Posted by ruscitti on 21st of Nov 2018 at 04:02 pm
Matt, In all seriousness, why is your System still trying to buy
pullbacks rather than shorting rallies? The S&P is below
the 200 day MA which I thought was the line in the sand where your
mechanical system would look to revert to do more short selling on
a RVM basis. Plus other indicators like your BPT deluxe are
red. If you can address at some time, it would be
appreciated. Thanks, Tony.
Yes the system is now in the mode to short rallies, however the
system would not short now on a sell off, instead on an oversold
rally. The market has sold off strongly from the Nov 7th
high, it would shorted an oversold bounce like that rally like we
had into Nov 7th a couple weeks ago as I already discussed what the
new simpler version of the SPY system would have done in a
couple newsletters, here's a chart of that again. You can
see the short and how it closed out. It would take another rally
for it to go short. The system would have been out of that
short and now be long via bear long. Yes it will short
rallies that occur from here, after of course this trade is out.
again as you can see with all the shallow pullback systems
removed - greatly reduced number of trades, the ones that are left
however are very high probability, that was the whole point, which
again I will be discussing in-depth in a video. Remember I
removed Trend, Strong Trend Shallow Pullback, Trap 1 and 2, and
pullback systems. also
here's a link to that post showing the trades - again a lot less trades on the
new system, but in the end we can all sleep at night as the ones
that are left are the high probability ones
also on the SPY trade I did the Jan 19, 238 strike call option,
I was filled at a price of $29.12. I plan to show my options
trades in the SPY section once I get that up, etc.
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Matt, In all seriousness, why
Posted by ruscitti on 21st of Nov 2018 at 04:02 pm
Matt, In all seriousness, why is your System still trying to buy pullbacks rather than shorting rallies? The S&P is below the 200 day MA which I thought was the line in the sand where your mechanical system would look to revert to do more short selling on a RVM basis. Plus other indicators like your BPT deluxe are red. If you can address at some time, it would be appreciated. Thanks, Tony.
ruscitti I sent you a pm
Posted by matt on 22nd of Nov 2018 at 12:51 pm
ruscitti I sent you a pm and an email, have a good Thanksgiving!
Yes the system is now
Posted by matt on 21st of Nov 2018 at 04:19 pm
Yes the system is now in the mode to short rallies, however the system would not short now on a sell off, instead on an oversold rally. The market has sold off strongly from the Nov 7th high, it would shorted an oversold bounce like that rally like we had into Nov 7th a couple weeks ago as I already discussed what the new simpler version of the SPY system would have done in a couple newsletters, here's a chart of that again. You can see the short and how it closed out. It would take another rally for it to go short. The system would have been out of that short and now be long via bear long. Yes it will short rallies that occur from here, after of course this trade is out. again as you can see with all the shallow pullback systems removed - greatly reduced number of trades, the ones that are left however are very high probability, that was the whole point, which again I will be discussing in-depth in a video. Remember I removed Trend, Strong Trend Shallow Pullback, Trap 1 and 2, and pullback systems. also here's a link t o that post showing the trades - again a lot less trades on the new system, but in the end we can all sleep at night as the ones that are left are the high probability ones
also on the SPY trade
Posted by matt on 21st of Nov 2018 at 05:32 pm
also on the SPY trade I did the Jan 19, 238 strike call option, I was filled at a price of $29.12. I plan to show my options trades in the SPY section once I get that up, etc.