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I'm sorry it took so long for me to let you know about this, I've been dealing with a problem with Tradestation since the close, finally got it resolved, I had to uninstall and reinstall the software, pain the ass. As you know the SPY Exhaustion trade closed out today for a nice trade!

Anyway, the Trend/Pullback system triggered a 1st entry long on both SPY and ES. Yes it's after hrs now but ES just reopened about 50 min ago. 

Tomorrow we have the Jobs report and that's going to produce a gap in either direction, so any trade here in the short-term is a crap shoot and I understand if most of you wanted to sit this one ont. 

that said, in order to keep it pure, I'm going to go ahead and issue the trades here for the website at the current after hrs prices. I'm doing the positions 1/2 size however to mitigate some risk, that means instead of $20,000 worth of SPY ETF, it will be $10,000, and instead of 2 MES contracts it's 1 MES futures contract . 

current price on SPY as I type this is 513.47, and on ES it's 5202, I'll use these prices for the spreadsheet 

Also, here's some stats for both systems. The Trend/Pullback is known to sometimes be early and need 2 or 3 entries, not always of course. The max historical draw own on the SPY Trend/Pullback is 11.1% (by the way that trade only lost 3% by the time it closed.  The avg max drawdown is about 3%, see the images

Matt

Providing high quality market analysis with an emphasis on technicals education since 2003.

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