Hi Guys, as you know I'm still in FL with the family, everything
going well, a little sun burnt, but otherwise the family is having
a great time, especially my daughter Olivia.
However I have some bad news, regarding the SPY systems, my
programmer was supposed to be checking on these while I was gone,
well I just logged onto my computer remotely from my hotel room and
noticed that both the SPY Pro and SPY Ver 2 systems took short
trades yesterday at the close! I'm not sure why James didn't
catch this, but it is what it is, I guess I can't go on vacation
anymore, UGH! very annoying for you and for me. I will
however say that this trade type is a rare short trade in a bull
market, it's what is called a 60 Stochastic Rejection off 80%
level, see the first image. Anyway I'm not sure what to do
about that rally, not good risk reward to chase.
Also while I'm here, our other SPY system the SPY RSI 2 system,
it is close to taking a long position, but it needs a little more
sell off.
note even though the SPY system went short on Wed and we didn't
catch it until Thursday, on Friday SPY did bounce back to the same
price where the system had shorted on Wed, the system took the
short on Wed close at $210.50, on Friday SPY hit $210.58 in the
morning at the highs, so one could have taken it I suppose on
Friday. But again I wasn't here to send that out, and with
the Greek backdrop news it's understandable
Now regarding the
SPY RSI 2 system,
it would normally take a long position today, however price is
below the long term MA, the system uses the 160 MA, since price is
below that, it will not take a long even though RSI 2 is
oversold.
Yes and no - problem is the way that I have to load the trades
into the website it will display the short trade. How it
works is that I save the Tradestation performance reports for the
systems and load them to the website in the mechanical systems
section - which then pulls the data out of the reports and displays
the trades in that section. At the moment there is no way for
me to manually add trades, they are added directly from the TS
reports. So if I don't disclose the trades, next time the SPY
systems do a trade and I upload the TS reports you will all see
that short trade and ask me, "what's this trade, why is it here, we
didn't see it, are you trying to scam us or something.
honestly if I could manually input a trade and bypass the TS
report, I wouldn't have bothered telling you about it, but because
I have to load the TS reports into the website, I can't hide it and
it will show up as a trade in the trades list
Plus I posted the SPY system trade here on the blog on
Thursday eveningso anyway who wanted to possibly enter it could have on
Friday because I wasn't here and had the market bounced back some
to get closer to the entry some may have chosen to take the
trade.
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Checking in and SPY system update
Posted by matt on 25th of Jun 2015 at 06:07 pm
Hi Guys, as you know I'm still in FL with the family, everything going well, a little sun burnt, but otherwise the family is having a great time, especially my daughter Olivia.
However I have some bad news, regarding the SPY systems, my programmer was supposed to be checking on these while I was gone, well I just logged onto my computer remotely from my hotel room and noticed that both the SPY Pro and SPY Ver 2 systems took short trades yesterday at the close! I'm not sure why James didn't catch this, but it is what it is, I guess I can't go on vacation anymore, UGH! very annoying for you and for me. I will however say that this trade type is a rare short trade in a bull market, it's what is called a 60 Stochastic Rejection off 80% level, see the first image. Anyway I'm not sure what to do about that rally, not good risk reward to chase.
Also while I'm here, our other SPY system the SPY RSI 2 system, it is close to taking a long position, but it needs a little more sell off.
Anyway I will not be back until Saturday evening,
note even though the SPY
Posted by matt on 29th of Jun 2015 at 11:52 am
note even though the SPY system went short on Wed and we didn't catch it until Thursday, on Friday SPY did bounce back to the same price where the system had shorted on Wed, the system took the short on Wed close at $210.50, on Friday SPY hit $210.58 in the morning at the highs, so one could have taken it I suppose on Friday. But again I wasn't here to send that out, and with the Greek backdrop news it's understandable
Now regarding the SPY RSI 2 system, it would normally take a long position today, however price is below the long term MA, the system uses the 160 MA, since price is below that, it will not take a long even though RSI 2 is oversold.
spy not below 160ma
Posted by tsurplus on 29th of Jun 2015 at 02:58 pm
Matt, when I look at stockcharts, spy is just around 160ma, but not below.
Matt there is little point posting trades after they arise. I wish you and family a very nice break.
Posted by torvix on 29th of Jun 2015 at 05:28 am
Yes and no - problem
Posted by matt on 29th of Jun 2015 at 09:16 am
Yes and no - problem is the way that I have to load the trades into the website it will display the short trade. How it works is that I save the Tradestation performance reports for the systems and load them to the website in the mechanical systems section - which then pulls the data out of the reports and displays the trades in that section. At the moment there is no way for me to manually add trades, they are added directly from the TS reports. So if I don't disclose the trades, next time the SPY systems do a trade and I upload the TS reports you will all see that short trade and ask me, "what's this trade, why is it here, we didn't see it, are you trying to scam us or something.
honestly if I could manually input a trade and bypass the TS report, I wouldn't have bothered telling you about it, but because I have to load the TS reports into the website, I can't hide it and it will show up as a trade in the trades list
Plus I posted the SPY
Posted by matt on 29th of Jun 2015 at 09:28 am
Plus I posted the SPY system trade here on the blog on Thursday evening so anyway who wanted to possibly enter it could have on Friday because I wasn't here and had the market bounced back some to get closer to the entry some may have chosen to take the trade.