new price: at or above $134.20,
and at or below $134.36
---------
SPY system notification
alert: PossibleShort Initial Entry
Indications are that the SPY system may go short today at the
close,
SPY needs to close at or
above
$134.20 and below $134.36 (see notes below)in order to initiate a short entry.
Important:currently the upper band of $134.39 is a dynamic value that
can change as the day goes on, therefore I will be updating this
upper price if it changes. Also it is very likely that
this trade could come down to the wire depending on the market
action, so we are trying to alert you early in order to give you
time to react and to be "on watch" for any updates toward the
close.
If conditions are
met:the Single Entry system
will enter a 100%
position. The 'Multi Entry system
will enter a new position using 40% of total allocated
capital. Decide which system is best for you.
Posted by burkmere on 20th of May 2011 at 03:47 pm
The post Matt just did below says 134.36 and below, but the
sticky at the top says below 134.36 . Nit-picky, I know, but those
are two different numbers.
guys come on. There is a price band, in the post I said
that the upper price band was dynamic and could change, and it did,
it changed from $134.9 to $134.6. The lower band is the same
at 134.2 and above
As long as the
new revised price levelcomes through in the email
alert (& is posted as a sticky at the top of the forum page??)
it should be ok. IMO it will not be ok to have to log on and scroll
back through a few pages of posts looking for when it changed.
Why do i say this?
Well, im noting that there were 4 SPY SYSTEM email this
morning;
the first had levels between
134.20&
133.39
the second was a typo correction with new levels between
134.20&
134.39
the third was repeat of the second
the fourth stated '
rememberthe system needed to close between
134.20&
134.36in order to trigger a short today. Therefore the system
remains in cash'
The point here is, from where i sit & maybe i speak for a
few others too, there is nothing to
rememberbecause there was no official change via
email alert
priorto the dynamic band level changing (ie
134.39to
134.36).
Being an overseas client that does not have the convenience of
following the BPT forum chat within certain hours (mainly from
around
your12noon to late afternoon), i will miss any
changes to levels that are only posted in the SPY forum, unless
they are located in a convenient location one can access after
logging in.
So at this point im giving it the benefit of the doubt that
because the system did not
actuallytrigger a trade, a new email alert was not sent
out with the revised dynamic levels. If that's the case forget this
and move on - if not then look at this as a constructive view
towards filling in any potential delivery gaps. Well oiled machine
coming up!
iwedat - As you were unable to access the forum for a time
(understandably), you may not know that by the time the 3rd email
was sent, numerous posts had been made seeking clarification
of the precise price levels. Also, email recipients may have
been replying to BPT seeking clarification. At that
point, sending another email may not have made the situation any
better. And, as you noted, another factor may have been that
SPY remained below the lower limit of the ‘buy’ range for the last
hour of the day.
I’m sure your
comments will be taken into consideration by those in charge, as
they have already stated their commitment to helping us navigate
the complexities inherent in a new product launch.
In any case, I
believe, as stated below, that the notifications will soon be as
clear as day, and we'll all look back at these early ones and have
a good laugh.
Have a good
weekend!
Posted by burkmere on 20th of May 2011 at 04:00 pm
in the sticky you say, "
below 134.36" and in the post below you say:
The upper band price has dropped to
$134.36 and below. Those are two different
numbers. It'd be better to just always say XXX and above and
XXX and below. Not confusing that way, imo. Just trying to
help us be consistent. Thanks!! Sorry, for seeming nit-picky,
but there is a difference..just trying to save hassles later
when there is a close that lands on that number...
;)
Posted by burkmere on 20th of May 2011 at 02:50 pm
I hate to post this, but I take this to "now" mean at or above
134.20 and at or below 134.38 ..which is different than
even the first revision...since it's going to be a small range and
appears to be coming down to the wire..this, unfortuntely "is"
important..
We should be careful to keep the language consistent with the
upper and lower limits... "at or above" and "at or below" would do
that... ;)
I don't mind it. I am still leaning toward the text.
It is still just the how does it morph from the pending trade to
an official. Two table, highlighted Yellow while pending and
then removed when triggered. Maybe a field for some title
like "Position" and that would say either Pending or
Confirmed? I guess maybe I like the text, IDK.
Tom. There would be no need to change the table until the
next trade notification is announced. For instance, let's
imagine this trade goes through today. Tomorrow you could
display the same table. The only modification would be to
remove the "NOTE". Tomorrow this table would communicate the
status of the "current trade". When we get the notification
to close the trade the table will change to reflect that.
And obviously there would be no table when there's no pending or
current trade.
I would handle a 2nd entry of the Multi system by adding a Trade
2 table above the Trade 1 table. Same format. I can do
some mock-ups of different examples if you guys are interested.
