiencing a pullback, but I wonder if it's going to be short lived and if shorting here is advisable.
I also know that if a system is automatic, one should just follow "as is", and I only have a trial position right now, even so I would like to hear some thoughts if possible from more experienced traders.
I also have a little suggestion for the future implementation of the XLX automatic trading: it would help to know if and where the system places its initial stops, in order to calculate the correct risk allocation.
Thanks to everyone and Pascal above all, as I know he is working very hard these days for a service that it's becoming more and more impressive.
Roberto
Last edited by roberto.giusto; 03-23-2012 at 07:01 AM.
Reason: Added risk allocation suggestion
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