Please see my response below regarding the SPY System
trade
FYI, the SPY system make go back long today via 1st entry
on SPY. As you know it closed out the other day for a nice
winning trade and went back to cash, so it's looking to go back
long again. The trade type is the same as the last one, QE LE
1,2. SPY needs to close below around 244.35 or so but that can
vary. I will confirm later in the day.
Posted by oakavekid on 17th of Aug 2017 at 04:31 pm
Stockcharts has cleaned up the candle...has no tail now. What is
the official trade for your system? If I decide to take it and you
don't show a trade on your website, you won't give a SELL signal
later.
Yes and no - some drama here. The trade should be here but
it's not showing up on Tradestation. The reason why is
because TS and Stockcharts are showing a funky candlestick with a
crazy spike low. See images. That spike causes the
trade not to appear on the chart, HOWEVER once the candlestick is
fixed and that spike taken away it should show back up. Never
saw this before, so it's a bit odd.
Because of this - use your discretion if you want to enter or
not.
This weird candle also shows on Stockcharts - see the second
image where I show the daily chart of SPY as well as the 5 min, the
daily shows a spike $10 lower than the 5 min, it's BS
That crazy spike is called a STOP RUN. One of the humongous
hedge funds bought all the sell stops between the projected close
and some spot below the 200-day avg., then sold them at/near the
real close. The fund pocketed a $zillion; the rest of us
bupkus.
Possible SPY System long entry today
Posted by matt on 17th of Aug 2017 at 02:23 pm
Please see my response below regarding the SPY System trade
FYI, the SPY system make go back long today via 1st entry on SPY. As you know it closed out the other day for a nice winning trade and went back to cash, so it's looking to go back long again. The trade type is the same as the last one, QE LE 1,2. SPY needs to close below around 244.35 or so but that can vary. I will confirm later in the day.
Stockcharts has cleaned up the
Posted by oakavekid on 17th of Aug 2017 at 04:31 pm
Stockcharts has cleaned up the candle...has no tail now. What is the official trade for your system? If I decide to take it and you don't show a trade on your website, you won't give a SELL signal later.
The trade showed up as
Posted by matt on 17th of Aug 2017 at 04:37 pm
The trade showed up as TS cleaned up candle. it's added to the website
Yes and no - some
Posted by matt on 17th of Aug 2017 at 04:25 pm
Yes and no - some drama here. The trade should be here but it's not showing up on Tradestation. The reason why is because TS and Stockcharts are showing a funky candlestick with a crazy spike low. See images. That spike causes the trade not to appear on the chart, HOWEVER once the candlestick is fixed and that spike taken away it should show back up. Never saw this before, so it's a bit odd.
Because of this - use your discretion if you want to enter or not.
This weird candle also shows on Stockcharts - see the second image where I show the daily chart of SPY as well as the 5 min, the daily shows a spike $10 lower than the 5 min, it's BS
"- some drama here."
Posted by dsadler on 17th of Aug 2017 at 04:48 pm
That crazy spike is called a STOP RUN. One of the humongous hedge funds bought all the sell stops between the projected close and some spot below the 200-day avg., then sold them at/near the real close. The fund pocketed a $zillion; the rest of us bupkus.
Shows same spike down on
Posted by bobhug on 17th of Aug 2017 at 04:31 pm
Shows same spike down on thinkorswim charts, too
Spike now gone from TOS
Posted by bobhug on 17th of Aug 2017 at 04:38 pm
Spike now gone from TOS charts, too.
Matt. Did the SPY PRO
Posted by oakavekid on 17th of Aug 2017 at 04:19 pm
Matt. Did the SPY PRO system trigger LONG?
Hi Matt, did the entry
Posted by tamlol789 on 17th of Aug 2017 at 04:10 pm
Hi Matt, did the entry go through?