Hi Matt, so it looks like there are new mean revision entries on these charts today?

Happy birthday Matt

Hey guys, just checking the SPY Breakout system is underwater atm, what is the stop?

The question you should be asking is "what is a decent trader?" There are absolutely NO decent traders that give advice. The ones that do make money, never make themselves public, so you will never know if they use TA, manage risk well or have some insider knowledge. I started with EW 25 years ago because it looked appealing to the eye, and very quickly decided it is fluff. You need to manage risk primarily. Just my 2 cents. The guys here at BPT are different as Matt says on his videos "the best TA on the planet", but managing risk is still numero uno. Thanks BPT

Yep have a plan, got out in the morning, now back short again. Trading 1hr charts and lower time frames. This market is carefully managed by the powers that be.

Matt, I did not receive email or txt re the CCI system going long. I have been receiving txts re other system trades. Can you check please.

Thanks Matt, just stuck to the system, and added some overnight (my call), woke up this morning and the Christmas sock was torn open. You only get 1 trump in a lifetime!

Now that you've updated the spreadsheet, the stats for 2025 are well and truly in the red and we have completed 1/4 of the year. Need some real juice to get these back in the black...

Hey Matt hope you're feeling better. Just checking if the open SPY and MES systems actually stopped out?

I know we don't analyze the DOW much here, but the glaring double top and break this week has a target of 39000, we shall see

So do you follow the systems Steve?

HP STS, looking at at the table there are only a few longs left, but some of them show their Current STS values are lower than their Previous STS values. Is this correct? Stops on longs don't  trail down.

ie the SPY 78 min has a current STS of 574.37, and it's previous STS is 592.89. It should have stopped out already but the trade remains open. Albeit it will get stopped tomorrow me thinks.

Where did this info come from?

Hey Matt, just checking the breakout systems are flat? The spreadsheet says they are still open.

It would be nice to have a system trailing stop, but I guess this adds another layer of complication. Yes great trade and I've stuck with the system, no partial profits, but I have my own trailing stop :)

Thanks Matt, Steve, James and team, its a good feeling to wake up and see alot of green in one's account. Cheers

LOL where do you get these anecdotes :)

Yep I've felt like Michael Burry for the last few weeks, but held on. It's all about risk and emotional tolerance.

So I guess the stats will show an EOD stop out, even though intra day stop was hit?