A couple things: Regarding the SPY Pro system, the main
system is long via the Trap 1 sub system. However as I showed
before, three other sub systems are long as well, the Trend, Strong
Trend Shallow Pullback, and the QE LE 1,2. The Trap Trade
went long first and thus it's what is controlling the main system
however, so the main system will do whatever the Trap 1
does.
Main Combined
System:
At this moment the Trap 1 Trade is on the borderline: What
I mean by this is that it has received its initial sell condition
today, the trade was looking for a bounce to exit and go back to
cash. Earlier today the system was looking to exit this trade
and go to cash tomorrow on the open. However at this moment
while prices have moved higher the trade is now looking to hold
instead. Basically the trend indicator that this sub system
references is now green, if it was red the system would exit.
Earlier the indicator was red but it just flipped back to
green. Because it is still early yet in the day, we'll wait
until after the close to confirm because even if the system exits,
it would be tomorrow morning on the open anyway.
Comments about the other sub systems since some of you
trade these in addition to the main combined system
QE LE 1,2 Sub
System:
This sub system on the other hand
is not going to
holdas the trending indicator it uses will not go back to
green today, thus this sub system
will exit tomorrow
morningand go to a cash position.
Trend Trade Sub
System:
This sub system is not exiting but will continue to hold
Strong Trend Shallow
Pullback:
This sub system is not exiting and will continue to
hold
The combined SPY system will continue holding tomorrow good or
bad. The QE LE 1,2 sub system will close out tomorrow on the
open, while the Strong Trend Shallow Pullback sub system exited at
the close.
regarding the combined main system remember it's first come
first serve, what I mean by this is that whatever sub system
triggered first is what the main system goes by and since the Trap
1 triggered first, that's what's governing the main system.
The other sub systems went long after the Trap.
mlorr- the main system is hold as I discuss in the
sticky post.
for newer guys I can be a little confusing when I discuss what
the individual sub systems are doing, however I'm simply giving
that information for members who want to know what the sub systems
are doing and some members actually trade those individually.
The information about the sub systems is for the more
advanced members who want that additional information.
For those like you what to keep it simple, don't worry about the
sub systems and following the main system.
as Steve said for the combined system, it's first come first
serve, there's 22 sub systems but the main system is governed by
whatever sub system triggers first. Otherwise when one looks
at the individual sub systems, they are all their own systems can
trade independently and some members here like me to communicate
what those are doing.
Evidently you did not read Matt's comments on the trading
community below at 4:09 pm yesterday or listen to the newsletter
last evening as both would have addressed your question this
morning.
The combined SPY system will continue
holding tomorrow good or bad. The QE LE 1,2 sub system will
close out tomorrow on the open, while the Strong Trend Shallow
Pullback sub system exited at the close.
Regarding the combined main system
remember it's first come first serve, what I mean by this is that
whatever sub system triggered first is what the main system goes by
and since the Trap 1 triggered first, that's what's governing the
main system. The other sub systems went long after the
Trap.
No not at this time, would have to have the system on some
remote server that you guys could access and that's not something
I'm willing to setup yet with the complication.
SPY Pro system Important Update
Posted by matt on 28th of Mar 2017 at 01:28 pm
A couple things: Regarding the SPY Pro system, the main system is long via the Trap 1 sub system. However as I showed before, three other sub systems are long as well, the Trend, Strong Trend Shallow Pullback, and the QE LE 1,2. The Trap Trade went long first and thus it's what is controlling the main system however, so the main system will do whatever the Trap 1 does.
Main Combined System:
At this moment the Trap 1 Trade is on the borderline: What I mean by this is that it has received its initial sell condition today, the trade was looking for a bounce to exit and go back to cash. Earlier today the system was looking to exit this trade and go to cash tomorrow on the open. However at this moment while prices have moved higher the trade is now looking to hold instead. Basically the trend indicator that this sub system references is now green, if it was red the system would exit. Earlier the indicator was red but it just flipped back to green. Because it is still early yet in the day, we'll wait until after the close to confirm because even if the system exits, it would be tomorrow morning on the open anyway.
