Matt, How to you buy

More system stats

Posted by jlevinthal on 11th of Nov 2019 at 04:35 pm

Matt, How to you buy and sell options with the ES closing time after the options buying time

AMTD .... if you are still long, probably a great spot to tighten up stop or get out .... what a run !   Getting pretty much to it's  full 61.8% fib retracement and it's 50ma 

yep the pm stuff is at an area where it may bounce and give a trade, though I still think we need to see some of the excesses worked off in the COT area. However if one was a scale trader, and had sold back in Aug/ Sep, this probably isn't a bad area to look to start scaling in small

More system stats

Posted by matt on 11th of Nov 2019 at 03:43 pm

Today spent some time adding in the ETF trade % G/L for the ES/SPY systems.  I was only able to complete 2014, 2015, 2016 so far as you know it's time consuming looking up each data point manually. 

For the ETF's I use SPY, SSO and UPRO, and SH, SDS and SPXU for inverse ETF's. 

I'm also doing exactly the same trades as I did for the options therefore the number of trades is exactly the same. for the ETF's I took 100K, and used $8K per trade accounting for a possibility of 12 maximum entries. Anyway you can see that while the returns are quite a bit lower than the options, they still beat the SPX gains for those years.

Note however from the statistics note that it takes you roughly 5-6 times the capital to make what you do with the options.

Will be watching this with interest. Nibbling back at some MGCZ19's right now.



TTD nice move +21 now

TTD Updated View

Posted by steve on 11th of Nov 2019 at 03:17 pm

TTD nice move +21 now

Matt how does the possible

IWM 60 min comments

Posted by amcap on 11th of Nov 2019 at 03:06 pm

Matt how does the possible rally with IWM  jive up with the VIX at a 12 handle with the BB just below?  Just asking.

ewa australia etfmaking a new

Posted by morton7 on 11th of Nov 2019 at 02:29 pm

ewa australia etfmaking a new high today and has a nice 5% yield....

This news came out on Financial times over the weekend. Ofcourse, market reacts to it late. FT is one of the best newspapers I have come across

Nice chart! 

Boeing shares are trading higher

Posted by steve on 11th of Nov 2019 at 12:35 pm

Boeing shares are trading higher after the company said it expects the 737 MAX to resume commercial service in January 2020.

CDE - Silver and Gold

Posted by goldnice on 11th of Nov 2019 at 12:33 pm

CDE - Silver and Gold stock breaking out of this huge {H&S} bullish bottom reversal on the (weekly) chart. 

IWM 60 min comments

Posted by matt on 11th of Nov 2019 at 12:12 pm

IWM - Chart Link - kind of what I discussed on the weekend IWM on the 60 min is interesting, it's been consolidating, could be forming a 4th wave of some sort triangle like pattern and the MA ribbon is pinching along with MACD recycle back to zero.

If the market pushes again and IWM breaks out of the pattern one thing to watch for is a new high then a reversal with a MACD divergence that might finally set up a pullback. Basically another push would be needed to complete that secnario

CORT Udpated View

Posted by steve on 11th of Nov 2019 at 11:34 am

CORT - Chart Link - break and successful backtest and then back up 

NDAQ Updated View

Posted by steve on 11th of Nov 2019 at 11:34 am

NDAQ - Chart Link - nearing previous high 

ACAD Updated View

Posted by steve on 11th of Nov 2019 at 11:33 am

ACAD - Chart Link  - made a new high.  Trim and trail

CMG - Chart Link - logical

Posted by matt on 11th of Nov 2019 at 11:18 am

CMG - Chart Link - logical bounce off the 200 day MA. 

Remember when price has been uptrending a for a long time and hasn't retested a major MA like the 50 day or 200 in months, I find that almost always price will at least bounce off it at least temporarily.  

One could write a scan to look for stocks coming down from a major uptrend and simple place a GTC buy limit order near a major MA. I find the 50 and 200 MA's are best, however in very strong uptrends price will do the same with the 20 MA if it hasn't tested it in a long time. 

SGMS Updated View

Posted by steve on 11th of Nov 2019 at 11:14 am

SGMS - Chart Link - After a parabolic move (profit taking today)

TTD Updated View

Posted by steve on 11th of Nov 2019 at 11:14 am

TTD - Chart Link - reversal candle on Friday and continuation today to upside 

GDX fighting the breakeven level

Posted by steve on 11th of Nov 2019 at 11:00 am

GDX fighting the breakeven level with Gold Smashed - continue to monitor

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