60 min ES

perfect rally from that MACD divergence and also that support cycle lined up perfectly there

https://www.tradingview.com/chart/epRziFih/ 

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Youtube Video Thursday May 30th, 2024      - watch in full 1080 resolution on tablet or desktop NOT your phone

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Newsletter Thursday May 30th  standard Webpage Format  - contains all the dynamic chart links

No it ended up NOT triggering!

$INDU - Chart Link- triggered last week of course

SDOW - Chart Link- triggered last week

$SPX - Chart Link- this triggering slightly this week over last weeks doji

SDS - Chart Link- this one triggering this week as well, stop is the doji lows

like I said - do what fits you best. such as doing nothing or adding some SPY to average down. What I'm saying is that I don't think it makes a lot of sense for someone to sell all their SPY just to buy it back again.

But for the website, it's just easier to close those out on the table and denote the error on the side notes, and track the new actual trade.  And again those $10K sizes only resulted in about a $51 loss each, very tiny - though I realize that everyone takes different sizes, some may have entered less, and some may have bought 10 times more

actually just to make it easier I'm closing both of yesterday's trades out, with the $10K 1/2 size entry for each it's only $51 loss on each system trade, big deal. It's easier this way for me for the trade table. For folks who took yesterday's trades, it probably doesn't make sense selling all the SPY and then buying 20K SPY, so one option would be to do nothing, or add $10,000 SPY, this table shows what I did

And there's also going to be an MES Trend/Pullback trade once that bar closes

also just look at the DELL chart - it's not like it was oversold, it was priced to perfection, parabolic, that was one no way I would have taken a chance long on earnings

Man haven't had this happen in a long time, anyway regarding the mean reversion systems. I did a refresh of the SPY data, and it appears that price adjusted slightly (maybe the exchange changed a data point), anyway the short story is that the refresh in data caused the two SPY systems that I send out trade notifications for yesterday QE MOMO and Strap no longer show entries!  Of course since I issued those we are stuck with them. 

Now, new systems: The Trend/Pullback triggered a 1st entry today on SPY. The Trend/Pullback is also going to trigger a long on MES futures. 

so what do we do with yesterday's SPY positions?  

I'll going to close one of them from yesterday, let's say QE MOMO.  And with the SPY Trend/Pulling having gone long, I'm add $10,000 SPY ETF to one of the open trades. 

sorry about that guys - the annoyance of Tradestation.  Going forward I'm going to have to refresh the data each time a trade shows up just to make sure its real.

see the two images: The first one is from yesterday showing all the SPY mean reversion long systems, you can see the 2 systems that went long

the second image shows that same workspace, notice those trades are now gone!  Of course today you have the Trend/Pullback, which is real

man beyond frustrating

YINN - Chart Link bounced off the bottom off that demand zone

$VIX - Chart Link- still need the VIX to fill that gap, and currently has a bull flag look here

took your ADBE chart, there's a small demand zone below. Clearly the bigger one is below around that larger price by volume bar should it fail

AAL - Chart Link - ugly

CRM - Chart Linkhere's a weekly chart, note there's a big demand zone just below. Also the 61.8% Fib happens to reside right in that zone

SPY - Chart Link after filling that open gap logical bounce

note: I edited that last post and added some additional info, so you may want to refresh and read it again

the tables I made in the Google Spreadsheets are not fully updated for this year, I have to manually add data, takes time. I can add some tables here now but realize they were last updated maybe a few months ago.  Also, some of the stats look lower this year than they actually are - what I mean is: The way Tradestation computes annual gains: let's say you have a system trade that went long on Nov 1st of last year, and that trade was held until Jan 20th. Well, what Tradestation does for the new year is uses prices from the opening of January 1st - even though the trade entry occurred on Nov 1st - so this Nov 1st to Jan 20th trade could be a massive winner, but by taking the Jan 1st prices for computing the gains for the new year, that trade might show as a loss for the year.  Again it makes sense what they are doing to compute annual, but it also can cause some confusion such as: why is SPY 78 min only up 8.5% for the year when SPY is up 10.6%?  Well the 78 min had a trade from late Oct that held over through the new year, but for the new year Jan 1st prices may have made that % showing for 2024 lower, even though the trade was entered in Oct.  By the way SPY high performance 195 min shows up 11.21%, SPY 130 min shows up 9.8%, SPY 78 min show sup 8.5% for the year. 

how I personally trade them? I have somewhat of an edge because I have them fully automated, not just the futures KISS (MES, MNQ, MYM, MCL, MGC) but these ETF's and individual stocks. Tradestation takes the trades for me, sets the stops, moves the stops, exits. I do have to babysit the stocks and ETFs automation because while the high performance KISS systems are lower time frames over the daily (30 min, 60 mn, 78 min, 130 min) which many of those trades occur during intra day where they will execute - if one of the system trades happen to be on the closing bar at 4:00 the trade will not execute because the bar is closed (and it won't enter in after hrs) so when that happens I have to manually enter - not a big deal.  

The other issue I've had with TS is that at times randomly some of these charts stop updating!  If you refresh the chart it works again but I've had 60 min, 78 min etc charts just stop updating.  So the other thing we had to build in was an alert SMS system to us Admin that tells us when one or more of these charts stop updating, alerts us to go in there and refresh them.  That's a good example as well of why all this has taken so long, all these nuances and bugs and trying to figure out workarounds etc 

long term goal: the long term goal eventually would be to do the long process of eventually converting these systems to Python thus bypassing Tradestation. Obviously we then have to get a data feed/source and pay for that. I would still use TS for some historical data and backtesting etc

$VIX - Chart Link- remember we still have that unfilled gap - that needs to be filled

MSTR - Chart Link