3309 Drysdale Ct
Edwardsville, IL 62025
This is great, I'd love to get more Spy trade opportunities
I really like this idea!
Love it!. I think the SSO % gain for the trade is off
PNTG cup & handle look
Click "Systems" and then "Spy". Once on the spy page, click the
Matt is there somewhere that shows how many 1st, 2nd, and 3rd
entries the systems took during that period that you have the stats
for? Trying to tweak my position sizing on the different entries,
incorporating the probabilities of how often each entry
Matt explains what the first alarm price is here.
In summary it is not the price that triggers the trade. Other
than the spy system they do not send out buy or sell prices. The
alarm is set near an area that price MAY break to the upside
for a long or down for a short. Never buy off an alarm, it's purely
a heads up that if you're tracking a potential stock entry that
it's price has hit that alarm price, and it may be in a place to
trigger. The expectation here is that you determine what your
trigger is before price hits that alarm price. The alarm simply
helps you know that price is near an inflection point, and
depending on your criteria to enter a trade, price may be near that
Regarding the second alarm price my understanding is, when they
put a trade idea that looks like it could either break to the
upside for a long or break to the downside for a short, the first
alarm is a heads up that price is moving to the upside and may fit
your criteria to go long, while the second alarm is a heads up that
price is breaking to the downside and may fit your criteria to go
short. Generally speaking I find that by the time an alarm goes off
as, price has moved past what I want to buy it at, so I don't focus
on the alarm, but instead review the trade ideas and
determine what my trigger would be to initiate a trade.
I have a question on improving sell rules. I either buy in the
pattern on a trigger or at a break above the upper TL of say a
coil, then I place my stop (either a little below the last higher
low in the pattern, or just below the pattern). Many times as you
know, price breaks out and retests the TL. What I’m trying to
determine is how often when price retests the break of the TL, does
it go back into the pattern and then reverse and break out again
and resume the uptrend, versus price breaks out, reverses and comes
back into the pattern, and then sells off and starts a downtrend.
Like what are the clues, other than a big bearish engulfing candle
and heavy volume, that point to, hey it may be wise to sell before
hitting your stop.
Aka, I’m trying to determine if probability wise, if price
comes back into a pattern, how much room should I give it, before
the probability of it continuing an uptrend starts
decreasing…as I’d rather sell it early before it hits
my stop loss, IF the price action of price breaking out, and then
reversing back into the pattern “x%” or to a certain
FIB level in a pattern, lowers the probability of it turning back
to the upside, breaking out again and continuing the
PINS looking interesting
Visa cup and handle look. It reported yesterday.
Excited you're doing these Matt. Looking forward to your
If you click in the link, Matt mentions he'll have a recording
for those that can't attend.
Watching for a retest of pattern break. Reports on Thursday
7/23. IBD50 play that is taking part in genetic testing for
Looks like the PMOBuyAll went long today?
UGAZ be careful with as it's a 3x leverage etf and as Steve
says, it's a widow maker if you're not extra careful.
UNG is a non-leveraged way to play natural gas. However note
that it's taxed as a limited partnership.
I agree, I'd like you to keep the reversion to mean systems.
It's honestly the biggest reason I joined, and I would be very sad
to see them go away.
I think it's important like you said to remember that these are
based off statistics and we are outside the statistical norms this
year. That said, no trading strategy is 100%, so one must determine
the max drawdowns they are willing to take and trade with a
position size according to that, which I know is challenging when
we are waiting for the system to send a sell signal and we don't
have an actual stop that we can use to help determine the position
All that to say, I do hope you keep sending out the signals
Matt. Having a mechanical system like this to add to my strategies
has been very beneficial over time.
Here's some setups to monitor. Note the volume and support. Most
had quite a bit lighter volume on the pullback and check out that
heavy volume prior. I'd only be looking at these for a short term
swing trade, maybe a few days or a week. I don't know enough about
these companies long term to be looking to stay in them beyond
Hey Matt, also wanted to speak up and say I really appreciate
all you do to push the envelop.. I've been really looking forward
to utilizing the trending DVT you've been working on
and really appreciate being able to use your systems. I know
this stuff take an incredible amount of time and work. Thank you
for all you do!
So sorry to hear of your loss, my deepest condolences
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