It's geared to SPY, for SSO and SDS you would simply use the use
the signals off the SPY system and buy SDS or SSO. Just like
when NUGT and DUST, I generally get my signals off GDX charts.
the ES system is actually still short, though it's so dang close
to finally closing it out, just a hair is needed on one of the
indicators, that thing went short at 2054, so it's up like 135
points jeez.
actually with this last sell off, ES system is gonna close out
finally today, that last push down was all that was needed to get
the indicator in range
closed out. The ES system is not long, it is now flat.
It can't technically close out a trade and open a new trade
on the same bar. Should the market sell off on next Monday it
would take a long, but for now it's flat
here's an example of the monthly returns using 3 ES contracts on
average, 6 max on a second entry
by the way guys, if the system does a trade I won't be able to
add to the website stats at this time to reflect it, the new system
is not in a form where I can upload TS reports to the website yet.
The way I add trades to that section is I save a TS
performance report and load it into the website and the website
take the trades directly from the report. However at this
time I still don't have all the trades completed in on chart format
to add to the site. So if you don't see the trade on the
website that's why, I need a way I can manually add them, will ask
my programmer if he can set that up
Posted by blorrilliere on 8th of Jan 2016 at 03:41 pm
Matt sent an email
"
Hello everyone, as you know it's been quite a week! Anyway
regarding the new SPY Pro system, it's been flat for a while now,
however it's likely that it will be taking a long position today at
the close. I will confirm this shortly after the close,
however this email is an early heads up. This system has 2
entries, therefore this will be the first entry and should prices
go lower next week, it can take a second entry in order to average
down. The system takes a 60% position on the first entry, and
should a second entry occur it would take a 40% position.
This trade type specifically is called a 'Bear Market Long'.
I
will confirm the trade shortly after the close, SPY is liquid until
8 pm EST in after hrs market, thus it's not an issue to enter the
trade after hrs. I'm simply reporting the system, you do what
you feel is right.
SPY Pro system
Posted by matt on 8th of Jan 2016 at 10:37 am
FYI the SPY Pro system may take a long trade today at the close, I will confirm the trade later on, just an early heads up
Matt, is the SPY Pro
Posted by dunphyj on 10th of Jan 2016 at 11:06 am
Matt, is the SPY Pro system specifically geared to trading the SPY, or is it equally effective with the leveraged SSO/SDS etf's?
It's geared to SPY, for
Posted by matt on 10th of Jan 2016 at 01:31 pm
It's geared to SPY, for SSO and SDS you would simply use the use the signals off the SPY system and buy SDS or SSO. Just like when NUGT and DUST, I generally get my signals off GDX charts.
Are the scale outs the
Posted by nabanco98 on 8th of Jan 2016 at 04:02 pm
Are the scale outs the same on the new SPY system?
I haven't decided if I'm
Posted by matt on 8th of Jan 2016 at 04:05 pm
I haven't decided if I'm using scaleouts etc, probably will be %'s could be be different etc
the ES system is actually
Posted by matt on 8th of Jan 2016 at 03:45 pm
the ES system is actually still short, though it's so dang close to finally closing it out, just a hair is needed on one of the indicators, that thing went short at 2054, so it's up like 135 points jeez.
anyway SPY system still going long.
actually with this last sell
Posted by matt on 8th of Jan 2016 at 03:57 pm
actually with this last sell off, ES system is gonna close out finally today, that last push down was all that was needed to get the indicator in range
So, is the ES trade
Posted by zubeldia on 8th of Jan 2016 at 04:10 pm
So, is the ES trade long now?
Kepa - the ES market
Posted by matt on 8th of Jan 2016 at 04:14 pm
Kepa - the ES market isn't closed yet, doesn't close until 5:00 EST
closed out. The ES system
Posted by matt on 8th of Jan 2016 at 05:13 pm
closed out. The ES system is not long, it is now flat. It can't technically close out a trade and open a new trade on the same bar. Should the market sell off on next Monday it would take a long, but for now it's flat
here's an example of the monthly returns using 3 ES contracts on average, 6 max on a second entry
by the way guys, if
Posted by matt on 8th of Jan 2016 at 10:42 am
by the way guys, if the system does a trade I won't be able to add to the website stats at this time to reflect it, the new system is not in a form where I can upload TS reports to the website yet. The way I add trades to that section is I save a TS performance report and load it into the website and the website take the trades directly from the report. However at this time I still don't have all the trades completed in on chart format to add to the site. So if you don't see the trade on the website that's why, I need a way I can manually add them, will ask my programmer if he can set that up
Just to confirm, the new
Posted by nabanco98 on 8th of Jan 2016 at 03:40 pm
Just to confirm, the new Pro system which is not posted in the mechanical section is now a 60/40 entry. not single entry?
Matt sent an email " Hello everyone,
Posted by blorrilliere on 8th of Jan 2016 at 03:41 pm
Matt sent an email
"
Hello everyone, as you know it's been quite a week! Anyway regarding the new SPY Pro system, it's been flat for a while now, however it's likely that it will be taking a long position today at the close. I will confirm this shortly after the close, however this email is an early heads up. This system has 2 entries, therefore this will be the first entry and should prices go lower next week, it can take a second entry in order to average down. The system takes a 60% position on the first entry, and should a second entry occur it would take a 40% position. This trade type specifically is called a 'Bear Market Long'.
I will confirm the trade shortly after the close, SPY is liquid until 8 pm EST in after hrs market, thus it's not an issue to enter the trade after hrs. I'm simply reporting the system, you do what you feel is right.
What's the verdict, did the new SPY Pro System take the trade?
Posted by disciple33 on 8th of Jan 2016 at 04:10 pm
I sent the email out
Posted by matt on 8th of Jan 2016 at 04:12 pm
I sent the email out confirming it man, check your email
OK, was looking on this blog as well in the Mech Systems section, and heard crickets ;)
Posted by disciple33 on 8th of Jan 2016 at 04:16 pm