the reason why I have multiple reversion to the mean SPY systems
is because sometimes the other SPY systems will enter later or at
better prices or catch trades the SPY Pro doesn't, thus if you
trade all the systems, you get to average in some. again
again never put 100% of your capital into any system trade or
systems.
right now the SPY Ver 2 system is trade signal went away, it's
gonna be hit or miss here, if the market closed here it won't take
a trade, if it closes down again it will. The conditions are
still met for the SPY RSI 2 and Pro systems.
again best to confirm at the close since SPY is liquid as
hell
I thought you made the call that the SPY Pro was not going to
officially take the short on Thursday, so it seems kind of
incorrect, statistically speaking, that the trade is included in
the trade history...?
because as I stated previously, because that exhaustion trade
worked well, I adjusted my settings to allow that trade for the SPY
system in the future. I don't care about past trades, I care
about the system trades going forward, which is what you guys
should care about as well.
it wouldn't be as liquid in after hrs, and also best to stay
around from these triple levered ETF's unless you are keeping the
position size small, don't max out with those things.
I don't know, all I know is the indicators that need to be a
certain levels and from that it's not always easy to extrapolate
what the price SPY would be if an indicator was at X level.
the SPY RSI 2 system needs the RSI 2 to be below 10%. I
have filters for this system but they are not being triggered
today, so whatever price that is, you could probably extrapolate
it
SPY Ver 2 and Pro system will most likely take
positions.
DVY RSI 2 system is still long from Jan 27th and not going to
sell yet
also we are establishing a relationship with Ditto trader for
those who want to have the trades executed for them automatically,
even in after hrs trading
the 60 min is about to turn red on the 60 min, it's flipping
back and forth between green and red and so if we go lower and stay
it will turn red, but if we bounce it will stay green. And
this is on SPY, it's probably different on other ETF's.
The daily is still green. Remember the indicator reacts
much faster on the long side because sell signals are much more
difficult. Many times by the time it turns red the market is
oversold short term and better to wait for a bounce. Too many
of you guys want a 100% turn key solution holy grail, but you
should always use some common sense and other indicators/analysis
with it
so or example at the moment the BPT MA Deluxe on the 60 min is
red, however 14 and 60 stochastics are oversold, so does it make
sense to short now? maybe it goes lower on momentum but risk/reward
is not good and thus better to wait for a bounce. Also the
daily is still green for now
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SPY systems
Posted by matt on 13th of Mar 2014 at 12:38 pm
it takes about 2 min for SPY to finalize after the close for TS before my system gives the official results, so here you go:
Here's the final notification for the SPY systems.
- The SPY Pro system, went long at the close
- The SPY Ver 2 system, no trade, remains in cash
- The SPY RSI 2 system, went long at the close 60% position.
CLICK HERE to see the trade list
the reason why I have
Posted by matt on 13th of Mar 2014 at 04:16 pm
the reason why I have multiple reversion to the mean SPY systems is because sometimes the other SPY systems will enter later or at better prices or catch trades the SPY Pro doesn't, thus if you trade all the systems, you get to average in some. again again never put 100% of your capital into any system trade or systems.
correction typo - the SPY
Posted by matt on 13th of Mar 2014 at 04:28 pm
correction typo - the SPY Ver 2 system did not take a long and remains in cash, the SPY RSI 2 did
right now the SPY Ver
Posted by matt on 13th of Mar 2014 at 03:48 pm
right now the SPY Ver 2 system is trade signal went away, it's gonna be hit or miss here, if the market closed here it won't take a trade, if it closes down again it will. The conditions are still met for the SPY RSI 2 and Pro systems.
again best to confirm at the close since SPY is liquid as hell
it takes about 2 min
Posted by matt on 13th of Mar 2014 at 04:05 pm
it takes about 2 min for SPY to finalize after the close for TS before my system gives the official results, so here you go:
Here's the final notification for the SPY systems.
- The SPY Pro system, went long at the close
- The SPY Ver 2 system, went long at the close 60% position.
