Regarding the SPY Pro systems, let's call them systems because I
no longer do the one combined chart, I have all the sub systems
spread on 7 different charts. I will be adding some new sub
systems as well. Anyway the sub systems that have been long
are the Trend and the QE LE 1,2, both of them are in 2nd
entries.
Today the Trend sub system will be going to cash (see bottom
middle), while the QE LE 1,2 sub system will be exiting tomorrow on
the open.
Yes 2nd entry is SSO, 3rd entry is UPRO or options how it's
been. Over the last few weeks, two sub systems were long and
both sub systems had taken 2nd entries, Trend and QE LE 1/2.
The Trend sub system exited yesterday at the close and the QE
LE 1/2 is exiting this morning on the open. 2nd entries don't
exit different than 1st entries
did you listen to the newsletter? I discussed this as well as
some ideas going forward.
I don't know, honestly that all needs to be trashed and just
have the sub systems stats posted. I'll probably just count
tomorrow's open as the exit for those
no as I covered before, the better way to play the system is to
play the sub systems as 7 charts, that way you get the best of both
worlds and don't miss good systems that get covered up when
everything is on one chart. In the past there was two ways to
trade, one with all the sub systems on one chart where only one
trade could be active or giving signals to all 23 sub systems.
I discussed back in March that the best way was to do a
marriage of both methods. I cam up with dividing the 23 sub
systems to 7 charts some have only one sub system on them and
some have many. I added a lot of the commonly overlapping sub
systems on one chart while other very profitable systems are one
one chart. When one of the 7 charts takes a trade you take a
trade.
So, if another sub system on that chart triggers a trade while
you are already in one on that chart, do you suggest that we ignore
that second trigger and wait for possibly a second, and
perhaps a third position, or an exit on the sub system on
which you entered the trade?
If a sub system on another chart triggers a trade while you are
already in a trade from another chart, what are your thoughts about
what one should do then, since we MAY have to commit all the
capital set aside for a SPY Pro trade to the existing
trade?
Certainly not rocket science, but confusing without an
up-to-date trading plan.
SPY Pro system comments
Posted by matt on 5th of Jul 2018 at 03:16 pm
Regarding the SPY Pro systems, let's call them systems because I no longer do the one combined chart, I have all the sub systems spread on 7 different charts. I will be adding some new sub systems as well. Anyway the sub systems that have been long are the Trend and the QE LE 1,2, both of them are in 2nd entries.
Today the Trend sub system will be going to cash (see bottom middle), while the QE LE 1,2 sub system will be exiting tomorrow on the open.
So Matt the SPY PRO
Posted by polish1 on 5th of Jul 2018 at 11:02 pm
So Matt the SPY PRO System
System Entered a 50% Long position in SPY at $275.50 on 2018-06-19
System Entered a 30% Long position in SSO at $111.10 on 2018-06-25 will be exiting tomorrow at the opening?
Yes 2nd entry is SSO,
Posted by matt on 6th of Jul 2018 at 08:25 am
Yes 2nd entry is SSO, 3rd entry is UPRO or options how it's been. Over the last few weeks, two sub systems were long and both sub systems had taken 2nd entries, Trend and QE LE 1/2. The Trend sub system exited yesterday at the close and the QE LE 1/2 is exiting this morning on the open. 2nd entries don't exit different than 1st entries
did you listen to the newsletter? I discussed this as well as some ideas going forward.
So, which sub system exit
Posted by bobhug on 5th of Jul 2018 at 03:46 pm
So, which sub system exit will be used for the SPY Pro System statistics?
I don't know, honestly that
Posted by matt on 5th of Jul 2018 at 03:48 pm
I don't know, honestly that all needs to be trashed and just have the sub systems stats posted. I'll probably just count tomorrow's open as the exit for those
Sure seems like a perfectly
Posted by bobhug on 5th of Jul 2018 at 03:51 pm
Sure seems like a perfectly good system is becoming confusing and overly complicated, but will wait to see what you do from here.
no as I covered before,
Posted by matt on 5th of Jul 2018 at 04:10 pm
no as I covered before, the better way to play the system is to play the sub systems as 7 charts, that way you get the best of both worlds and don't miss good systems that get covered up when everything is on one chart. In the past there was two ways to trade, one with all the sub systems on one chart where only one trade could be active or giving signals to all 23 sub systems. I discussed back in March that the best way was to do a marriage of both methods. I cam up with dividing the 23 sub systems to 7 charts some have only one sub system on them and some have many. I added a lot of the commonly overlapping sub systems on one chart while other very profitable systems are one one chart. When one of the 7 charts takes a trade you take a trade.
Guys this isn't rocket science
So, if another sub system
Posted by bobhug on 5th of Jul 2018 at 04:26 pm
So, if another sub system on that chart triggers a trade while you are already in one on that chart, do you suggest that we ignore that second trigger and wait for possibly a second, and perhaps a third position, or an exit on the sub system on which you entered the trade?
If a sub system on another chart triggers a trade while you are already in a trade from another chart, what are your thoughts about what one should do then, since we MAY have to commit all the capital set aside for a SPY Pro trade to the existing trade?
Certainly not rocket science, but confusing without an up-to-date trading plan.
After tomorrow will there be
Posted by maverick on 5th of Jul 2018 at 06:17 pm
After tomorrow will there be any systems still long?
no everything will be flat
Posted by matt on 6th of Jul 2018 at 08:20 am
no everything will be flat