ERX and XLE systems comments

    Posted by matt on 23rd of Aug 2012 at 01:17 pm

    Hopefully I can work more on these ERX and XLE systems over the weekend, here's some results of the ERX system, the returns are kind of ridiculous.  I've started on XLE going back to 2005, the method seems to work.  I like XLE since it has more history etc, vs the 3X leveraged ETF.  It's all still preliminary, it's not something that can be programmed into TS and automated, all has to be done by hand in Excel which takes lots of time to get done

    terrific

    Posted by brophy on 23rd of Aug 2012 at 01:34 pm

    work Matt, Thanks

    At some point, will you

    Posted by darnelds on 23rd of Aug 2012 at 01:24 pm

    At some point, will you test whether a short ERX position can be implemented with ERY?

    I would much rather short

    Posted by matt on 23rd of Aug 2012 at 01:26 pm

    I would much rather short ERX vs go long ERY, I prefer to short the triple leveraged ETF's, it's been explained before on the blog as to the reasons why such as degradation etc.

    for example take a look at the trades, some of those trades held for 6 months!  that's a long time for leveraged ETF's.

    short triple ETFs

    Posted by 8899 on 23rd of Aug 2012 at 01:58 pm

    would you short ERY when ERX goes long also?

     

    the triple leveraged funds are

    Posted by muslhead on 23rd of Aug 2012 at 02:01 pm

    the triple leveraged funds are very hard to find to short. i use 3 brokers and none have them, FYI

    WHy would you short a triple leveraged ETF

    Posted by zach06 on 23rd of Aug 2012 at 02:28 pm

    when there is a sister product to go short?

    No shares of ERX to

    Posted by hamvestor on 23rd of Aug 2012 at 01:34 pm

    No shares of ERX to short at Fidelity, so I had to go with ERY. I expect it won't be a long-term hold anyway, but who knows.

    What price is your stop?

    Posted by 24kau on 23rd of Aug 2012 at 01:37 pm

    What price is your stop?

    it varies per trade

    Posted by matt on 23rd of Aug 2012 at 01:38 pm

    it varies per trade

    Sorry, I meant on your

    Posted by 24kau on 23rd of Aug 2012 at 01:39 pm

    Sorry, I meant on your ERY trade; mine is at $7.50 but I'm thinking of moving it up (I was in before today).  I'm thinkin' like $8.35.

    24kau, I'm not sure if

    Posted by hamvestor on 23rd of Aug 2012 at 01:45 pm

    24kau, I'm not sure if you are asking me, but my ERY buy was at 8.44, and my stop (a mental one) is at 8.35.

    PERFECT; exactly where I want

    Posted by 24kau on 23rd of Aug 2012 at 01:48 pm

    PERFECT; exactly where I want to change mine to.  Thank you.

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