Thanks for the heads up Matt. I can prepare all my option trades should the signal be there at the end

Looks like a great ascending triangle Kobie. I have my MNQZ22 sell  limit at 11470

Wow Steve, thanks for yesterdays newsletter. Your call on a reversal was enough for me to take additional positions and they played out like a charm. I have been trading the MNQZ's in the direction of the main trend(down) and the MESZ's for the reversals. Pity I cannot send you a case of Speight's OLD DARK, or should it be a case of Merlot!   

Then you have to send it out again.

Then you have to send it out again.

Crazy economics! When I completed my MBA back when we drove horse carts on mixed fuel/oil medicine we learned that it cost the Inland Revenue 25 cents of every dollar received. I would guess it would be quite a bit higher with the complicated systems we now have. When you therefore have to send it out again!!!! The mind boggles. Here in NZ we have a labour government who is doing the same type of thing. Needless to say our dollar has dropped from parity with the Aussie dollar to 1.1. Go figure.

Please provide that to members who love trading Bots. I am sure you could put a value to that outside the normal subscription

Thank you Matt. 

I use TOS for all my indicators and am part of a TOS group who develop studies for traders such as ourselves. Would you mind if I approached them and then post the URL on this site?

Yea I was also joking with the testimonial comment. I am happy to pay the increased sub especially if the various ETF's could be expediated. I only see myself trading for another year or two before retirement ha-ha!

Good one Brophy.  We shouldn't have been so effusive in our praise of BPT on the testimonials page. ha-ha   

You are brave to trade Iron Condors in this market. I know the volatility gives very wide strikes but this is not for me. Good luck

Matt you and your family will be most welcome. It is a fantastic country to live in. We are in Christchurch which is on the South Island. People often underestimate the time needed to see most of the south island because there are so many beautiful places. 

The North Island also has many places of great beauty. Well worth a visit too.

But Australia is also great to visit. It is huge! Most people go East to the Great barrier Reef which is in Queensland. Two of our children live in Perth, Western Australia which we thoroughly enjoy. The only negative is the market opens late in the night and closes at 03h30 or 04h30 in the morning in W.A. Difficult to trade options that way.   

Thanks you answered the question in your newsletter   

Hi Steve, the numbering you use of A B C would suggest we have now completed the D extremity. We should then be looking for an E somewhere towards the mid, upper end of what I call a fog-horn triangle. Question:-the trend into the Foghorn is down, does that mean this pattern will resolve to the down side and to the ultimate medium term 3200 target.

Well said Fundamentalvalues. I do though run up to 5 systems and have a spreadsheet in which I calculate how many contracts for every signal. With options I calculate a $ value and do those as well.

DigiNomad, I have shared my spreadsheet with number of contracts etc with a few members already. If you are interested please e-mail me on mundy@iafrica.com

No discord group please. Stick to the charts and trading comments!

Matt is extremely clear on which systems are going long or short and also which he closes out. i for one concentrate my trading on the SPY/ES systems and prepare well before 4pm close with any positions which I need to open or close. Make copies of SYSTEMS TRADE comments in the community board or just read the e-mails he sends. It could not be much clearer.

Hi Watcdy, 

Early in the year both Matt and Steve did a great job of warning us that the market was going to tank big time. In April I looked at a number of leverageD positions on both SPY and especially on QQQ. The market at the time was at +-4300/4400 and I placed November/December spreads at around 3600/3700. These cost say $200 to place and the upside was capped at $2000 which is the 10 to 1 ratio. The highest ratios were obviously for the leveraged positions such as SPXU, SQQQ, TQQQ, SPXL, SH and SDS.  

Hope that helps.

Arun, I have prepared a spreadsheet which I use for all the signals. My e-mail address is mundy@iafrica.com if you are interested. 

Explaining all the strategies would be too long for this thread. We can have a skype/teamviewer session if you are interested.