Attention! The SYSTEM IS NOT exiting!!! Sorry for the
confusion, this morning I stated it was going to exit. A rare
trending filter came into play that normally does not, something to
do with the 60 stochastic, which I can explain at another time.
But confirming it is NOT exiting tomorrow on the
open!
FYI as Steve and I have been warning, the SPY Pro system would
be going to cash unless the market starting rallying right away.
I said last night in text comments that unless the market
went up today, the trending momo indicator would turn red, thus
triggering the system to exit to cash, as you can see from this
chart, it's now red.
For this trade type the system will go to cash tomorrow on the
open, NOT at the close today. For the website we'll officially
close out the trade tomorrow on the open, however one option if you
wanted to split the difference: close out 1/2 today at the
close and 1/2 tomorrow on the open. Your choice of course.
Attention! The SYSTEM IS NOT
exiting!!! Sorry for the confusion, this morning I stated it was
going to exit. A rare trending filter came into play that
normally does not, something to do with the 60 stochastic, which I
can explain at another time. But confirming it is NOT exiting
tomorrow on the open!
that was clarified on the trading community blog yesterday and
left as a sticky until late evening so there was plenty of time to
see it, if you are trading the SPY system always make it a point to
check the blog late afternoon. I think Steve also clarified in the
newsletter. There was also no official email sent out saying the
trade would exit
SPY Pro system going to cash tomorrow on open
Posted by matt on 11th of May 2017 at 10:35 am
Attention! The SYSTEM IS NOT exiting!!! Sorry for the confusion, this morning I stated it was going to exit. A rare trending filter came into play that normally does not, something to do with the 60 stochastic, which I can explain at another time. But confirming it is NOT exiting tomorrow on the open!
FYI as Steve and I have been warning, the SPY Pro system would be going to cash unless the market starting rallying right away. I said last night in text comments that unless the market went up today, the trending momo indicator would turn red, thus triggering the system to exit to cash, as you can see from this chart, it's now red.
For this trade type the system will go to cash tomorrow on the open, NOT at the close today. For the website we'll officially close out the trade tomorrow on the open, however one option if you wanted to split the difference: close out 1/2 today at the close and 1/2 tomorrow on the open. Your choice of course.
Attention! The SYSTEM IS NOT exiting!!!
Posted by matt on 11th of May 2017 at 03:51 pm
Attention! The SYSTEM IS NOT exiting!!! Sorry for the confusion, this morning I stated it was going to exit. A rare trending filter came into play that normally does not, something to do with the 60 stochastic, which I can explain at another time. But confirming it is NOT exiting tomorrow on the open!
Should this be a sticky note?
Posted by wjrichard on 12th of May 2017 at 09:22 am
Matt,
I almost missed this.
that was clarified on the
Posted by matt on 12th of May 2017 at 10:36 am
that was clarified on the trading community blog yesterday and left as a sticky until late evening so there was plenty of time to see it, if you are trading the SPY system always make it a point to check the blog late afternoon. I think Steve also clarified in the newsletter. There was also no official email sent out saying the trade would exit
I believe that is old...
Posted by stevieb294 on 12th of May 2017 at 09:35 am
look below
SPY Pro
Posted by breakerbreaker on 11th of May 2017 at 11:33 am
Thanks for update, Matt. Looks like another profitable trade either way. Nailed that entry perfectly!