- The SPY RSI 2 system, no trade did not go long.
I will update the trade list on the website shortly.
Why is the exhaustion short from Thursday added to SPY Pro?
Posted by zpbsfg on 13th of Mar 2014 at 04:50 pm
I thought you made the call that the SPY Pro was not going to officially take the short on Thursday, so it seems kind of incorrect, statistically speaking, that the trade is included in the trade history...?
because as I stated previously,
Posted by matt on 13th of Mar 2014 at 05:59 pm
because as I stated previously, because that exhaustion trade worked well, I adjusted my settings to allow that trade for the SPY system in the future. I don't care about past trades, I care about the system trades going forward, which is what you guys should care about as well.
lower priced substitute for SPY long?
Posted by bravestar on 13th of Mar 2014 at 03:50 pm
shorting SH how would that be? suspect i can't do that.
I use UPRO
Posted by jdonpo60655 on 13th of Mar 2014 at 07:26 pm
I use UPRO
is upro liquid after hours ?
Posted by mohane on 13th of Mar 2014 at 08:42 pm
it wouldn't be as liquid
Posted by matt on 13th of Mar 2014 at 10:35 pm
it wouldn't be as liquid in after hrs, and also best to stay around from these triple levered ETF's unless you are keeping the position size small, don't max out with those things.
Yes. Not nearly as liquid
Posted by zpbsfg on 13th of Mar 2014 at 09:11 pm
Yes. Not nearly as liquid as SPY, but pretty liquid.
I use the Canadian etf
Posted by cal1 on 13th of Mar 2014 at 04:01 pm
I use the Canadian etf double long HSU.TO for longs and HSD.TO for shorts.
SCHX, tracks well.
Posted by lmvine on 13th of Mar 2014 at 03:54 pm
SCHX, tracks well.
Matt, What SPX Price would cause
Posted by jdeen on 13th of Mar 2014 at 03:13 pm
Matt,
What SPX Price would cause the SPY Pro system take a long?
I don't know, all I
Posted by matt on 13th of Mar 2014 at 03:20 pm
I don't know, all I know is the indicators that need to be a certain levels and from that it's not always easy to extrapolate what the price SPY would be if an indicator was at X level.
the SPY RSI 2 system needs the RSI 2 to be below 10%. I have filters for this system but they are not being triggered today, so whatever price that is, you could probably extrapolate it
SPY Ver 2 and Pro system will most likely take positions.
DVY RSI 2 system is still long from Jan 27th and not going to sell yet
also we are establishing a relationship with Ditto trader for those who want to have the trades executed for them automatically, even in after hrs trading
how about the bpt ma
Posted by john9o9 on 13th of Mar 2014 at 01:19 pm
how about the bpt ma deluxe daily?
still green
Posted by jgoot on 13th of Mar 2014 at 01:49 pm
still green
the 60 min is about
Posted by matt on 13th of Mar 2014 at 02:58 pm
the 60 min is about to turn red on the 60 min, it's flipping back and forth between green and red and so if we go lower and stay it will turn red, but if we bounce it will stay green. And this is on SPY, it's probably different on other ETF's.
The daily is still green. Remember the indicator reacts much faster on the long side because sell signals are much more difficult. Many times by the time it turns red the market is oversold short term and better to wait for a bounce. Too many of you guys want a 100% turn key solution holy grail, but you should always use some common sense and other indicators/analysis with it
Actually my thoughts are if
Posted by john9o9 on 13th of Mar 2014 at 04:05 pm
Actually my thoughts are if the daily stays green it would support taking a long position here, fwiw.
so or example at the
Posted by matt on 13th of Mar 2014 at 03:15 pm
so or example at the moment the BPT MA Deluxe on the 60 min is red, however 14 and 60 stochastics are oversold, so does it make sense to short now? maybe it goes lower on momentum but risk/reward is not good and thus better to wait for a bounce. Also the daily is still green for now