SPY Pro system comments

    Posted by matt on 23rd of Jun 2017 at 01:51 pm

    Regarding the current SPY Pro system Long trade, via the Trap 1 sub system.  Should price close over 243.43 today the system will receive an exit signal, and will then exit on Monday at the open and go back to a cash position.  Why would it exit  if price closed over 243.43? Because the trending momentum indicator that governs the trending hold condition is still currently red. If it was green the it would continue to hold.  

    The system can be sort of thought like a relay race where the runners pass their batons to the next runner - the system is like this, there are a series of rules that must be hit, and if conditions are met, then the hold condition gets passed to the next set of rules (again like a baton in a relay race), so on and so forth.  For this Trap sub system, closing over the 8 MA is the first baton, then if price closes over that and the trending indicator is green then the hold condition gets passed to this indicator.  If the trade increases enough in value, then one of the time ratcheted hard stops kicks in, and if price increases enough one of the trialing stops kicks in, if 34 Stochastic is trending over 80% then that condition kicks in etc etc.

    Thanks for the update on

    Posted by oakavekid on 23rd of Jun 2017 at 02:00 pm

    Thanks for the update on the SPY PRO 3 System, Matt. Any comments on the AAPL system?

    SPY Pro system comments

    Posted by matt on 23rd of Jun 2017 at 02:19 pm

    not much, it's getting closer to exiting though, which wouldn't bother me

    I'm long. and agree. AAPL

    Posted by oakavekid on 23rd of Jun 2017 at 02:20 pm

    I'm long. and agree. AAPL that is...

    Given recent action of the

    Posted by puma on 23rd of Jun 2017 at 02:42 pm

    Given recent action of the SPY on Fridays (or the Qs) a close near the top of the range would be something of an accomplishment -- If I had to bet right now I'd be against us getting that 243.43 close, but the system usually knows more than I do!

    Everybody, have a great weekend!

     

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!