What a historic buying opportunity this is! When has this market
gone down AND STAYED DOWN for any length of time whatsoever?! No
reason to EVER short this thing. EVER. Wave goodbye to Wave 5
because it's clearly just the beginning. Everyone has
learned: STONKS GO UP. Period.
I’m not an Elliot Wave guy by any means and the limited
knowledge I have of it comes from Breakpoint. The issue I’ve found
with the EW analysis lies in the last sentence of your post:
Wave counting can vary between analysts until the pattern
fully unfolds. It seems as if you never know the wave
finished until AFTER the fact. I can’t tell you how many times I’ve
been short wave 5 with some time of indicator divergence, only to
have the market continue higher and it’s labeling change to some
subdivided count. No disrespect to Matt (or Steve) - I have been a
loyal member here for maybe 12 years now and find other tools and
analyses absolutely invaluable. I’m just very skeptical of Elliot
Wave. Seems like it only works in hindsight.
It's not like CL went down due to lack of demand. It went down
because Bessent is literally selling futures to keep it depressed.
Buy Treasuries, sell crude = stocks rally. Yeah, genius.
This is not fear - a 1% overnight fade met with IMMEDIATE buying
(and put selling). Apart from Liberation Day, every selloff has
been so completely muted. We're down 2% from all time highs
and it seems like a screaming buy. again. Everyday it's a buy.
good news/bad news. And (correct me if I'm wrong) but it
appears to be retail-led too! Is this just the new paradigm-
buy everything everyday?
For some time now, I've endured Tradestation's infuriatingly
slow, prone-to-constantly-crashing , ancient 32-bit trading
platform, primarily because the algorithms that I use -both written
follow- were in EasyLanguage, even though I executed primarily with
IBKR. For kicks, I got myself a trial of Multicharts (64-bit)
platform just to see if it was any better. Lo and behold, its
like night and day. Almost effortlessly, I've converted the first
half of my algos (20 or so) to PowerLanguage (MC's version of Easy)
with the help of Chat GPT - within the first few hours of using the
platform. The only issue i'm having right now is data - i can
use Tradestation's data feed pretty easily, but IBKR's isn't
configured that well yet. Going to see if I can get it sorted out
with them this afternoon.
Anyway - I'm posting this since I know that some of you
(ESPECIALLY YOU MATT/JAMES!!) use Tradestation and have had the
same issues that I have. As traders, we tend to be creatures
of habit. No one wants to go out and "learn" a new platform.
I get it, but the step up in performance is immediately
noticeable and the conversion process relatively easy.
Anyway, might be worth looking into!
Has anyone used TitanX from Tradestation? Anyone who uses TS
Desktop knows what a beast it can be. Does anyone know if you can
run strategies from the new platform?
so much for VIX/VVIX. Its been the same story since April -
selloffs dont even last a day. big overnight down moves get gobbled
up. the panic remains to the upside. cant stop. wont stop.
This is great point. I actually meant to bring this up to you
regarding futures. When you program the system you're getting
the "settlement" price. Unfortunately, that's not necessarily the
"last" price. So you'll have a situation where you can trigger an
exit but Tradestation will give you an exit thats not where it is
currently trading. I think its especially the case with GC as
well where the settlement comes in at the close - around 2:30pm -
but it trades until 5:00pm. This is WHEN your bar ends and
the signal is generated, but not WHERE. Where is back at 2:30pm.
(I may wrong on this, but that's my understanding of it
anyway).
I think your workaround is the way to go! A coding
pain-in-the-neck, but it should work.
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HA!
Mean reversion systems
Posted by pep8261 on 6th of Jun 2026 at 09:31 pm
I was thinking the same thing!
200-300 point pullback?! we dont
Can't wait for the next 200-300 pts pullback on the ...
Posted by pep8261 on 14th of May 2026 at 10:44 am
200-300 point pullback?! we dont get 20-30 point pullbacks.
SPY
Posted by pep8261 on 13th of May 2026 at 01:34 pm
Alright - I'm gonna say it....
What a historic buying opportunity this is! When has this market gone down AND STAYED DOWN for any length of time whatsoever?! No reason to EVER short this thing. EVER. Wave goodbye to Wave 5 because it's clearly just the beginning. Everyone has learned: STONKS GO UP. Period.
(Probably not helpful -I'm disgusted. )
Closing Green?
System Short
Posted by pep8261 on 12th of May 2026 at 03:32 pm
What a joke. Insatiable demand for stocks.
Short (Finally)
System Short
Posted by pep8261 on 12th of May 2026 at 11:03 am
Market Down?!?! Not allowed. MUST Buy everything I can. Quickly. WITH LEVERAGE!!
