Hello everyone, the DVY RSI 2 Mechanical System is going to take
a long trade today at the close. A couple of things to
note:
1. Unlike the SPY ETF, DVY is not liquid after hrs, thus you
can't easily enter it in the after hrs market like you can with
SPY, thus if you are going to follow the trade, enter it just
before the close.
2. This system rarely does trades, however they are generally
correct. However it doesn't guarantee that it will be a
winning trade and it can take draw down.
3. The Stop on this system is much tighter than the SPY systems,
it is set at 4% from entry.
I will update the trade log page on the website shortly after
the close in order to reflect the trade,
CLICK HEREto see that section
DVY Mechanical System Trade Alert
Posted by matt on 4th of Mar 2015 at 03:29 pm
Hello everyone, the DVY RSI 2 Mechanical System is going to take a long trade today at the close. A couple of things to note:
1. Unlike the SPY ETF, DVY is not liquid after hrs, thus you can't easily enter it in the after hrs market like you can with SPY, thus if you are going to follow the trade, enter it just before the close.
2. This system rarely does trades, however they are generally correct. However it doesn't guarantee that it will be a winning trade and it can take draw down.
3. The Stop on this system is much tighter than the SPY systems, it is set at 4% from entry.
I will update the trade log page on the website shortly after the close in order to reflect the trade, CLICK HERE to see that section
When are you planning to
Posted by cuqui69 on 5th of Mar 2015 at 04:14 pm
When are you planning to post the weekly ETF's systems?
Here's confirmation, also the stop
Posted by matt on 4th of Mar 2015 at 04:12 pm
Here's confirmation, also the stop loss is set at $75.34
also the trade has been added to the section
CLICK HERE to see that section
Im confused is this a
Posted by jdaswani on 4th of Mar 2015 at 04:06 pm
Im confused is this a SPY system or Select Dividend ETF? I bought 1000 SPYs on the close
DVY Mechanical System Trade Alert
Posted by matt on 4th of Mar 2015 at 04:11 pm
it says DVY system not SPY,