"...what's the trigger price? there really isn't
one..."
So if the trade triggers aren't rigid - which I agree with -
what is the "Break Point Trade"? (I don't mean this facetiously -
I've been wondering all along what the breakpoint thingy is all
about)
looks like an important page to keep, may evolve in the future -
can you guys connect it to the SPY system menus somewhere so we can
access it in the future? this is not a normal post that I can make
a favorite is it?
To me, the worst aspect of this trade is the big divergence
between it and the regular tone/bias of the site. It feels very
strange - I really feel stupid - to be in a trade like this, while
the regular posts and nightly comments point to the exact opposite.
It's one thing to have different commentators give different
opinions about the market - that's quite normal - but it's quite
different to get literally opposing views on the same site! Your
own indicators, charts and graphs - short and medium term -
all pointing down and yet we are deep into this. In my opinion this
is what you guys need to really think about and discuss - how to
resolve this dichotomy/incongruity/dissonance/divergence - how to
incorporate your own indicators into the system. I say this in the
spirit of friendly advice - I am here and staying here, love you
guys etc. etc. - it's too bad we had this black swan event so early
in the official life of this system - hopefully it will come back
at least partially and the future will more than make up for
it.
looks like we might need one - has this ever happened before in
all the backtesting? meaning, all you stats freaks out there, what
was the largest drop down from a 4th entry? Mattt says above 10.04%
- not sure exactly what it means, total drawdown of all entries
using thr 40/20/20/20 rule - I am asking about the largest drop
from the 4th entry? new record tomorrow? how long did it take to
turn around and become a profit - apparently, they all did, but
there's always a first time...? does anyone like the idea of
increasing leverage with 2,3,4 entries any more e.g. 1=SPY,
2=SSO,3=UPRO, 4=options anymore or perhaps it should be the other
way around?
why not put the entry price(s) and %s on the "current
trades" just for documentation? the current trade should show
the current status, right now it shows "alert".
also: following posting here on this thread, the screen
goes back to the main thread, i,e, does not stay on SPY.
good luck filing a complaint - talking to stockcharts is like
talking to a wall - they never even acknowledge receiving any
communication, never answer anything, don't answer their phones -
just ask you to leave a message which they never return - they have
become completely insular, uninterested in any customer service -
must feel really fat sitting on a gold mine. I wish people here -
with better access and knowledge than myself - will find a good
substitute - it's time to get off stockcharts. If BPT decide to
stop using them, this will give us all an incentive to move and
maybe save some money too - I don't know if any free service is
comparable. The certainly have a lot of good features, but also a
lot of problems and issues that they refuse to address - in the
past i managed to get some dialog going with them but this was a
long time ago and they have since decided to stop communicating. Do
they really provide the best value out there? I don't really use
any of their serious charting services, just live quotes and basic
charting, and I know there are many other sources out there e.g. is
ameritrade as good? how did stockcharts get to where they are -
they have become the default standard for everyone - it this
justified today? perhaps we can start a discussion on a separate
thread- this is not off-topic but also not mainline for this forum
- can we ask for a new topic somewhere?
1. There should be
ONE PLACEwhere
recommendations are made - (is this what "current trade" was
supposed to be?) so that when there is pressure - before the close
etc. - you need to go to one place only and see the recommendation.
The recommendation there needs to be simple and crystal clear - I
don't see why is it not possible to write one or two sentences of
short, concise instructions that anyone can understand, with no
ambiguities, and in a point form - not conversational. (Why is it
even necessary to say anything about the multiple-entry system in
the single-entry area? Perhaps the should be only one place for
both since what's the point of putting the same message in both
places? (redundancy means imperfect design).
