If SPY can close over the 8 day MA today, the SPY Ver 2 system will
exit its long trade tomorrow on the open. The system is
listed in the Tradestaion Systems section of the website. Currently
the 8 day MA is sitting at $151.10, while SPY is at $150.77.
Obviously it's the close that matters.
The momentum indicator is still red, therefore this system will
not hold the trade - if momentum was green then the system would
hold the system for a longer period of time.
What I will cover in the webinar is why the systems do certain
trades and the thought process behind the rules etc.
clearly the SPY Ver 2 system will get it's exit signal today as SPY
mostly is well above the 8 day MA, all it has to do is close above
the 8 day MA to get an exit signal. HOWEVER remember this
system will exit not at the close but tomorrow at the market open.
The first entry was last Wed (quite early), the send entry
was last Thur, and a third entry would have been Monday's decline.
The system can be traded as single, or multi entry, whatever
the person chooses
the first chart shows the SPY Ver 2, the second chart shows the
original SPY system which has done a few separate trades
SPY Ver 2 system update
Posted by matt on 27th of Feb 2013 at 10:55 am
If SPY can close over the 8 day MA today, the SPY Ver 2 system will exit its long trade tomorrow on the open. The system is listed in the Tradestaion Systems section of the website. Currently the 8 day MA is sitting at $151.10, while SPY is at $150.77. Obviously it's the close that matters.
The momentum indicator is still red, therefore this system will not hold the trade - if momentum was green then the system would hold the system for a longer period of time.
What I will cover in the webinar is why the systems do certain trades and the thought process behind the rules etc.
here's a link to the performance report - Note, this will ONLY open in Internet Explorer
clearly the SPY Ver 2
Posted by matt on 27th of Feb 2013 at 03:16 pm
clearly the SPY Ver 2 system will get it's exit signal today as SPY mostly is well above the 8 day MA, all it has to do is close above the 8 day MA to get an exit signal. HOWEVER remember this system will exit not at the close but tomorrow at the market open. The first entry was last Wed (quite early), the send entry was last Thur, and a third entry would have been Monday's decline. The system can be traded as single, or multi entry, whatever the person chooses
the first chart shows the SPY Ver 2, the second chart shows the original SPY system which has done a few separate trades
does the original SPY system
Posted by sbwoman on 27th of Feb 2013 at 03:33 pm
does the original SPY system get an exit too?
yes it exits too -
Posted by matt on 27th of Feb 2013 at 04:41 pm
yes it exits too - tomorrow on the open
Matt, could you update at these levels? Thanks
Posted by zitron on 27th of Feb 2013 at 01:39 pm
Using my iPad to trade at hospital.
Hope all is well.
Posted by hirahara on 27th of Feb 2013 at 02:59 pm
Hope all is well.