Well I think we are going to first send an email to say we are
thinking about not sending out anymore emails and that we will send
an email to confirm.
With the table. We truly have received feedback overload
and frankly there is not much of a preference one way or the other
- it seems to pretty much even out. We will have to review
and brainstorm what will work best in conjunction with IT and the
back-end system and make the decision. I have you past posts
with tables and we will have to work through it.
SPY Trade Alert
Posted by matt on 20th of May 2011 at 01:53 pm
Indications are that the SPY system may go short today at the close, SPY needs to close at or above $134.20 and below $134.36 (see notes below) in order to initiate a short entry. Important: currently the upper band of $134.39 is a dynamic value that can change as the day goes on, therefore I will be updating this upper price if it changes. Also it is very likely that this trade could come down to the wire depending on the market action, so we are trying to alert you early in order to give you time to react and to be "on watch" for any updates toward the close.
The upper band price has
Posted by matt on 20th of May 2011 at 03:32 pm
The upper band price has dropped to $134.36 and below
Matt, please fix your sticky.
Posted by ascr on 20th of May 2011 at 03:44 pm
Matt, please fix your sticky. " Important: currently the upper band of $134.39"
Also..
Posted by burkmere on 20th of May 2011 at 03:47 pm
The post Matt just did below says 134.36 and below, but the sticky at the top says below 134.36 . Nit-picky, I know, but those are two different numbers.
guys come on. There is
Posted by matt on 20th of May 2011 at 03:51 pm
guys come on. There is a price band, in the post I said that the upper price band was dynamic and could change, and it did, it changed from $134.9 to $134.6. The lower band is the same at 134.2 and above
Title: comments Read the whole post
Posted by iwedat on 20th of May 2011 at 10:01 pm
Read the whole post before commenting.
As long as the new revised price levelcomes through in the email alert (& is posted as a sticky at the top of the forum page??) it should be ok. IMO it will not be ok to have to log on and scroll back through a few pages of posts looking for when it changed.
Why do i say this?
Well, im noting that there were 4 SPY SYSTEM email this morning;
the first had levels between 134.20& 133.39
the second was a typo correction with new levels between 134.20& 134.39
the third was repeat of the second
the fourth stated ' rememberthe system needed to close between 134.20& 134.36 in order to trigger a short today. Therefore the system remains in cash'
The point here is, from where i sit & maybe i speak for a few others too, there is nothing to rememberbecause there was no official change via email alert priorto the dynamic band level changing (ie 134.39 to 134.36 ).
Being an overseas client that does not have the convenience of following the BPT forum chat within certain hours (mainly from around your12noon to late afternoon), i will miss any changes to levels that are only posted in the SPY forum, unless they are located in a convenient location one can access after logging in.
So at this point im giving it the benefit of the doubt that because the system did not actuallytrigger a trade, a new email alert was not sent out with the revised dynamic levels. If that's the case forget this and move on - if not then look at this as a constructive view towards filling in any potential delivery gaps. Well oiled machine coming up!
Have good weekend.
iwedat - As you were unable
Posted by yojimbo on 21st of May 2011 at 10:56 am
iwedat - As you were unable to access the forum for a time (understandably), you may not know that by the time the 3rd email was sent, numerous posts had been made seeking clarification of the precise price levels. Also, email recipients may have been replying to BPT seeking clarification. At that point, sending another email may not have made the situation any better. And, as you noted, another factor may have been that SPY remained below the lower limit of the ‘buy’ range for the last hour of the day. I’m sure your comments will be taken into consideration by those in charge, as they have already stated their commitment to helping us navigate the complexities inherent in a new product launch. In any case, I believe, as stated below, that the notifications will soon be as clear as day, and we'll all look back at these early ones and have a good laugh. Have a good weekend!
iewdat - I should have
Posted by yojimbo on 21st of May 2011 at 11:30 am
iewdat - I should have said 'sell short' range. Good thing I'm not in charge.
Yes, but..
Posted by burkmere on 20th of May 2011 at 04:00 pm
in the sticky you say, " below 134.36" and in the post below you say:
The upper band price has dropped to $134.36 and below. Those are two different numbers. It'd be better to just always say XXX and above and XXX and below. Not confusing that way, imo. Just trying to help us be consistent. Thanks!! Sorry, for seeming nit-picky, but there is a difference..just trying to save hassles later when there is a close that lands on that number... ;)
at this rate...
Posted by perthx on 20th of May 2011 at 03:54 pm
we may get a buy instead on Monday as this doesn't'look to trigger today
Yea, I didn't want to
Posted by ditch on 20th of May 2011 at 04:00 pm
Yea, I didn't want to go short ....
Ok so..
Posted by burkmere on 20th of May 2011 at 02:50 pm
I hate to post this, but I take this to "now" mean at or above 134.20 and at or below 134.38 ..which is different than even the first revision...since it's going to be a small range and appears to be coming down to the wire..this, unfortuntely "is" important..
