FYI the SPY Ver 2 and SPY RSI 2 systems took a first scale in,
both of these systems have two potential scale ins and can still
take a second position at lower prices.
If you are following the combined SPY systems, which include the
SPY Pro, Ver 2, and RSI 2, the breakdown is as follows:
SPY ProSPY Ver 2 SPY RSI 2
1st Entry4
0%18%18%
2nd Entry N/A
12%
12%
I had to wait until the close in order to confirm these trades
because the conditions were on the edge, the SPY Ver 2 and SPY RSI
2 systems triggered by only pennies.
SPY is trading in after hrs should you wish to take the
trades
The SPY RSI 2 system is going to continue holding the long
trade.
also had the SPY Ver 2 and Pro systems not exited vs that ood
ball filter, they too could continue holding as their momentum
indicators are green for now
So apparently the SPY Pro and Ver 2 systems exited this morning.
I've been investigating why and it's a rare stop that was
triggered called a 'bail' trade which is a set of Stochastic and
RSI filters. Again it rarely comes into play, the filter was
put into place back in 2011 for that huge market crash we had,
here's an example of it with it in place and without it. Even
without the filter the trade still stops out for about a 7.7% loss
so it wasn't too bad but the filter takes the trade out much
earlier.
The SPY RSI 2 system does not have this filter in place and so
it will remain long.
Intra day you can do what you feel is right. looking at a
5 min chart of SPX, it has sort of a bull flag look on that last
pullback, if you wanted to hold to see how the day turned out
perhaps put a stop below the last pullback low
good point, it's always been 0.45 but I think a while back I did
a test and said 0.72 was better, my TS had crashed a while back and
I must have lost that setting. The 0.72 price as a slightly
higher profit factor than 0.9 and 0.45, the 0.72% price price is at
206.72 and below, today it would have missed it by 2 cents as SPY
on TS closed at 206.74, damn close
If you feel lower prices are in store, then you can wait, up to
you. I may officially adopt this new 0.72% price but ONLY
after this trade is complete, I can't change it now that it's
sent
guys I apologize for the confusion but read what I wrote below:
I said going forward it's going to be 0.72%, however the
email that went out used the normal 0.45%, since I had already
emailed it out I'm not retracting that because that causes more
confusion and 20 or 30 angry emails from people saying they already
bought and can't sell yada yada, so I'll simply use the 0.45% this
time which is what it always used to be anyway. However from
now on AFTER this trade closes out I'll use the 0.72% instead.
Again since you guys saw it here you have one up on others
and you can clearly wait and follow that instead, again do what you
feel is right. I'll change the page to 0.72% for SPY Ver
2
Posted by nabanco98 on 27th of Jul 2015 at 04:12 pm
"The 2nd scale in has to be 0.9% better than the first entry
price for Longs, where as the scale-in for shorts is entered at 2%
better".
I am so confused what the correct second entry scale in actually
is for Spy Ver 2.
Also confused by the Basket Performance which shows SPY RSI 2
and SPY Ver 2 bother entered 7/24 at the close but one shows buy
price of 208.22 and hte other 207.94?
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SPY Ver 2 and SPY RSI 2 went long
Posted by matt on 24th of Jul 2015 at 04:03 pm
FYI the SPY Ver 2 and SPY RSI 2 systems took a first scale in, both of these systems have two potential scale ins and can still take a second position at lower prices.
If you are following the combined SPY systems, which include the SPY Pro, Ver 2, and RSI 2, the breakdown is as follows:
SPY Pro SPY Ver 2 SPY RSI 2
1st Entry 4 0% 18% 18%
2nd Entry N/A 12% 12%
I had to wait until the close in order to confirm these trades because the conditions were on the edge, the SPY Ver 2 and SPY RSI 2 systems triggered by only pennies.
SPY is trading in after hrs should you wish to take the trades
enjoy your weekend
The SPY RSI 2 system
Posted by matt on 28th of Jul 2015 at 03:02 pm
The SPY RSI 2 system is going to continue holding the long trade.
also had the SPY Ver 2 and Pro systems not exited vs that ood ball filter, they too could continue holding as their momentum indicators are green for now
So apparently the SPY Pro
Posted by matt on 28th of Jul 2015 at 10:32 am
So apparently the SPY Pro and Ver 2 systems exited this morning. I've been investigating why and it's a rare stop that was triggered called a 'bail' trade which is a set of Stochastic and RSI filters. Again it rarely comes into play, the filter was put into place back in 2011 for that huge market crash we had, here's an example of it with it in place and without it. Even without the filter the trade still stops out for about a 7.7% loss so it wasn't too bad but the filter takes the trade out much earlier.
The SPY RSI 2 system does not have this filter in place and so it will remain long.
Intra day you can do
Posted by matt on 28th of Jul 2015 at 10:35 am
Intra day you can do what you feel is right. looking at a 5 min chart of SPX, it has sort of a bull flag look on that last pullback, if you wanted to hold to see how the day turned out perhaps put a stop below the last pullback low
that bull flag playing out
Posted by matt on 28th of Jul 2015 at 10:58 am
that bull flag playing out on the 5 min. You can get out of SPY much better now if you wish, or just hold with a stop. again your choice.
the stats on the site however will show the exit on the open
the SPY Ver 2 and
Posted by matt on 27th of Jul 2015 at 03:35 pm
the SPY Ver 2 and RSI 2 systems will be taking their second entry today at the close should SPY close below a price of $207.28
I thought Ver2 was only at .9% better prices. Filled at 207.94 would be below 206.07
Posted by nabanco98 on 27th of Jul 2015 at 03:52 pm
good point, it's always been
Posted by matt on 27th of Jul 2015 at 04:03 pm
good point, it's always been 0.45 but I think a while back I did a test and said 0.72 was better, my TS had crashed a while back and I must have lost that setting. The 0.72 price as a slightly higher profit factor than 0.9 and 0.45, the 0.72% price price is at 206.72 and below, today it would have missed it by 2 cents as SPY on TS closed at 206.74, damn close
If you feel lower prices are in store, then you can wait, up to you. I may officially adopt this new 0.72% price but ONLY after this trade is complete, I can't change it now that it's sent
A close for SPY at
Posted by junkie on 27th of Jul 2015 at 04:16 pm
A close for SPY at 206.74 means there is no second entry today?
guys I apologize for the
Posted by matt on 27th of Jul 2015 at 05:53 pm
guys I apologize for the confusion but read what I wrote below: I said going forward it's going to be 0.72%, however the email that went out used the normal 0.45%, since I had already emailed it out I'm not retracting that because that causes more confusion and 20 or 30 angry emails from people saying they already bought and can't sell yada yada, so I'll simply use the 0.45% this time which is what it always used to be anyway. However from now on AFTER this trade closes out I'll use the 0.72% instead. Again since you guys saw it here you have one up on others and you can clearly wait and follow that instead, again do what you feel is right. I'll change the page to 0.72% for SPY Ver 2
The Mechanicla System Overview for Spy Ver 2 says
Posted by nabanco98 on 27th of Jul 2015 at 04:12 pm
"The 2nd scale in has to be 0.9% better than the first entry price for Longs, where as the scale-in for shorts is entered at 2% better".
I am so confused what the correct second entry scale in actually is for Spy Ver 2.
Also confused by the Basket Performance which shows SPY RSI 2 and SPY Ver 2 bother entered 7/24 at the close but one shows buy price of 208.22 and hte other 207.94?