I realize some of you want it ultra simplistic, no decision
making and most of the time it's gonna be straight forward.
And if you want that, you can stick with the combined system
which is long. Or one could trade the individual sub systems
individually, two of them were long last week (QE LE closed out for
a nice trade, while RSI 40 is still long). Today one of the
short sub systems went short, the 60 Stochastic short. So you
could play the individual systems, which mean two or more could
overlap at times. This is not complicated to understand and
it's simple math. disciple33 made the comment earlier "isn't
this a lot of subjectiveness' no not really, you can play the
individual systems or the main collective system.
Guys - listen, if I didn't care, I would just give you the main
system trade, but I try to give you as much information as I can to
make your own decisions. BPT is an advanced TA website, it's
not dumbed down for the masses or marketing purposes.
it's funny, one of you asked when the SPY Pro sub system for the
Stochastic 60 Short was going to take a second entry, it missed
doing so yesterday by only 8 cents
Posted by jdaswani on 29th of Sep 2016 at 02:44 pm
Still staying short over here. despite bounce the indexes look
like they are under distribution. Fact that the market is not
higher with Hillary, Oil and Fed can't push us to new highs. Likely
not gonna happen near term. Especially going into October.
"
Today, the official figure for non-performing bank loans in the
eurozone is 1 trillion euros, though we suspect that the actual
figure is considerably higher." - Christopher Whalen
Matt -- Thanks for all the details including the drawdown stats
and the win rate on the trade type which you posted right from the
beginning. More information is better and we can do with it as we
will. We're all adults out here. People can choose for themselves
if they wan't to play the subsystems or if they simply want to play
just the overall system -- as far as I'm concerned the more
information the better. Good work!
Posted by sschulman on 26th of Sep 2016 at 11:08 pm
Please don't dumb it down for us! It would probably be less work
for you and I think you're overworked already. If you just let us
know which subsystem triggers when, and we can take it from there.
And don't be discouraged by a few whiners. I'm sure there are
lots of shy silent members who also appreciate what BreakPoint
Trades is and does!
Posted by disciple33 on 26th of Sep 2016 at 07:30 pm
I've often thought that it would be helpful for you and Steve to
weigh in on the mechanical systems' trades as they're given, since
often there is evidence from other TA that would suggest waiting
for another pullback for a long trade, for instance. I believe that
happened recently on the trade that had a second, lower entry. I
know that is normally considered 2nd guessing a mechanical system,
but if your own TA is solid it should help bias the odds toward the
better trades.
Thanks - that answers my question. I want to mirror the main or
"combined" system most of the time but use the subsystems as
additional info which may influence an early
exit from the combined system. So, the main system is
currently long SSO at 40%, however the short entered by a
subsystem today might influence me to exit the main system early.
Thanks.
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Guys regarding the SPY system
Posted by matt on 26th of Sep 2016 at 05:49 pm
I realize some of you want it ultra simplistic, no decision making and most of the time it's gonna be straight forward. And if you want that, you can stick with the combined system which is long. Or one could trade the individual sub systems individually, two of them were long last week (QE LE closed out for a nice trade, while RSI 40 is still long). Today one of the short sub systems went short, the 60 Stochastic short. So you could play the individual systems, which mean two or more could overlap at times. This is not complicated to understand and it's simple math. disciple33 made the comment earlier "isn't this a lot of subjectiveness' no not really, you can play the individual systems or the main collective system.
Guys - listen, if I didn't care, I would just give you the main system trade, but I try to give you as much information as I can to make your own decisions. BPT is an advanced TA website, it's not dumbed down for the masses or marketing purposes.
it's funny, one of you
Posted by matt on 29th of Sep 2016 at 02:39 pm
it's funny, one of you asked when the SPY Pro sub system for the Stochastic 60 Short was going to take a second entry, it missed doing so yesterday by only 8 cents
anyway 15 point bounce off the lows so far
Still staying short over here.
Posted by jdaswani on 29th of Sep 2016 at 02:44 pm
Still staying short over here. despite bounce the indexes look like they are under distribution. Fact that the market is not higher with Hillary, Oil and Fed can't push us to new highs. Likely not gonna happen near term. Especially going into October.
The Market seems to be shaking off this Deutsche Bank news, however, which is bullish...
Posted by disciple33 on 29th of Sep 2016 at 02:47 pm
" Today, the official figure for
Posted by a_l_ on 29th of Sep 2016 at 04:42 pm
" Today, the official figure for non-performing bank loans in the eurozone is 1 trillion euros, though we suspect that the actual figure is considerably higher." - Christopher Whalen
Would not be complacent on the DB rumors.
Matt -- Thanks for all
Posted by puma on 26th of Sep 2016 at 11:08 pm
Matt -- Thanks for all the details including the drawdown stats and the win rate on the trade type which you posted right from the beginning. More information is better and we can do with it as we will. We're all adults out here. People can choose for themselves if they wan't to play the subsystems or if they simply want to play just the overall system -- as far as I'm concerned the more information the better. Good work!
Please don't dumb it down
Posted by sschulman on 26th of Sep 2016 at 11:08 pm
Please don't dumb it down for us! It would probably be less work for you and I think you're overworked already. If you just let us know which subsystem triggers when, and we can take it from there. And don't be discouraged by a few whiners. I'm sure there are lots of shy silent members who also appreciate what BreakPoint Trades is and does!
I used the word "discretionary". Maybe this is a good thing.
Posted by disciple33 on 26th of Sep 2016 at 07:30 pm
I've often thought that it would be helpful for you and Steve to weigh in on the mechanical systems' trades as they're given, since often there is evidence from other TA that would suggest waiting for another pullback for a long trade, for instance. I believe that happened recently on the trade that had a second, lower entry. I know that is normally considered 2nd guessing a mechanical system, but if your own TA is solid it should help bias the odds toward the better trades.
Thanks - that answers my
Posted by sethbru on 26th of Sep 2016 at 06:13 pm
Thanks - that answers my question. I want to mirror the main or "combined" system most of the time but use the subsystems as additional info which may influence an early exit from the combined system. So, the main system is currently long SSO at 40%, however the short entered by a subsystem today might influence me to exit the main system early. Thanks.