Comments about the other sub systems since some of you trade these in addition to the main combined system
QE LE 1,2 Sub System:
This sub system on the other hand is not going to holdas the trending indicator it uses will not go back to green today, thus this sub system will exit tomorrow morningand go to a cash position.
Trend Trade Sub System:
This sub system is not exiting but will continue to hold
Strong Trend Shallow Pullback:
This sub system is not exiting and will continue to hold
Just showing confirmation that the
Posted by matt on 29th of Mar 2017 at 11:01 am
Just showing confirmation that the QE LE 1,2 sub system closed this morning, Trap 1 and the main system remain long
Sub system update: - Strong
Posted by matt on 28th of Mar 2017 at 04:51 pm
Sub system update:
- Strong Trend Shallow Pullback Exited at the close
- QE LE 1,2 will exit tomorrow on the open
- Trap 1 - will continue to hold
The combined SPY system will
Posted by matt on 28th of Mar 2017 at 04:09 pm
The combined SPY system will continue holding tomorrow good or bad. The QE LE 1,2 sub system will close out tomorrow on the open, while the Strong Trend Shallow Pullback sub system exited at the close.
regarding the combined main system remember it's first come first serve, what I mean by this is that whatever sub system triggered first is what the main system goes by and since the Trap 1 triggered first, that's what's governing the main system. The other sub systems went long after the Trap.
SPY system
Posted by mlorr on 29th of Mar 2017 at 07:57 am
So are we closing the long on the open...?
mlorr- the main system is
Posted by matt on 29th of Mar 2017 at 10:48 am
mlorr- the main system is hold as I discuss in the sticky post.
for newer guys I can be a little confusing when I discuss what the individual sub systems are doing, however I'm simply giving that information for members who want to know what the sub systems are doing and some members actually trade those individually. The information about the sub systems is for the more advanced members who want that additional information.
For those like you what to keep it simple, don't worry about the sub systems and following the main system.
as Steve said for the combined system, it's first come first serve, there's 22 sub systems but the main system is governed by whatever sub system triggers first. Otherwise when one looks at the individual sub systems, they are all their own systems can trade independently and some members here like me to communicate what those are doing.
SPY system
Posted by steve on 29th of Mar 2017 at 08:19 am
mlorr:
Evidently you did not read Matt's comments on the trading community below at 4:09 pm yesterday or listen to the newsletter last evening as both would have addressed your question this morning.
The combined SPY system will continue holding tomorrow good or bad. The QE LE 1,2 sub system will close out tomorrow on the open, while the Strong Trend Shallow Pullback sub system exited at the close.
Regarding the combined main system remember it's first come first serve, what I mean by this is that whatever sub system triggered first is what the main system goes by and since the Trap 1 triggered first, that's what's governing the main system. The other sub systems went long after the Trap.
Great posting on SPY Pro. Thanks
Posted by zubeldia on 28th of Mar 2017 at 02:09 pm
Since I don't have access to the system on TS, this posting with all the details and the charts was AWESOME! Thanks Matt.
no problem, I realize that
Posted by matt on 28th of Mar 2017 at 02:12 pm
no problem, I realize that there are 'system nerds' out there like you and me who want the added detail, and of course those who just want it simple
Is there a way to
Posted by rojoch on 28th of Mar 2017 at 02:57 pm
Is there a way to look at these 12 charts each day?
No not at this time,
Posted by matt on 28th of Mar 2017 at 03:23 pm
No not at this time, would have to have the system on some remote server that you guys could access and that's not something I'm willing to setup yet with the complication.
What about just being able
Posted by rojoch on 28th of Mar 2017 at 03:36 pm
What about just being able to see the status of all 12 indicators?