Futures this evening

    Futures this evening

    Posted by matt on 30th of Sep 2015 at 09:43 am

    junkie / Roy - yes the system would go long if the market sold down and made new lows, but it has to move by a certain % lower in order to take another position.

    That said - the system is actually looking to close out possible today as one of the indicators for the bear market long are above 50%.

    The bear market long trade

    Posted by matt on 30th of Sep 2015 at 03:50 pm

    The bear market long trade on SPY (that I discussed on Monday and earlier) would be closing out today, same for the ES daily system (will send email to folks for that specifically though)

    actually SPY did not close,

    Posted by matt on 30th of Sep 2015 at 04:08 pm

    actually SPY did not close, the slight pullback the last few min allowed SPY to stay long, ES though still looking to exit

    Thank you, Matt: it's been

    Posted by junkie on 30th of Sep 2015 at 10:28 am

    Thank you, Matt: it's been a profitable trade! I took only one ES contract, and should have taken two and sold one on a bounce to provide me with a cushion. This is obvious in the retrospect.

    My concern was about where to put a stop in case the market had gone lower. Stops are not part of your system, but I could not convince myself that I could let the trade go against me because it was counter-trend and in the bear (corrective) market. I would have re-entered lower, of course, if stopped out.

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