Posted by James_Roe on 29th of May 2018 at 03:27 pm
As you know the SPY system is comprised of multiple internal
systems, the breakout system would be closing today for a small
loss however the long trend is entering today at the close, we will
be treating the trade as remaining open and will not close our
position, however as always do what works best for your risk
tolerance.
I've included an image of the combined systems as well as
drawn attention to the indicators for both the breakout and long
trend subsystems to provide a visual example of the trades.
Here's the updated chart for Long Trend today, we're now over
the entry price of the breakout trade if you entered there and want
to place a trailing stop to protect your profits you could.
Posted by sschulman on 29th of May 2018 at 11:35 pm
Torvix it's not confusing to me.: One long subsystem
closed. And another long subsystem opened. Your stops are your own
responsibility. Steve always reminds us to trail our stops on
all our positions. Or if you're just following the SPY
system, then just wait till the system closes. We're always
notified and it's quite clear.
SPY System Update
Posted by James_Roe on 29th of May 2018 at 03:27 pm
As you know the SPY system is comprised of multiple internal systems, the breakout system would be closing today for a small loss however the long trend is entering today at the close, we will be treating the trade as remaining open and will not close our position, however as always do what works best for your risk tolerance.
I've included an image of the combined systems as well as drawn attention to the indicators for both the breakout and long trend subsystems to provide a visual example of the trades.
Here's the updated chart for
Posted by matt on 30th of May 2018 at 04:09 pm
Here's the updated chart for Long Trend today, we're now over the entry price of the breakout trade if you entered there and want to place a trailing stop to protect your profits you could.
Posts are confusing. LONG at 2721
Posted by torvix on 29th of May 2018 at 11:17 pm
Posts are confusing.
LONG at 2721 SPX level, one sub system closed while another stayed open, net effect, still long from 2721, fine.
Torvix it's not confusing to
Posted by sschulman on 29th of May 2018 at 11:35 pm
Torvix it's not confusing to me.: One long subsystem closed. And another long subsystem opened. Your stops are your own responsibility. Steve always reminds us to trail our stops on all our positions. Or if you're just following the SPY system, then just wait till the system closes. We're always notified and it's quite clear.
James, Are you monitoring the
Posted by mikesm on 29th of May 2018 at 03:44 pm
James, Are you monitoring the Spy system for a potential trigger while Matt is gone?
James - what're the stats
Posted by shinings on 29th of May 2018 at 03:40 pm
James - what're the stats for the Long Trend sub-system?
Please see the attached image.
Posted by James_Roe on 29th of May 2018 at 04:01 pm
Please see the attached image.