If I had the system on XLF I'm sure it would be short. But
I assume you are referring to SPY system, why would that be short
knowing how the system generally works? you've been here for years
and should have a good understanding of the basic works of it. The
market had a strong uptrend with all the MA's pointing up so it's
not just gonna short that, most of the shorting is during bounces
in bear markets. The system can do rare exhaustion shorts
when the market is really overbought but those are really hard to
trigger, such as say 40 consecutive closes above the 15 day MA etc,
we don't have anything like that. Yes we have a Negative Div
on the daily SPX charts via the MACD, but the system is flat, which
is where it should be. Except for the breakout trade, the system is
generally going to look to buy pullbacks when the MA's are pointing
up, not shorting.
the SPY system is finished and so is ES - both systems are flat,
and it would now take a really good pullback to get them long as I
only have the highest probability systems remaining. As far as
shorting, if the market forms a significant top here then they will
look to short rallies. And other short trades that could
occur are the 60 Stochastic 80% reversal.
Here's an image of the new SPY system, The system did quick
shorts early on in the market rally, and one exhaustion short in
late Feb. It did a long entry on the pullback into early March. It
also did a breakout long trade from mid Jan to mid Feb.
This image shows 6 charts. This version is called SPY
Highest probability, all the short sub systems are on the bottom
left chart (8 of them),
you can see that during the uptrend from Dec it would have taken
3 small shorts in Jan and one in late Feb, all for small
profits).
9 long sub systems are on the middle upper chart. and various
other sub systems are on their own, so a total of 6 charts.
You can see for longs the system would have been in a breakout
long from mid Jan to mid Feb, and one in March recently, two nice
long trades
All the sub systems are flat, I will let everyone know when one
of them goes long or short. I will sending out trades for each of
the 6 charts. There can and will be trades that overlap one
another, but that's a good thing.
anyway enough of that, I wasn't going to get into that intra
day, but your question prompted it. when the system is going
to do a trade I will let everyone know
How come Matt’s system isn’t
FAZ Updated Views
Posted by lamb on 22nd of Mar 2019 at 11:58 am
How come Matt’s system isn’t short
That's kind of an odd
Posted by matt on 22nd of Mar 2019 at 12:08 pm
That's kind of an odd ball question.
If I had the system on XLF I'm sure it would be short. But I assume you are referring to SPY system, why would that be short knowing how the system generally works? you've been here for years and should have a good understanding of the basic works of it. The market had a strong uptrend with all the MA's pointing up so it's not just gonna short that, most of the shorting is during bounces in bear markets. The system can do rare exhaustion shorts when the market is really overbought but those are really hard to trigger, such as say 40 consecutive closes above the 15 day MA etc, we don't have anything like that. Yes we have a Negative Div on the daily SPX charts via the MACD, but the system is flat, which is where it should be. Except for the breakout trade, the system is generally going to look to buy pullbacks when the MA's are pointing up, not shorting.
the SPY system is finished and so is ES - both systems are flat, and it would now take a really good pullback to get them long as I only have the highest probability systems remaining. As far as shorting, if the market forms a significant top here then they will look to short rallies. And other short trades that could occur are the 60 Stochastic 80% reversal.
Here's an image of the
Posted by matt on 22nd of Mar 2019 at 12:16 pm
Here's an image of the new SPY system, The system did quick shorts early on in the market rally, and one exhaustion short in late Feb. It did a long entry on the pullback into early March. It also did a breakout long trade from mid Jan to mid Feb.
This image shows 6 charts. This version is called SPY Highest probability, all the short sub systems are on the bottom left chart (8 of them), you can see that during the uptrend from Dec it would have taken 3 small shorts in Jan and one in late Feb, all for small profits).
9 long sub systems are on the middle upper chart. and various other sub systems are on their own, so a total of 6 charts. You can see for longs the system would have been in a breakout long from mid Jan to mid Feb, and one in March recently, two nice long trades
All the sub systems are flat, I will let everyone know when one of them goes long or short. I will sending out trades for each of the 6 charts. There can and will be trades that overlap one another, but that's a good thing.
anyway enough of that, I wasn't going to get into that intra day, but your question prompted it. when the system is going to do a trade I will let everyone know
I made some edits on
Posted by matt on 22nd of Mar 2019 at 12:22 pm
I made some edits on the text, so make sure to refresh to read the latest comments