Hello everyone, I hope all is well. This is an update to
the trade status for the SPY Mechanical systems: SPY Pro, SPY
Ver 2, and SPY RSI 2 systems that are all currently in long
trades.
The SPY Ver 2 system has been long since Jan 15th from a price
of $199.02. If the market holds up today and if SPY can close
above the 8 day simple moving average (SMA), an exit signal will be
generated for this system. However the system would NOT exit
today at the close, it would exit tomorrow morning on the open and
would go to a cash position.
SPY Pro system like the SPY Ver 2 system would also exit
tomorrow morning on the open should SPY close above its 8 SMA. This
system went long too early as you know, back on Dec 30th at a price
of $207.6.
The SPY RSI 2 system (like the SPY Ver 2) has been long since
Jan 15th from a price of $199.02. If the market holds up
today and if SPY can close above the 9 day simple moving average
(SMA), an exit signal will be generated for this system.
However the system WOULD EXIT TODAY AT THE CLOSE! and go
to a cash position, unlike the other two which will exit tomorrow
morning on the open.
If the exit condition is met today the SPY Ver 2 and RSI 2
systems will close out very nice winning trades.
These last trades show why I think it's best to play all three
of the SPY systems (SPY Pro, SPY Ver 2, SPY RSI 2) vs only playing
the SPY Pro system as some of you do, because if you play all three
of you you get a diversification, and in this case you can see that
clearly the SPY Ver 2 and RSI 2 systems went long at a much better
price of $199.02 vs $207.6 or about $8.6 points better! You
may ask, how could I trade all three systems at once? Well
that's easy, it's all SPY, so the math works out, just fine, simply
allocate the the % of the capital that you set aside to trade for
each system.
CLICK HERE to see the trade history of all the systems
I will send out a confirmation email later day. However
you can watch this on your own:
For the SPY Pro and Ver 2 systems watch the 8 day SMA, price
needs to close about that MA, currently it's at $201.93. For
the SPY RSI 2 system, it uses the 9 SMA which is currently at
$202.37 - currently SPY is trading at $202.98. So you can
simply monitor those MA's on your own.
Also news wise remember we have the ECB coming out about an hr
before the market opens tomorrow.
Trade Confirmations - with the pushing up into the close the SPY
RSI 2 system is closing it's long trade out at the close for a nice
winning trade. The SPY Pro and Ver 2 systems will close out
of their long trades tomorrow morning on the open, NOT at the close
today, only the RSI 2 system is exiting at the close.
Trading in the QE world with banksters running the show, and
leaking sh** off ... sometime feels like being stuck making
bets on a boxing match with Don King as the promoter ...
:D
Title: SPY Mechanical Systems update Hello
FYI - Possible System trades today
Posted by matt on 21st of Jan 2015 at 01:06 pm
Hello everyone, I hope all is well. This is an update to the trade status for the SPY Mechanical systems: SPY Pro, SPY Ver 2, and SPY RSI 2 systems that are all currently in long trades.
The SPY Ver 2 system has been long since Jan 15th from a price of $199.02. If the market holds up today and if SPY can close above the 8 day simple moving average (SMA), an exit signal will be generated for this system. However the system would NOT exit today at the close, it would exit tomorrow morning on the open and would go to a cash position.
SPY Pro system like the SPY Ver 2 system would also exit tomorrow morning on the open should SPY close above its 8 SMA. This system went long too early as you know, back on Dec 30th at a price of $207.6.
The SPY RSI 2 system (like the SPY Ver 2) has been long since Jan 15th from a price of $199.02. If the market holds up today and if SPY can close above the 9 day simple moving average (SMA), an exit signal will be generated for this system.
However the system WOULD EXIT TODAY AT THE CLOSE! and go to a cash position, unlike the other two which will exit tomorrow morning on the open.
If the exit condition is met today the SPY Ver 2 and RSI 2 systems will close out very nice winning trades.
These last trades show why I think it's best to play all three of the SPY systems (SPY Pro, SPY Ver 2, SPY RSI 2) vs only playing the SPY Pro system as some of you do, because if you play all three of you you get a diversification, and in this case you can see that clearly the SPY Ver 2 and RSI 2 systems went long at a much better price of $199.02 vs $207.6 or about $8.6 points better! You may ask, how could I trade all three systems at once? Well that's easy, it's all SPY, so the math works out, just fine, simply allocate the the % of the capital that you set aside to trade for each system.
CLICK HERE to see the trade history of all the systems
I will send out a confirmation email later day. However you can watch this on your own:
For the SPY Pro and Ver 2 systems watch the 8 day SMA, price needs to close about that MA, currently it's at $201.93. For the SPY RSI 2 system, it uses the 9 SMA which is currently at $202.37 - currently SPY is trading at $202.98. So you can simply monitor those MA's on your own.
Also news wise remember we have the ECB coming out about an hr before the market opens tomorrow.
Matt
SPY System trades confirmed
Posted by matt on 21st of Jan 2015 at 03:55 pm
Trade Confirmations - with the pushing up into the close the SPY RSI 2 system is closing it's long trade out at the close for a nice winning trade. The SPY Pro and Ver 2 systems will close out of their long trades tomorrow morning on the open, NOT at the close today, only the RSI 2 system is exiting at the close.
Matt ECB happened early today, for readers
Posted by torvix on 21st of Jan 2015 at 01:11 pm
yes the statement was leaked,
Posted by matt on 21st of Jan 2015 at 01:19 pm
yes the statement was leaked, but the event is still tomorrow
That was a 'proposal' leaked
Posted by a_l_ on 21st of Jan 2015 at 01:13 pm
That was a 'proposal' leaked by BBG that can be significantly revised.
Probably a trial balloon by the ECB with their central planning media cohorts to see if it was enough for markets.
who knows, otherwise I'm tried
Posted by matt on 21st of Jan 2015 at 01:17 pm
who knows, otherwise I'm tried of all the QE crap and artificial markets
I agree ...
Posted by mla127 on 21st of Jan 2015 at 01:37 pm
Trading in the QE world with banksters running the show, and leaking sh** off ... sometime feels like being stuck making bets on a boxing match with Don King as the promoter ... :D
maybe but
Posted by hazbin1 on 21st of Jan 2015 at 02:27 pm
mla, more like grandma Yellen, puppet master.
Amen, brother.
Posted by a_l_ on 21st of Jan 2015 at 01:17 pm
Amen, brother.