Hello everyone, apologize been hit by a stomach bug so I haven't
been able to post until now:
Regarding the SPY Pro system, this is an early notification that
the system may enter a long trade at the close, which would be a
60% position on the main system. Currently the trade
conditions are being met and would only be lost if the market has a
strong rally into the close. However I will confirm the trade
near the close or 5 min after; simply refresh this page and I will
confirm the trade in BOLD letters above this message.
Additional Information:
Trade conditions are being met by two of the long sub systems:
the Trap 1 and the Strong Trend Shallow Pullback. The Trap 1
is the same trade type as the previous trade, which ended up being
basically a flat trade
Posted by cape_rover on 20th of Mar 2017 at 09:01 pm
Friday was SPY ex-dividend. SPY went down an 'extra' ~$1
because of the dividend. Curious if this trade would have
triggered if the SPY was not down that 'extra' dollar? Or
does this trade trigger on the $SPX movement and not the SPY
movement
With the 3 small candles within the range of the Fed day candle
a long white candle tomorrow would be a continuation pattern called
"Rising Three Methods".
to me the market needs to get going here to the upside,
otherwise it's vulnerable for a larger pullback
this particular trade type, the Trap 1, is one of the weaker
trade setups in the system, I discussed that last time, you can
view the trade stats to the individual sub systems in the SPY Pro
system section
SPY Pro system possible trade
Posted by matt on 20th of Mar 2017 at 03:31 pm
Trade confirmed! Will discuss tonight
Hello everyone, apologize been hit by a stomach bug so I haven't been able to post until now:
Regarding the SPY Pro system, this is an early notification that the system may enter a long trade at the close, which would be a 60% position on the main system. Currently the trade conditions are being met and would only be lost if the market has a strong rally into the close. However I will confirm the trade near the close or 5 min after; simply refresh this page and I will confirm the trade in BOLD letters above this message.
Additional Information:
Trade conditions are being met by two of the long sub systems: the Trap 1 and the Strong Trend Shallow Pullback. The Trap 1 is the same trade type as the previous trade, which ended up being basically a flat trade
funny as I posted this,
Posted by matt on 20th of Mar 2017 at 03:32 pm
funny as I posted this, the trade condition went away as the market bounced off the lows. the breakpoint appears to need a close below 236.92
Friday was SPY ex-dividend. SPY
Posted by cape_rover on 20th of Mar 2017 at 09:01 pm
Friday was SPY ex-dividend. SPY went down an 'extra' ~$1 because of the dividend. Curious if this trade would have triggered if the SPY was not down that 'extra' dollar? Or does this trade trigger on the $SPX movement and not the SPY movement
Rising Three Methods candlestick pattern
Posted by Denis on 20th of Mar 2017 at 04:12 pm
With the 3 small candles within the range of the Fed day candle a long white candle tomorrow would be a continuation pattern called "Rising Three Methods".
http://www.investopedia.com/terms/r/rising-three-methods.asp
http://thepatternsite.com/Rising3Methods.html
So a buy stop above today's high would be way to get into the trade should the pattern fully develop.
Cheers, Denis.
Doesn't look like this pattern is going to play out!
Posted by Denis on 21st of Mar 2017 at 10:31 am
to me the market needs
Posted by matt on 20th of Mar 2017 at 04:14 pm
to me the market needs to get going here to the upside, otherwise it's vulnerable for a larger pullback
this particular trade type, the Trap 1, is one of the weaker trade setups in the system, I discussed that last time, you can view the trade stats to the individual sub systems in the SPY Pro system section
Matt did the trade confirm?
Posted by shinings on 20th of Mar 2017 at 04:05 pm
Matt did the trade confirm? It seems that SPY closed at 236.74
Yes it did - my
Posted by matt on 20th of Mar 2017 at 04:11 pm
Yes it did - my programmer was supposed to confirm it, he didn't, it confirmed, sent email now
Thank you Matt.
Posted by shinings on 20th of Mar 2017 at 04:17 pm
Thank you Matt.