Yes - that functionality is still there, I just have don't show
it, it's a simple true/false statement.
and remember that blue color occurred by a stochastic or RSI
length that you pre set - it's on the file that you version that
you can download on the site as well
Hi Matt, We have the SPY Pro on a daily buy and SP Delux in a
daily sell. What type of style/method/approach would one use in
that scenario of conflicting signals?
torvix- remember
the BPT MA Deluxe is not a system yet, it's a trending indicator
and can be used for that knowledge, and once it's an official
system, it will be a trending system, whereas the SPY systems are
reversion to mean systems, they are completely different concepts
and mutually exclusive.
you can use them both and trade around them both actually, there
are many different ETF's for SPX, one could trade both at the same
time if you wanted, just like one could trade all three SPY systems
at the same time by allocating different percentages to each one.
Thanks Matt. How would you use them? would it be on the basis we
are in a range as evidenced by the conflict, hence sell strength
and buy weakness, while we wait for both indicators to point in the
same direction?
First off you should not use the word conflict - there is no
conflict between the two - the SPY reversion to mean systems go
long when the BPT MA red quite a lot because they buy dips, the BPT
MA is like turning a big ship, it's slow to respond and turn, many
times when it first turns over red the market is oversold short
term and in due for a short term bounce and the SPY systems don't
need much of a bounce to get out. now last night I discussed
this trade on the SPY systems the FOMC tomorrow, this is higher
risk, one could think about buying some put protection - if the FED
mentions taper tomorrow the market won't like it.
I can discuss this topic later - right now I'm responding to
others with trading questions on setups and trying to manage some
things myself, so this is a topic for after hrs or mid day when the
market is slower, you can also send me a pm or email to:
support@breakpointtrades.com and we can have a further discussion
in off time
the SPY systems were all profitable yesterday, so if anyone was
overly nervous one could have taken the position off or 1/2 the
position off for profits, heck they are still slightly profitable
even with the down move this morning- tomorrows FOMC could be
market moving
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Hi Matt: In one of the
BPT MA Deluxe - adding an Elliot Wave logic to it using a novel approach
Posted by nickross on 17th of Dec 2013 at 07:40 am
Hi Matt:
In one of the earlier versions of the BPT MA Indicator, you had it turn Blue at times between Green and Red.
Have you removed this logic from the new version? Does it make sense having the indicator turn Blue or to remove it completely?
Thanks!
Yes - that functionality is
Posted by matt on 17th of Dec 2013 at 09:28 am
Yes - that functionality is still there, I just have don't show it, it's a simple true/false statement.
and remember that blue color occurred by a stochastic or RSI length that you pre set - it's on the file that you version that you can download on the site as well
Conflicting signals
Posted by torvix on 17th of Dec 2013 at 09:18 am
Hi Matt, We have the SPY Pro on a daily buy and SP Delux in a daily sell. What type of style/method/approach would one use in that scenario of conflicting signals?
torvix- remember the BPT MA Deluxe
Posted by matt on 17th of Dec 2013 at 09:40 am
torvix- remember the BPT MA Deluxe is not a system yet, it's a trending indicator and can be used for that knowledge, and once it's an official system, it will be a trending system, whereas the SPY systems are reversion to mean systems, they are completely different concepts and mutually exclusive.
you can use them both and trade around them both actually, there are many different ETF's for SPX, one could trade both at the same time if you wanted, just like one could trade all three SPY systems at the same time by allocating different percentages to each one.
Thanks Matt. How would you
Posted by torvix on 17th of Dec 2013 at 10:17 am
Thanks Matt. How would you use them? would it be on the basis we are in a range as evidenced by the conflict, hence sell strength and buy weakness, while we wait for both indicators to point in the same direction?
First off you should not
Posted by matt on 17th of Dec 2013 at 10:28 am
First off you should not use the word conflict - there is no conflict between the two - the SPY reversion to mean systems go long when the BPT MA red quite a lot because they buy dips, the BPT MA is like turning a big ship, it's slow to respond and turn, many times when it first turns over red the market is oversold short term and in due for a short term bounce and the SPY systems don't need much of a bounce to get out. now last night I discussed this trade on the SPY systems the FOMC tomorrow, this is higher risk, one could think about buying some put protection - if the FED mentions taper tomorrow the market won't like it.
I can discuss this topic later - right now I'm responding to others with trading questions on setups and trying to manage some things myself, so this is a topic for after hrs or mid day when the market is slower, you can also send me a pm or email to: support@breakpointtrades.com and we can have a further discussion in off time
the SPY systems were all
Posted by matt on 17th of Dec 2013 at 10:33 am
the SPY systems were all profitable yesterday, so if anyone was overly nervous one could have taken the position off or 1/2 the position off for profits, heck they are still slightly profitable even with the down move this morning- tomorrows FOMC could be market moving