I or Matt should have followed up on his post although there was
never any official post or email in the SPY Swing System section
regarding a trade.
The system decided later yesterday as we pressed higher to hold
the trade and ignore and prior potential signal to sell on the
open. The system is currently long and will remain long at
the open. Just because it decided yesterday to hold doesn't
mean it won't change today but for now we are long with no sell
signal.
This should also go without saying but your more than welcome to
take profits on these signals as you wish. This morning is
set to gap higher providing a nice gain for anyone who took the
last trade so if it will help you enjoy the weekend better I say go
for it!
If the market only closes up slightly today, the SPY system will
exit on Monday's open. Again we'll confirm this later today
if it gives an exit or not
Posted by sschulman on 7th of Sep 2012 at 02:48 pm
Nice that this one and the previous one were winners! I didn't
have my act together yet after the PFG fiasco to enter either of
them! Just another example of how trading (and life) simply doesn't
go according to plan. Never mind - I'm still optimistic. (weak
smile)
Actually counting this one, the last 4 trades were winners.
Remember 2 trades ago I posted the profit curves and it
started to break the trendline two trades ago and definitely was
confirmed on the last trade
but otherwise I completely understand, systems unlike popular
opinion are not easy to trade and I think emotion can be even more
of a problem with systems
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SPY Swing System update
Posted by tom on 7th of Sep 2012 at 08:55 am
I or Matt should have followed up on his post although there was never any official post or email in the SPY Swing System section regarding a trade.
The system decided later yesterday as we pressed higher to hold the trade and ignore and prior potential signal to sell on the open. The system is currently long and will remain long at the open. Just because it decided yesterday to hold doesn't mean it won't change today but for now we are long with no sell signal.
This should also go without saying but your more than welcome to take profits on these signals as you wish. This morning is set to gap higher providing a nice gain for anyone who took the last trade so if it will help you enjoy the weekend better I say go for it!
Again, apologies for any confusion.
If the market only closes
Posted by matt on 7th of Sep 2012 at 09:44 am
If the market only closes up slightly today, the SPY system will exit on Monday's open. Again we'll confirm this later today if it gives an exit or not
life
Posted by sschulman on 7th of Sep 2012 at 02:48 pm
Nice that this one and the previous one were winners! I didn't have my act together yet after the PFG fiasco to enter either of them! Just another example of how trading (and life) simply doesn't go according to plan. Never mind - I'm still optimistic. (weak smile)
Actually counting this one, the
Posted by matt on 8th of Sep 2012 at 03:26 am
Actually counting this one, the last 4 trades were winners. Remember 2 trades ago I posted the profit curves and it started to break the trendline two trades ago and definitely was confirmed on the last trade
but otherwise I completely understand, systems unlike popular opinion are not easy to trade and I think emotion can be even more of a problem with systems