2.When a trade is announced, it is very obvious that people
are going to start asking questions immediately. Matt & Co.
need be on top of these questions and answer them
immediately- on
this forum or elsewhere - and ALL OTHER PEOPLE SHOULD REFRAIN FROM
ANSWERING QUESTIONS since if me or you start answering it just adds
to the general confusion - we are now offering
OPINIONSwhen what
is required are
ANSWERS. The
format of these answers also needs to be crystal clear, and use a
simple format such as the FAQ - without all the elements of the
forum i.e. "reply" "comments" etc. - no need to click extra buttons
to see more etc. - just Q, A, Q, A, etc. so that people can read
these quickly and see what's going on - this will also cut on the
number of Q's since as we see here people are asking about stuff
that has already been answered earlier since they can not eassily
see the previous exchanges. Perhaps this Q&A can be conducted
in the same "one place" as the recommendation?
Matt & Co. are trying to do the right thing - it's not
easy! I know they will be reading these suggestions here and
hopefully will consider some of them. They are trying something
which has never been tried before here, and it is obvious that
there sre problems and they will be solved. In retrospect, I think
it would have been wise to run a Beta test of all this - perhaps
next time.
so everything said about after-hours is nonsense - we don't buy
or sell after-hours, they don't count, right? all the testing,
stats etc. relates to regular hours?
So my question still stands: how do we enter a trade if the
trigger has to do with closing price? the FAQ says that all trades
are entered at end-of-day?
Sorry if this was already answered somewhere here...but to
be absolutely clear - is this what you Matt want us to do - if the
trigger has to do with "closing price" you want us to try to buy
after hours? (this is not you, but what some people here think you
mean). Does your back-testing and experience use this data? not
trying to be nit-picking here, but if the stats etc. were all done
on regular trading hours, then I don't think it's right to just
extend it into after-hours, liquid or not - especially in
conjunction with the recent notes about silver about possible
manipulation etc. in the twilight zone with no volume! I am also
keeping in mind that the exits from the system are defined (for
Longs) as "next open" not after-hours, which means after-hours is
not really relevant.
May I suggest politely, that perhaps we need a little more
clarification on this subject.
A good line in BusinessWeek about reducing the defense budget:
"who are we afraid from? China? If they want to slay us, all they
need to do is call in their loans..."
this is all very good but what about people posting off-topic
items and not marking them as off-topic? see for example all the
Bin-Laden crap here this morning...
I have the same layout as yours but somehow - damnit - yours
looks better! I don't know what it is - could be just the screen
capture technology (what do you use?) - but your chart is much more
crisp, better contrast, bolder - whatever - much better and cleare
all around - do you mind showing me the full set of parameters you
use for this chart?
Actually, now that I played with it a little more, there is
something going on with the technology right here on the site - if
I open your chart in another window, it looks exactly like mine -
but if I open it directly, the local software does something to it
and makes it much better-looking, so it may not be anything that
you are doing. I will ask the techie here about it.
The community is delayed by three days for non registered users.
peace...nothing serious...just joking around...
What is the difference between the Trade Ideas and Watch List?
Posted by pdani on 6th of Feb 2012 at 01:33 pm
peace...nothing serious...just joking around...
Trade lists etc.
What is the difference between the Trade Ideas and Watch List?
Posted by pdani on 6th of Feb 2012 at 12:45 pm
"...what's the trigger price? there really isn't one..."
So if the trade triggers aren't rigid - which I agree with - what is the "Break Point Trade"? (I don't mean this facetiously - I've been wondering all along what the breakpoint thingy is all about)
marco-long?
lol....Marco going long now.....
Posted by pdani on 11th of Oct 2011 at 02:59 pm
where do you get that?
how do I keep this page "spy system discussion"?
SPY System Discussion
Posted by pdani on 27th of Aug 2011 at 02:05 am
looks like an important page to keep, may evolve in the future - can you guys connect it to the SPY system menus somewhere so we can access it in the future? this is not a normal post that I can make a favorite is it?
what the heck was that? 1 full point move in an instant?
Posted by pdani on 16th of Aug 2011 at 12:17 pm
some computer playing games? blame it on Sarkozy? what's he saying?
Moral Hazard?