EW
Blow off v move
Posted by pep8261 on 7th of May 2026 at 06:48 am
I’m not an Elliot Wave guy by any means and the limited knowledge I have of it comes from Breakpoint. The issue I’ve found with the EW analysis lies in the last sentence of your post: Wave counting can vary between analysts until the pattern fully unfolds. It seems as if you never know the wave finished until AFTER the fact. I can’t tell you how many times I’ve been short wave 5 with some time of indicator divergence, only to have the market continue higher and it’s labeling change to some subdivided count. No disrespect to Matt (or Steve) - I have been a loyal member here for maybe 12 years now and find other tools and analyses absolutely invaluable. I’m just very skeptical of Elliot Wave. Seems like it only works in hindsight.
It's not like CL went
WTI CRUDE OIL
Posted by pep8261 on 19th of Apr 2026 at 09:16 pm
It's not like CL went down due to lack of demand. It went down because Bessent is literally selling futures to keep it depressed. Buy Treasuries, sell crude = stocks rally. Yeah, genius.
I'm never shorting again.
Posted by pep8261 on 15th of Apr 2026 at 02:46 pm
I'm never shorting again. I'm never shorting again. I'm never shorting again.
Big TACO
Market surging higher after hours?
Posted by pep8261 on 7th of Apr 2026 at 06:50 pm
HYG Unch on the day
Posted by pep8261 on 19th of Mar 2026 at 12:46 pm
Fills opening gap.
Why Options? Capital Efficiency. Shaping
Curious what stock trading platforms people here use...Matt? Rik? anybody/everybody?
Posted by pep8261 on 17th of Mar 2026 at 11:57 pm
Why Options? Capital Efficiency. Shaping P/L curves, defined risk, asymmetric potential payoffs, precision, flexibilty. Think Checkers vs Chess. And yes, income.
When does the market actually ever go down?
Regardless of the market effect, I consider it a positive ...
Posted by pep8261 on 2nd of Mar 2026 at 10:55 am
This is not fear - a 1% overnight fade met with IMMEDIATE buying (and put selling). Apart from Liberation Day, every selloff has been so completely muted. We're down 2% from all time highs and it seems like a screaming buy. again. Everyday it's a buy. good news/bad news. And (correct me if I'm wrong) but it appears to be retail-led too! Is this just the new paradigm- buy everything everyday?
is that 5 waves?
VVIX/VIX ratio charts: daily, 1/2 day, 15 min
Posted by pep8261 on 18th of Feb 2026 at 10:22 am
is that 5 waves?
Tradestation to Multicharts
Posted by pep8261 on 3rd of Feb 2026 at 10:58 am
For some time now, I've endured Tradestation's infuriatingly slow, prone-to-constantly-crashing , ancient 32-bit trading platform, primarily because the algorithms that I use -both written follow- were in EasyLanguage, even though I executed primarily with IBKR. For kicks, I got myself a trial of Multicharts (64-bit) platform just to see if it was any better. Lo and behold, its like night and day. Almost effortlessly, I've converted the first half of my algos (20 or so) to PowerLanguage (MC's version of Easy) with the help of Chat GPT - within the first few hours of using the platform. The only issue i'm having right now is data - i can use Tradestation's data feed pretty easily, but IBKR's isn't configured that well yet. Going to see if I can get it sorted out with them this afternoon.
Anyway - I'm posting this since I know that some of you (ESPECIALLY YOU MATT/JAMES!!) use Tradestation and have had the same issues that I have. As traders, we tend to be creatures of habit. No one wants to go out and "learn" a new platform. I get it, but the step up in performance is immediately noticeable and the conversion process relatively easy. Anyway, might be worth looking into!
nflx,orcl,rivn - ugh
Posted by pep8261 on 27th of Jan 2026 at 10:04 am
TACO
Posted by pep8261 on 21st of Jan 2026 at 02:34 pm
TACO
would love that -thank you!
MES and VIX Bollinger Bands
Posted by pep8261 on 21st of Jan 2026 at 12:22 pm
would love that -thank you!
Has anyone used TitanX from
Posted by pep8261 on 17th of Dec 2025 at 10:57 am
Has anyone used TitanX from Tradestation? Anyone who uses TS Desktop knows what a beast it can be. Does anyone know if you can run strategies from the new platform?
so much for VIX/VVIX. Its
DUST ... on the bright side, it can't go to ...
Posted by pep8261 on 11th of Dec 2025 at 01:29 pm
so much for VIX/VVIX. Its been the same story since April - selloffs dont even last a day. big overnight down moves get gobbled up. the panic remains to the upside. cant stop. wont stop.
This is great point. I
Mean reversion SPY/MES systems exited perfectly
Posted by pep8261 on 25th of Nov 2025 at 12:44 pm
This is great point. I actually meant to bring this up to you regarding futures. When you program the system you're getting the "settlement" price. Unfortunately, that's not necessarily the "last" price. So you'll have a situation where you can trigger an exit but Tradestation will give you an exit thats not where it is currently trading. I think its especially the case with GC as well where the settlement comes in at the close - around 2:30pm - but it trades until 5:00pm. This is WHEN your bar ends and the signal is generated, but not WHERE. Where is back at 2:30pm. (I may wrong on this, but that's my understanding of it anyway).
I think your workaround is the way to go! A coding pain-in-the-neck, but it should work.