FYI - the SPY Pro and Ver 2 systems may take a long trade today
at the close, currently SPY needs to close below a price of $207.54
in order for this to happen, however this can change by a few cents
before the close. At this time it appears that the SPY RSI 2
system will remain in cash. If conditions are met, if you are
following the SPY Pro combined system, which combines the three SPY
systems together (40% SPY Pro, 30% SPY Ver 2, and 30% SPY RSI 2),
the trade would break down as follows, see the table below.
Also remember that the SPY Ver 2 and RSI 2 systems have two
scaleins, so this would only be the first scale in. This
would constitute buying a
58% positioninto
SPY for the SPY Pro combined system, which leaves the system able
to average in at lower prices should the market hit lower prices
next week
SPY ProSPY Ver
2SPY RSI 2
1st Entry40% 18%
18%
2nd Entry N/A
12%
12%
For our Ditto Trade subscribers the trade will of course
automatically be entered for you by their broker.
If you happen to be on a free trial, since these trades can
lasts weeks at a time, which means your trial could end before the
system exits the trade, I think it only makes sense to follow the
systems via a 6 month membership!
Man that buy signal that the SPY systems were giving on Friday
would have been good for a nice pop, too bad they were lost at the
close on Friday as the market has bounced too much off the lows the
last 30 min
clearly with the bounce off the lows the conditions are not even
close to being met at the moment for the systems to take a long, we
would have to sell off the last 15 min back to the lows for that to
occur.
I see this behavior a lot, I wish I had better stats on it, what
I mean is a lot of times I see where the system has me the trade
conditions intra day, but price closes off the lows so that the
trade condition is no longer met and thus there is no trade on the
daily chart by the close. However intra day had you taken the
signal, you would have had a heck of a day trade, like today it
came just near the low of the day! I've seen this time and
time again, but I have no way to test it in the past because it's a
daily chart, but it's something that I've noted for a long time,
perhaps I should keep track going forward in an Excel sheet because
you can only see this in real time. Anyway interesting
thought.
Posted by frtaylor on 20th of Apr 2015 at 08:25 am
Very interesting! If you want me to comb through your site posts
to find the time of day when you posted signals that did not
trigger EOD, I can give it a try!
SPY Mechanical Systems potential Trade
Posted by matt on 17th of Apr 2015 at 03:30 pm
FYI - the SPY Pro and Ver 2 systems may take a long trade today at the close, currently SPY needs to close below a price of $207.54 in order for this to happen, however this can change by a few cents before the close. At this time it appears that the SPY RSI 2 system will remain in cash. If conditions are met, if you are following the SPY Pro combined system, which combines the three SPY systems together (40% SPY Pro, 30% SPY Ver 2, and 30% SPY RSI 2), the trade would break down as follows, see the table below.
Also remember that the SPY Ver 2 and RSI 2 systems have two scaleins, so this would only be the first scale in. This would constitute buying a 58% positioninto SPY for the SPY Pro combined system, which leaves the system able to average in at lower prices should the market hit lower prices next week
SPY Pro SPY Ver 2 SPY RSI 2
1st Entry 40% 18% 18%
2nd Entry N/A 12% 12%
For our Ditto Trade subscribers the trade will of course automatically be entered for you by their broker.
If you happen to be on a free trial, since these trades can lasts weeks at a time, which means your trial could end before the system exits the trade, I think it only makes sense to follow the systems via a 6 month membership!
Man that buy signal that
Posted by matt on 20th of Apr 2015 at 09:48 am
Man that buy signal that the SPY systems were giving on Friday would have been good for a nice pop, too bad they were lost at the close on Friday as the market has bounced too much off the lows the last 30 min
SPY Mechanical Systems potential Trade
Posted by matt on 17th of Apr 2015 at 03:46 pm
clearly with the bounce off the lows the conditions are not even close to being met at the moment for the systems to take a long, we would have to sell off the last 15 min back to the lows for that to occur.
I see this behavior a lot, I wish I had better stats on it, what I mean is a lot of times I see where the system has me the trade conditions intra day, but price closes off the lows so that the trade condition is no longer met and thus there is no trade on the daily chart by the close. However intra day had you taken the signal, you would have had a heck of a day trade, like today it came just near the low of the day! I've seen this time and time again, but I have no way to test it in the past because it's a daily chart, but it's something that I've noted for a long time, perhaps I should keep track going forward in an Excel sheet because you can only see this in real time. Anyway interesting thought.
Matt, Thank you for the
Posted by jdeen on 17th of Apr 2015 at 03:58 pm
Matt, Thank you for the good information. I really appreciate it.
Joe
no problem - anyway clearly
Posted by matt on 17th of Apr 2015 at 04:00 pm
no problem - anyway clearly no trades today, conditions were met near the lows but were lost with the rally off the afternoon lows.
but had one taken the intra day signal it would have been a nice day trade bounce. again maybe something I'll pay more attention to going forward
Very interesting! If you want
Posted by frtaylor on 20th of Apr 2015 at 08:25 am
Very interesting! If you want me to comb through your site posts to find the time of day when you posted signals that did not trigger EOD, I can give it a try!
Hi Matt when are you
Posted by cuqui69 on 17th of Apr 2015 at 04:02 pm
Hi Matt when are you coming out with the weekly systems?