We should be careful to keep the language consistent with the upper and lower limits... "at or above" and "at or below" would do that... ;)
At or above $134.20 (or
Posted by tom on 20th of May 2011 at 03:11 pm
At or above $134.20 (or if you prefer above $134.19) and right now forget the upper range. It is dynamic but will be posted as BELOW X price.
Honestly I hope the system
Posted by matt on 20th of May 2011 at 02:29 pm
Honestly I hope the system does not trigger a trade
"Honestly I hope the system
Posted by river on 20th of May 2011 at 03:01 pm
"Honestly I hope the system does not trigger a trade"
Why?
Matt, I suggest re-wording " SPY
Posted by ascr on 20th of May 2011 at 02:14 pm
Matt, I suggest re-wording " SPY needs to close between $134.20 and below $134.39 (see notes below) "
to read:
SPY needs to close above $134.20 and below $134.39 (see notes below)
Definately easier to understand worded
Posted by dougwur on 20th of May 2011 at 02:23 pm
Definately easier to understand worded like ascr posted!
unfortunately I can't edit my
Posted by ascr on 20th of May 2011 at 02:26 pm
unfortunately I can't edit my post any more to display the correct info.
I don't mind it. I
Posted by tom on 20th of May 2011 at 02:19 pm
I don't mind it. I am still leaning toward the text.
It is still just the how does it morph from the pending trade to an official. Two table, highlighted Yellow while pending and then removed when triggered. Maybe a field for some title like "Position" and that would say either Pending or Confirmed? I guess maybe I like the text, IDK.
Tom. There would be no
Posted by ascr on 20th of May 2011 at 02:39 pm
Tom. There would be no need to change the table until the next trade notification is announced. For instance, let's imagine this trade goes through today. Tomorrow you could display the same table. The only modification would be to remove the "NOTE". Tomorrow this table would communicate the status of the "current trade". When we get the notification to close the trade the table will change to reflect that.
And obviously there would be no table when there's no pending or current trade.
I would handle a 2nd entry of the Multi system by adding a Trade 2 table above the Trade 1 table. Same format. I can do some mock-ups of different examples if you guys are interested.
I would have to say:
Posted by matt on 20th of May 2011 at 02:19 pm
I would have to say: SPY needs to close above $134.19 and below $134.40, not $134.20 and $134.39
Price closes above $134.19, or between $134.20 and $134.39
otherwise I'm not sending out another email, we get enough complaints/confusion as it is and I have to send another email later anyway
emails
Posted by jdwm on 20th of May 2011 at 02:32 pm
LOL!
Posted by cal1 on 20th of May 2011 at 03:37 pm
LOL!
Well I think we are
Posted by tom on 20th of May 2011 at 02:38 pm
Well I think we are going to first send an email to say we are thinking about not sending out anymore emails and that we will send an email to confirm.
You guys are awesome! Truly.
Posted by ascr on 20th of May 2011 at 02:41 pm
You guys are awesome! Truly.
With the table. We truly
Posted by tom on 20th of May 2011 at 02:49 pm
With the table. We truly have received feedback overload and frankly there is not much of a preference one way or the other - it seems to pretty much even out. We will have to review and brainstorm what will work best in conjunction with IT and the back-end system and make the decision. I have you past posts with tables and we will have to work through it.
Guess what I am doing this weekend
Uh Oh. Matt, based on
Posted by ascr on 20th of May 2011 at 02:28 pm
Uh Oh. Matt, based on your last post you need to change your blog sticky to say "below $134.40"
now a chart here might
Posted by perthx on 20th of May 2011 at 02:07 pm
now a chart here might be very useful as a visual guide.
Is this kind of tight window a common scenario?
Here's an intraday chart. You
Posted by kbgupta on 20th of May 2011 at 02:12 pm
Here's an intraday chart. You might have to have a stockcharts.com account to view.
http://stockcharts.com/h-sc/ui?s=SPY&p=1&yr=0&mn=0&dy=1&id=p31089445385&a=234825485
Thanks for the chart -
Posted by pebs on 20th of May 2011 at 02:54 pm
Thanks for the chart - I always find visuals to be helpful.
Ranges can happen frequently as
Posted by tom on 20th of May 2011 at 02:10 pm
Ranges can happen frequently as well as dynamic prices.
special conditions like this are
Posted by matt on 20th of May 2011 at 01:57 pm
special conditions like this are why a table (even though I like the simplicity of a table), would not easily handle these situations.
I would suggest the following: Action System Date Condition 1 Condition 2 Short Both May
Posted by ascr on 20th of May 2011 at 02:13 pm
I would suggest the following:
NOTE: Condition 2 is dynamic and may be updating.