Hello everyone, as you know the market is once again up nicely
today at least so far. This update however is on the SPY RSI
2 and SPX Ver 2 systems, which took long positions last week at the
close of Thursday and Friday.
Congrats to anyone who took the system trades as they are
now nicely profitable.
This system took a 60% long position last week at Thursday's
close and a 40% position at Friday's close for a 100% position.
This system will exit its trade today at the close and go
to cash if SPY closes above the 9 day simple moving
average. Currently the 9 SMA is at a price of
$161.06, while SPY is at $161.60, which is well above the 9 SMA,
however it's the close that matters. I will send out a
verification email near or at the close of the day for confirmation
- however it's this simple, if SPY closes over the 9 SMA, the
system will sell its long position and go to cash for a nice
winning trade!
SPX Ver 2 system:
This system took a long position last week on Thursday the close
of 100% (the system does not scale in). The trade rules are
identical for the SPX Ver 2 and SPY Ver 2 systems, however the SPY
Ver 2 system didn't take a position last week because of the
inherit differences between SPY and SPX such as gaps, indicators,
price etc.
However please note that unlike the SPY RSI 2 system,
this system is NOT going to exit its long
position because one of its trending indicators was
triggered which will allow the system to hold this trade for a
longer period of time, hopefully for higher prices.
Make sure to watch the short video that I posted above.
Remember these systems are listed in the
Tradestation Systems sectionof website where you can view detailed trade statistics,
performance reports, and rules. When the systems take or exit
a trade, I update this section about 10 - 15 min after the market
closes.
If you took these trades per the systems, congrats as they are
nicely profitable, otherwise trade them as you see fit, make your
own trading decisions.
by the way guys - SPY went ex dividend last week on Friday,
therefore if any of you took the SPY system trade from Thursday,
you will have received the
$0.81 cent dividendas well, this is also why SPY
was down on Friday even though the SPX actually closed up 5 points
on Friday.
Therefore regarding the SPY RSI 2 system trade, the addition of
the 0.81 cents dividend actually makes the trade quite
profitable
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Update on the SPY RSI 2 and SPX Ver 2 systems
Posted by matt on 27th of Jun 2013 at 11:20 am
Hello everyone, as you know the market is once again up nicely today at least so far. This update however is on the SPY RSI 2 and SPX Ver 2 systems, which took long positions last week at the close of Thursday and Friday. Congrats to anyone who took the system trades as they are now nicely profitable.
**CLICK HERE** for a quick video overview
SPY RSI 2 system:
This system took a 60% long position last week at Thursday's close and a 40% position at Friday's close for a 100% position. This system will exit its trade today at the close and go to cash if SPY closes above the 9 day simple moving average. Currently the 9 SMA is at a price of $161.06, while SPY is at $161.60, which is well above the 9 SMA, however it's the close that matters. I will send out a verification email near or at the close of the day for confirmation - however it's this simple, if SPY closes over the 9 SMA, the system will sell its long position and go to cash for a nice winning trade!
SPX Ver 2 system:
This system took a long position last week on Thursday the close of 100% (the system does not scale in). The trade rules are identical for the SPX Ver 2 and SPY Ver 2 systems, however the SPY Ver 2 system didn't take a position last week because of the inherit differences between SPY and SPX such as gaps, indicators, price etc.
However please note that unlike the SPY RSI 2 system, this system is NOT going to exit its long position because one of its trending indicators was triggered which will allow the system to hold this trade for a longer period of time, hopefully for higher prices.
Make sure to watch the short video that I posted above. Remember these systems are listed in the Tradestation Systems section of website where you can view detailed trade statistics, performance reports, and rules. When the systems take or exit a trade, I update this section about 10 - 15 min after the market closes.
If you took these trades per the systems, congrats as they are nicely profitable, otherwise trade them as you see fit, make your own trading decisions.
by the way guys -
Posted by matt on 27th of Jun 2013 at 01:12 pm
by the way guys - SPY went ex dividend last week on Friday, therefore if any of you took the SPY system trade from Thursday, you will have received the $0.81 cent dividendas well, this is also why SPY was down on Friday even though the SPX actually closed up 5 points on Friday.
Therefore regarding the SPY RSI 2 system trade, the addition of the 0.81 cents dividend actually makes the trade quite profitable