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
So apparently the SPY Pro
SPY Ver 2 and SPY RSI 2 went long
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