Yes - remember this system exits on the next day open, so when I
relay the sell signal in the afternoon, you have until the next
morning to exit. The trigger to exit right now is a custom
momentum indicator which you don't have, so you can't watch it on
your end. I'll keep everyone posted.
Again I want to point out to folks that these latest trades are
good examples why even though the SPY Pro has the best statistics
overall, it's best to play all the systems for diversification as
SPY Ver 2 and DVY RSI 2 made money and bought at better prices,
thus off setting the SPY Pro entry that was too early.
SPY PRO system
Posted by shinings on 13th of Aug 2014 at 11:47 am
Matt, it looks like SPY is creeping up today again. Can you let us know what can trigger SPY to exit its long position? such as close above 20MA?
I know closing the position means exiting the following day on the open, but I think we all are curious to know what's gonna happen next.
Thanks,
Yes - remember this system
Posted by matt on 13th of Aug 2014 at 12:11 pm
Yes - remember this system exits on the next day open, so when I relay the sell signal in the afternoon, you have until the next morning to exit. The trigger to exit right now is a custom momentum indicator which you don't have, so you can't watch it on your end. I'll keep everyone posted.
Again I want to point out to folks that these latest trades are good examples why even though the SPY Pro has the best statistics overall, it's best to play all the systems for diversification as SPY Ver 2 and DVY RSI 2 made money and bought at better prices, thus off setting the SPY Pro entry that was too early.
Very sound strategy...thanks Matt!
Posted by swh13 on 13th of Aug 2014 at 12:29 pm
Very sound strategy...thanks Matt!