Video on Precious metals and pm trade ideas

    Posted by matt on 5th of Oct 2015 at 11:52 am

    I made this detail video on the precious metal area yesterday and I thought I had emailed it out last night however apparently I sent to the wrong email list and didn't realize it until today, here's the video, 

    CLICK HERE  to watch a video

    they are always posted here

    Posted by matt on 5th of Oct 2015 at 12:14 pm

    they are always posted here as sticky posts on the day they occur.  Then they are emailed out to everyone on the website, then they are updated to the trades section in the mechanical systems section.  There's not much else to do but send a courier to your door to physically tell you Wink

    that said - honestly I didn't like that trade on Friday I thought it was too early personally, but I have to report the system trades as they come and systems have bad trades from time to time, fact of life, follow them or don't' follow them.  

    If you missed that notification on Friday you should feel fortunate as the market is having a strong day today and so you avoided being short coming into today.  Now you can either short higher prices or not follow it, your choice.

    by the way the second entries for the SPY Ver 2 and SPY RSI 2 systems will be >= $198.2 on a closing basis for SPY.  

    thanks matt

    Posted by torvix on 5th of Oct 2015 at 12:53 pm

    FYI for the SPY Ver

    Posted by matt on 5th of Oct 2015 at 12:15 pm

    FYI for the SPY Ver 2 and RSI 2 systems which are currently short, they will enter a second position if SPY closes above a price of 198.9. This is on a closing basis not entry day.  SPY has to close above 198.9 in order for these systems add to their shorts with a second entry

    Matt, 198.9 or 198.2 as

    Posted by laouuu on 5th of Oct 2015 at 01:05 pm

    Matt, 198.9 or 198.2 as in your previous post?

    198.9, the second entry for

    Posted by matt on 5th of Oct 2015 at 01:33 pm

    198.9, the second entry for the shorts is 2% higher than the first entry:  195 * 1.02 = 198.9

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