Hello all, an early FYI, the SPY Pro system is likely going long
today via the Breakout sub system. That's a new sub system
non-reversion to mean, that I created earlier this year that can
buy breakout conditions vs only going long on pullbacks. That
particular sub system has only has a couple of live trades so not a
lot of live history like the other systems, as you know the SPY
system is now comprised of 23 individual sub systems, 12 longs and
11 short systems. Therefore I've attached a list of
statistics for the Breakout sub system for SPY as well as a list of
all the trades so that you can make your own decision. The
System will use a stop, which I'll know what that will be in after
a day. HOWEVER that said - regarding a stop as I discussed in my
newsletter last night, the market should NOT retrace more than say
60% of yesterday's candle, so you can use the low of yesterday's
candle as an initial stop or a little higher, but I will let you
know what the actual stop loss is after tomorrow when the system
will decide.
On a side note, I wish this SPY Breakout system had triggered
yesterday, because the ES Breakout long sub system actually
triggered yesterday as you can see from the last image. It is what
it is.
I will confirm here at the end of the day if the system takes
the trade and will NOT be sending a second email. However the trade
is very certain unless the market reverses all of today's
gains.
there is a bug in the original player, however all the audio is
in the new player, so use the new player tab and you can view the
full audio through the individual charts
Posted by shanebofl on 13th of Sep 2017 at 10:59 am
I'm in, I trust the system more than I trust other charts or my
instincts! It has a great track record and if it goes south it
knows when to exit. Has 92.3% chance of being a successful trade
based on stats (I know, stats are from backtesting but still better
than my brain/emotions can do without it).
Posted by sschulman on 13th of Sep 2017 at 10:45 am
Agree with you. Sidelines is good.
Nassim Taleb points out that it's misleading to say that one
quality of successful traders is their ability to take risks.
Because, he says, - there are also many more unsuccessful traders
who took risks.
Staying on the sidelines is good advice -- never a hurry to
trade. But not when trading a system. My thought.
I'd rather take this system trade and lose than lose the
discipline of taking the trades.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPY Pro system probable long today via breakout trade
Posted by matt on 12th of Sep 2017 at 01:56 pm
Trade Confirmed
Hello all, an early FYI, the SPY Pro system is likely going long today via the Breakout sub system. That's a new sub system non-reversion to mean, that I created earlier this year that can buy breakout conditions vs only going long on pullbacks. That particular sub system has only has a couple of live trades so not a lot of live history like the other systems, as you know the SPY system is now comprised of 23 individual sub systems, 12 longs and 11 short systems. Therefore I've attached a list of statistics for the Breakout sub system for SPY as well as a list of all the trades so that you can make your own decision. The System will use a stop, which I'll know what that will be in after a day. HOWEVER that said - regarding a stop as I discussed in my newsletter last night, the market should NOT retrace more than say 60% of yesterday's candle, so you can use the low of yesterday's candle as an initial stop or a little higher, but I will let you know what the actual stop loss is after tomorrow when the system will decide.
On a side note, I wish this SPY Breakout system had triggered yesterday, because the ES Breakout long sub system actually triggered yesterday as you can see from the last image. It is what it is.
I will confirm here at the end of the day if the system takes the trade and will NOT be sending a second email. However the trade is very certain unless the market reverses all of today's gains.
Matt...Please post the Pro System
Posted by oakavekid on 13th of Sep 2017 at 05:08 pm
Matt...Please post the Pro System Stop Loss that will be calculated after close today.
Thx, in advance.
has not calculated it yet,
Posted by matt on 13th of Sep 2017 at 06:56 pm
has not calculated it yet, again I don't see reason to give a wider stop than Monday's low or Friday's close
Audio runs only 3minutes on
Posted by polish1 on 13th of Sep 2017 at 09:12 pm
Audio runs only 3minutes on the original player,had to use the new player for the rest of the newsletter.
there is a bug in
Posted by matt on 14th of Sep 2017 at 07:16 am
there is a bug in the original player, however all the audio is in the new player, so use the new player tab and you can view the full audio through the individual charts
I'm in...
Posted by shanebofl on 13th of Sep 2017 at 10:59 am
I'm in, I trust the system more than I trust other charts or my instincts! It has a great track record and if it goes south it knows when to exit. Has 92.3% chance of being a successful trade based on stats (I know, stats are from backtesting but still better than my brain/emotions can do without it).
LOL You're probably right. For
Posted by sschulman on 13th of Sep 2017 at 01:13 pm
LOL You're probably right. For years I've been asking myself if I'm so smart why aren't I rich? Now I'm wondering maybe I'm not so smart.
And here we all...
Posted by stevieb294 on 13th of Sep 2017 at 01:43 pm
...were thinking you are rich!
:-))
Posted by sschulman on 13th of Sep 2017 at 02:17 pm
:-))
Does the breakout trade use
Posted by nabanco98 on 12th of Sep 2017 at 05:05 pm
Does the breakout trade use a 60% initial entry? if so, is the second entry at a lower price?
Sidelines
Posted by lamb on 12th of Sep 2017 at 03:23 pm
id rather sit on the sidelines and let the train go by,getting toppy up here around 2500
Agree with you. Sidelines is
Posted by sschulman on 13th of Sep 2017 at 10:45 am
Agree with you. Sidelines is good.
Nassim Taleb points out that it's misleading to say that one quality of successful traders is their ability to take risks. Because, he says, - there are also many more unsuccessful traders who took risks.
Sidelines
Posted by Michael on 13th of Sep 2017 at 10:54 am
Staying on the sidelines is good advice -- never a hurry to trade. But not when trading a system. My thought. I'd rather take this system trade and lose than lose the discipline of taking the trades.