SPY Swing System Trade Alert

    Posted by tom on 9th of Oct 2012 at 02:58 pm

    10/09/12:

    The SPY Swing System will execute a new Long position today at the close if the SPY closes below $144.81 and above $144.57.  Not the tightest range we have seen but definitely one of.

    This Long trade will represent 100% position for the Single en try system and 40% for those following the Multi En try.  As always please trade as you see fit.  We will send another alertONLY if the trigger price changes.  Otherwise you should consider this alertthe official alert.  As always we will also be answering questions and making comments on the SPY section of the Trading Community.

    Please trade as you see fit.

    Is it just me or....

    Posted by perthx on 10th of Oct 2012 at 12:40 am

    was this alert just really poorly worded?

    "...if the SPY closes below$144.81 and above$144.57"

    That says you EXCLUDE the zone in between those values. Based on this a trade SHOULD have been made today.I missed seeing this til much later so no harm no foul but I suppose "below" and "above" were transposed????????

    Sorry I am an idiot

    Posted by perthx on 10th of Oct 2012 at 08:16 am

    Looks like late night I am dyslexic and blind. When I read the alert now, it seems that I transposed the numbers in my head and not the other way. 144.81 ISlarger than 144.57. Perhaps I just expected the lower number to be first,  but it is all my ERROR. Oh me of little faith in you guys!

    Apologies.

    In preparing to try and

    Posted by tom on 10th of Oct 2012 at 08:41 am

    In preparing to try and respond to your first post I did something which may be a nice add for the future which is a graphical representation.  Unfortunately a live intraday stockcharts chart will only work for people with an SC subscription but the image might help which I can post on the board.  Let me know if you guys would me to add this to my alert posts!

    **Note this is from yesterday and is not an alert for today!!**

    And this is a bummer

    Posted by 24kau on 9th of Oct 2012 at 03:38 pm

    And this is a bummer because my designated SPY swing system money is tied up for it's 3-day rest after yesterday's closeout.

    Well we ended up closing

    Posted by tom on 9th of Oct 2012 at 04:01 pm

    Well we ended up closing below the lower parameter so there was no trade and you didn't miss anything yet.

    also it's probably better that

    Posted by matt on 9th of Oct 2012 at 04:31 pm

    also it's probably better that it didn't take a trade today, because it will make it a higher probability trade if it takes a long in the future on a further pullback

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