The Trend/Osc system is designed to ride trends, not for day trading. As such, it needs to somehow distinguish between retracements in an ongoing trend and changes in direction that establish a new trend. My general rule of thumb is that any signal given more than 48 hours or at a distance exceeding 2 ATR's from the start of a trend should be treated as a change in trend and should therefore be traded, if it doesn't meet one of these parameters the signal should be ignored. Last night the Trend/Osc generated a sell signal @ 11 PM (CST) which was less than 48 hours from the start of the trend at last Friday's lows, so the price activity is considered a retracement. However, given the poor entry execution on the long ES's from yesterday I decided to move the stop up to the entry point @ 1115.00 without a reversal order, i.e. it's a straight stop rather than a stop & reverse. If stopped out I will rely on the 30 minute V Stoch to possibly re-enter on the long side of the market.