Posted by pdani on 9th of Aug 2011 at 03:20 pm
To me, the worst aspect of this trade is the big divergence between it and the regular tone/bias of the site. It feels very strange - I really feel stupid - to be in a trade like this, while the regular posts and nightly comments point to the exact opposite. It's one thing to have different commentators give different opinions about the market - that's quite normal - but it's quite different to get literally opposing views on the same site! Your own indicators, charts and graphs - short and medium term - all pointing down and yet we are deep into this. In my opinion this is what you guys need to really think about and discuss - how to resolve this dichotomy/incongruity/dissonance/divergence - how to incorporate your own indicators into the system. I say this in the spirit of friendly advice - I am here and staying here, love you guys etc. etc. - it's too bad we had this black swan event so early in the official life of this system - hopefully it will come back at least partially and the future will more than make up for it.
why no email about it?
Can anyone get the video or Newsletter for the spy system?
Posted by pdani on 9th of Aug 2011 at 02:45 pm
can we get a 5th entry (and 6th, ...)?
It's nice just to be in the SPY trade during ...
Posted by pdani on 8th of Aug 2011 at 01:50 am
looks like we might need one - has this ever happened before in all the backtesting? meaning, all you stats freaks out there, what was the largest drop down from a 4th entry? Mattt says above 10.04% - not sure exactly what it means, total drawdown of all entries using thr 40/20/20/20 rule - I am asking about the largest drop from the 4th entry? new record tomorrow? how long did it take to turn around and become a profit - apparently, they all did, but there's always a first time...? does anyone like the idea of increasing leverage with 2,3,4 entries any more e.g. 1=SPY, 2=SSO,3=UPRO, 4=options anymore or perhaps it should be the other way around?
stupid question (?)
Closing SPY Position
Posted by pdani on 25th of May 2011 at 02:50 am
why not put the entry price(s) and %s on the "current trades" just for documentation? the current trade should show the current status, right now it shows "alert".
also: following posting here on this thread, the screen goes back to the main thread, i,e, does not stay on SPY.
can we find a substitute to stockcharts?
stockcharts sucks....trin and tick havent updated all day...anyone reccd a good charting service?
Posted by pdani on 23rd of May 2011 at 02:13 pm
good luck filing a complaint - talking to stockcharts is like talking to a wall - they never even acknowledge receiving any communication, never answer anything, don't answer their phones - just ask you to leave a message which they never return - they have become completely insular, uninterested in any customer service - must feel really fat sitting on a gold mine. I wish people here - with better access and knowledge than myself - will find a good substitute - it's time to get off stockcharts. If BPT decide to stop using them, this will give us all an incentive to move and maybe save some money too - I don't know if any free service is comparable. The certainly have a lot of good features, but also a lot of problems and issues that they refuse to address - in the past i managed to get some dialog going with them but this was a long time ago and they have since decided to stop communicating. Do they really provide the best value out there? I don't really use any of their serious charting services, just live quotes and basic charting, and I know there are many other sources out there e.g. is ameritrade as good? how did stockcharts get to where they are - they have become the default standard for everyone - it this justified today? perhaps we can start a discussion on a separate thread- this is not off-topic but also not mainline for this forum - can we ask for a new topic somewhere?
Table and other suggestions
Totally agree ascr
Posted by pdani on 17th of May 2011 at 03:13 pm
1. There should be ONE PLACEwhere recommendations are made - (is this what "current trade" was supposed to be?) so that when there is pressure - before the close etc. - you need to go to one place only and see the recommendation. The recommendation there needs to be simple and crystal clear - I don't see why is it not possible to write one or two sentences of short, concise instructions that anyone can understand, with no ambiguities, and in a point form - not conversational. (Why is it even necessary to say anything about the multiple-entry system in the single-entry area? Perhaps the should be only one place for both since what's the point of putting the same message in both places? (redundancy means imperfect design).
