those trades work out best when they come out of more oversold
conditions honestly, so not a bad think to be out imo.
the trade type itself was the Strap, that's a shallow pullback
trade that is short term only.
I was just going to show you guys, on the new SPY Pro system
section, I gave give the the statistics to the individual trade
types, however I just noticed that my programmer completely broke
that section, the page is blank, ugh! He resides in Portland
and is typically not up right now to fix. I will show you
later that functionality
That would be excellent Matt - I'd love to know the statistics
for the individual trade types . Are you planning on including
the trade type name when you post the Spy Pro system trades in the
future ?
Just to echo what Ship said, I really appreciate all
that you and Steve do on this site.
YES I plan to share information like which trade type it is and
overall statistics for that individual trade type. There's 22
trade types or sub systems, so you will have the ability to look at
the individual statistics for each sub system basically. That
functionality has been there, I just haven't showed you how to use
it yet. Of course the section is down today right now, will
be up later.
Well let me rephrase that:
SPY Pro system may close out
Posted by matt on 18th of Aug 2016 at 09:33 am
Well let me rephrase that: The system uses 2 momentum indicators, one turned green on stayed red
Honestly if you wanted to keep a position with a stop at this morning lows I don't see a problem with that, that's uber tight
here's the chart, you can
Posted by matt on 18th of Aug 2016 at 09:35 am
here's the chart, you can see the two momo indicators, one turned green, one stayed red.
as far as setting a stop, one could use a 15 morning low rule, i.e. set a stop at the low of the first 15 min or so.
sell 1/2 like frtaylor or something like that etc
divergence on the RSI 5
Posted by frtaylor on 18th of Aug 2016 at 09:40 am
divergence on the RSI 5 on 5 min chart, and > 1/2 of the opening candle has been taken back. Update - was stopped out of rest.
those trades work out best
Posted by matt on 18th of Aug 2016 at 09:48 am
those trades work out best when they come out of more oversold conditions honestly, so not a bad think to be out imo.
the trade type itself was the Strap, that's a shallow pullback trade that is short term only.
I was just going to show you guys, on the new SPY Pro system section, I gave give the the statistics to the individual trade types, however I just noticed that my programmer completely broke that section, the page is blank, ugh! He resides in Portland and is typically not up right now to fix. I will show you later that functionality
That would be excellent Matt
Posted by peterjennings71 on 18th of Aug 2016 at 10:04 am
That would be excellent Matt - I'd love to know the statistics for the individual trade types . Are you planning on including the trade type name when you post the Spy Pro system trades in the future ?
Just to echo what Ship said, I really appreciate all that you and Steve do on this site.
thanks a bunch for the
Posted by matt on 18th of Aug 2016 at 10:10 am
thanks a bunch for the feedback everyone.
YES I plan to share information like which trade type it is and overall statistics for that individual trade type. There's 22 trade types or sub systems, so you will have the ability to look at the individual statistics for each sub system basically. That functionality has been there, I just haven't showed you how to use it yet. Of course the section is down today right now, will be up later.
Spy Trade
Posted by ship on 18th of Aug 2016 at 09:55 am
It was a great trade, regardless quick or not! Thanks for all you guys do
pulled the trigger on 1/2.
Posted by frtaylor on 18th of Aug 2016 at 09:33 am
pulled the trigger on 1/2. Stop tight.