Regarding the Spy systems, the spy RSI 2 system will probably
not go long today unless we close down substantially below where we
are now, currently the 2 RSI is at 15.5%, remember it have to close
below 10% to trigger a long.
However the spy version 2 and pro systems will most likely take
long positions at the close unless we close enough off a lows - I
will know more later today and will update you.
If the spy Pro and Ver 2 Systems take a long position today, in
my opinion they will probably be buying a little too early, I could
be wrong but that's my thought of this point that they may have to
take some heat while in the trade, therefore you need to decide if
you're going to follow it or wait for lower prices. However
remember, the spy ver 2 system does a 2 part scale in of 60% for
the first position, and 40% for the second, therefore it will be
able to average down some if the market goes against it.
Our other RSI 2 system based on DVY is nowhere close to
triggering at this point, we will need a very deep cell off for
that system to take a position
regarding the SPY Pro and SPY version 2 systems, they will not take
a long trade if I spy Close is below a price of $160.89
because one of my filters kicks in. currently spy is training at
160.55
Posted by jnelson77 on 20th of Jun 2013 at 03:31 pm
Sorry Matt but just a little more clarification...so as long as
SPY closes
ABOVE 160.89then SPY PRO and SPY ver 2 goes
long....sorry goes against my natural thinking to go long if
higher
It's a filter that got triggered that causes the system to think
lower prices are in store and thus it delays the trade in an
attempt to buy in at lower prices - I don't see how that's
confusing
yes not for the SPY Pro and Ver 2 - however the RSI 2 system
will if RSI 2 closes below 10%, currently it's at 10.49% so not at
this price unless we close even lower
Quick update, regarding the SPY Pro and SPY version 2 systems,
they will not take a long division if I spy Close is below a price
of
$160.9The reason why is because one of my filters must be kicking
in to prevent the trade at lower prices than that
Thanks, its been tough keeping up the last couple of days with
use of only one hand. I've been using this online speech to text
dictation program to reply to everyone, it helps a lot but
obviously has its flaws and is slower than typing. This is how I
responded to your message now for example
Regarding the Spy systems
Posted by matt on 20th of Jun 2013 at 10:18 am
Regarding the Spy systems, the spy RSI 2 system will probably not go long today unless we close down substantially below where we are now, currently the 2 RSI is at 15.5%, remember it have to close below 10% to trigger a long.
However the spy version 2 and pro systems will most likely take long positions at the close unless we close enough off a lows - I will know more later today and will update you.
If the spy Pro and Ver 2 Systems take a long position today, in my opinion they will probably be buying a little too early, I could be wrong but that's my thought of this point that they may have to take some heat while in the trade, therefore you need to decide if you're going to follow it or wait for lower prices. However remember, the spy ver 2 system does a 2 part scale in of 60% for the first position, and 40% for the second, therefore it will be able to average down some if the market goes against it.
Our other RSI 2 system based on DVY is nowhere close to triggering at this point, we will need a very deep cell off for that system to take a position
regarding the SPY Pro and
Posted by matt on 20th of Jun 2013 at 01:23 pm
regarding the SPY Pro and SPY version 2 systems, they will not take a long trade if I spy Close is below a price of $160.89 because one of my filters kicks in. currently spy is training at 160.55
Sorry Matt but just a
Posted by jnelson77 on 20th of Jun 2013 at 03:31 pm
Sorry Matt but just a little more clarification...so as long as SPY closes ABOVE 160.89then SPY PRO and SPY ver 2 goes long....sorry goes against my natural thinking to go long if higher
It's a filter that got
Posted by matt on 20th of Jun 2013 at 03:35 pm
It's a filter that got triggered that causes the system to think lower prices are in store and thus it delays the trade in an attempt to buy in at lower prices - I don't see how that's confusing
currently the RSI 2 system
Posted by matt on 20th of Jun 2013 at 03:39 pm
currently the RSI 2 system is in play, this system has two scale-ins of 60% and 40%
Will you confirm. Or must see RSI 2 close below 10 first?
Posted by zitron on 20th of Jun 2013 at 03:55 pm
I will send out an
Posted by matt on 20th of Jun 2013 at 04:02 pm
I will send out an update shortly as I'm waiting on my TS to confirm
"Sank you, sank you very much!"
Posted by zitron on 20th of Jun 2013 at 04:03 pm
Straight from Revenge of the Nerds
SPY Mechanical Systems update
Posted by matt on 20th of Jun 2013 at 03:59 pm
Side note, the SPX Ver 2 system will be taking a long, however the SPY Ver 2 and Pro systems will not
It's not now that you
Posted by jnelson77 on 20th of Jun 2013 at 03:38 pm
It's not now that you added that Matt...very sorry for making you type with the bum wrist....thanks again
on a previous post I
Posted by matt on 20th of Jun 2013 at 03:40 pm
on a previous post I had already stated that a filter had been hit
so no long today since
Posted by himsa on 20th of Jun 2013 at 02:38 pm
so no long today since its at 159.95
yes not for the SPY
Posted by matt on 20th of Jun 2013 at 03:09 pm
yes not for the SPY Pro and Ver 2 - however the RSI 2 system will if RSI 2 closes below 10%, currently it's at 10.49% so not at this price unless we close even lower
Thaks for guidance, Matt!
Posted by hedge on 20th of Jun 2013 at 11:02 am
Quick update, regarding the SPY
Posted by matt on 20th of Jun 2013 at 10:38 am
Quick update, regarding the SPY Pro and SPY version 2 systems, they will not take a long division if I spy Close is below a price of $160.9 The reason why is because one of my filters must be kicking in to prevent the trade at lower prices than that
SPY
Posted by nichi on 20th of Jun 2013 at 10:45 am
Matt your views all aways appreciated
Thanks, its been tough keeping
Posted by matt on 20th of Jun 2013 at 10:49 am
Thanks, its been tough keeping up the last couple of days with use of only one hand. I've been using this online speech to text dictation program to reply to everyone, it helps a lot but obviously has its flaws and is slower than typing. This is how I responded to your message now for example
http://ctrlq.org/dictation/
Very interesting. Of course it's google Chrome ...
Posted by cubby on 20th of Jun 2013 at 11:25 am
[joke] It looks like something I might want. Great idea.