2.When a trade is announced, it is very obvious that people are going to start asking questions immediately. Matt & Co. need be on top of these questions and answer them immediately- on this forum or elsewhere - and ALL OTHER PEOPLE SHOULD REFRAIN FROM ANSWERING QUESTIONS since if me or you start answering it just adds to the general confusion - we are now offering OPINIONSwhen what is required are ANSWERS. The format of these answers also needs to be crystal clear, and use a simple format such as the FAQ - without all the elements of the forum i.e. "reply" "comments" etc. - no need to click extra buttons to see more etc. - just Q, A, Q, A, etc. so that people can read these quickly and see what's going on - this will also cut on the number of Q's since as we see here people are asking about stuff that has already been answered earlier since they can not eassily see the previous exchanges. Perhaps this Q&A can be conducted in the same "one place" as the recommendation?
Matt & Co. are trying to do the right thing - it's not easy! I know they will be reading these suggestions here and hopefully will consider some of them. They are trying something which has never been tried before here, and it is obvious that there sre problems and they will be solved. In retrospect, I think it would have been wise to run a Beta test of all this - perhaps next time.
Matt - need clearer instructions on entering trades
SPY system additional
Posted by pdani on 4th of May 2011 at 05:00 pm
so everything said about after-hours is nonsense - we don't buy or sell after-hours, they don't count, right? all the testing, stats etc. relates to regular hours?
So my question still stands: how do we enter a trade if the trigger has to do with closing price? the FAQ says that all trades are entered at end-of-day?
Title: Matt - buy after
SPY system additional
Posted by pdani on 4th of May 2011 at 04:46 pm
Sorry if this was already answered somewhere here...but to be absolutely clear - is this what you Matt want us to do - if the trigger has to do with "closing price" you want us to try to buy after hours? (this is not you, but what some people here think you mean). Does your back-testing and experience use this data? not trying to be nit-picking here, but if the stats etc. were all done on regular trading hours, then I don't think it's right to just extend it into after-hours, liquid or not - especially in conjunction with the recent notes about silver about possible manipulation etc. in the twilight zone with no volume! I am also keeping in mind that the exits from the system are defined (for Longs) as "next open" not after-hours, which means after-hours is not really relevant.
May I suggest politely, that perhaps we need a little more clarification on this subject.
FAQ says "all new trades are
SPY important trade notification
Posted by pdani on 4th of May 2011 at 03:49 pm
FAQ says "all new trades are entered at the close of the day" so how do we do this if we are waiting for the SPY to close between this and that?
A good line in BusinessWeek
Dollar
Posted by pdani on 2nd of May 2011 at 11:11 am
A good line in BusinessWeek about reducing the defense budget: "who are we afraid from? China? If they want to slay us, all they need to do is call in their loans..."
GLD / SLV
Posted by pdani on 2nd of May 2011 at 10:55 am
GLD back to even, SLV still climbing the slippery slope...
what to do with off-topic that is not marked as off-topic?
New Blog Change:
Posted by pdani on 2nd of May 2011 at 09:06 am
this is all very good but what about people posting off-topic items and not marking them as off-topic? see for example all the Bin-Laden crap here this morning...
you must have skipped class
Wife,Baby etc
Posted by pdani on 25th of Apr 2011 at 11:15 am
you must have skipped class when they talked about that...
jtverr - Q re charts
Silver.....
Posted by pdani on 9th of Apr 2011 at 01:32 pm
I have the same layout as yours but somehow - damnit - yours looks better! I don't know what it is - could be just the screen capture technology (what do you use?) - but your chart is much more crisp, better contrast, bolder - whatever - much better and cleare all around - do you mind showing me the full set of parameters you use for this chart?
Actually, now that I played with it a little more, there is something going on with the technology right here on the site - if I open your chart in another window, it looks exactly like mine - but if I open it directly, the local software does something to it and makes it much better-looking, so it may not be anything that you are doing. I will ask the techie here about it.
TIA
what was that all about?
Quick informal get together
Posted by pdani on 8th of Apr 2011 at 05:52 pm
what was that all about?