yes they would have on 60 Stoch and BPT BR Squeeze indicators.
Now the question is does price no go down very far and simply
reverse back up later on or price go a lot lower. But yes they
confirmed. However one rule I'm exploring: notice how the ATR went
negative back on 5/13 and stayed negative no even budging during
that bounce on the previous couple weeks. Generally my observation
is that when this indicator crosses zero, generally it will start
reversing back quickly if it's gonna be a whipsaw, but if it just
stays below zero a long time, generally it's gonna confirm and one
could use that to perhaps exit earlier
regarding the swing type system I discussed in the video.
I have more details worked out and one thing I want to do is
go back and fill in trade data, probably start from early 2009, and
I'll add the trades to a spreadsheet with stops, re-entries etc,
and actually see how well that would do compared to just holding
the SPX that whole time. My thoughts are that it will blow it
out of the water many fold. And honestly if the results are
that superior I may just do away with the weekly and monthly SPX
stuff as those are so slow to respond to big moves anyway.
Basic rules I'll be using and indicators:
Indicators: ATR Trailing Stop, BPT MA Deluxe MA 34 length
with the whipsaw turned off, using slope change to set higher low
stops, 4 MA ribbon, 60 Stochastic, BPT BR Squeeze.
My concept will be as follows: go long with a confirmed 60
Stochastic buy signal or BPT BR Squeeze or MA Ribbon, set immediate
stop at last higher low and subsequently move up. I will go
long 50% the SSO ETF (2X) which doesn't degrade over time. I will
then save the other 50% cash position to go long 25% on ES or SPY
high probability sub systems for a total of 50% ( I won't be using
the less probable Trend sub systems but rather systems like QE BTS,
CCI oversold, RSI oversold, Bear Long, Bull Exhaust, etc.
Anyway I don't have anything automated or coded into a TS system
that automatically gives signals, I have to manually pick these
from the SPX chart, that will take quite a while, I will share when
i have it complete.
also I'll be out of town Tue and Wed and be back Thursday
Posted by chapgolf on 20th of May 2019 at 12:32 pm
Matt, really like this system. I have set it up in my own
TS account but don't have the BPT ATR Trailing stop. Is that
something you are sharing? If so, I would like to appreciate
getting a copy. Thank you.
yeah I'll share workspace of indicators in a while. anyway
a bit swamped today, still major issues with my mom, so will be
running over there soon for a bit
thanks for this. when talking about putting trailing stops
on based on the higher lows via the fast ma deluxe, it seemed like
you were referencing placing them intraday, is that accurate or do
you prefer stops based on the close?
The stops would be at the lows of the candles where the fast or
non whipsaw confirming BPT MA was red. The stops would only
be confirmed once the higher low was established and the BPT MA
back green to signal that.
the stops would be INTRA DAY not close. Basically a GTC stop that is active until we
cancel it and replace it with the next higher stop or it's
triggered. Important because that stop protects you by
locking your gains in even if it's one of those crazy 90 point down
days like we saw last fall. For example that stop hit in on Oct
10th, would have triggered at 2860, if you had waited for the close
on Oct 10th, the SPX closed at 2785, so waiting for the close would
have sucked. Again stops are GTC and intra day.
Educational video on the Trending system methodology I've been showing
Posted by matt on 15th of May 2019 at 03:09 pm
Here's a 22 min video recording I did showing that methodology in a more detailed manner via a video format
CLICK HERE to watch the video
Did SPX get the whipsaw
Posted by shecar on 29th of May 2019 at 11:00 pm
Did SPX get the whipsaw confirmation today as discussed in this?
yes they would have on
Posted by matt on 30th of May 2019 at 09:30 am
yes they would have on 60 Stoch and BPT BR Squeeze indicators. Now the question is does price no go down very far and simply reverse back up later on or price go a lot lower. But yes they confirmed. However one rule I'm exploring: notice how the ATR went negative back on 5/13 and stayed negative no even budging during that bounce on the previous couple weeks. Generally my observation is that when this indicator crosses zero, generally it will start reversing back quickly if it's gonna be a whipsaw, but if it just stays below zero a long time, generally it's gonna confirm and one could use that to perhaps exit earlier
Thank you. I dont believe
Posted by shecar on 30th of May 2019 at 11:11 am
Thank you. I dont believe the ATR is on the chart you showed. When you have a chance could you clarify please?
today I may not post
Posted by matt on 24th of May 2019 at 10:02 am
today I may not post too much, i'm gonna be focusing on that Grail System (Trend and reversion to mean combination SPX/SPY system).
regarding the swing type system
Posted by matt on 20th of May 2019 at 12:12 pm
regarding the swing type system I discussed in the video. I have more details worked out and one thing I want to do is go back and fill in trade data, probably start from early 2009, and I'll add the trades to a spreadsheet with stops, re-entries etc, and actually see how well that would do compared to just holding the SPX that whole time. My thoughts are that it will blow it out of the water many fold. And honestly if the results are that superior I may just do away with the weekly and monthly SPX stuff as those are so slow to respond to big moves anyway.
Basic rules I'll be using and indicators:
Indicators: ATR Trailing Stop, BPT MA Deluxe MA 34 length with the whipsaw turned off, using slope change to set higher low stops, 4 MA ribbon, 60 Stochastic, BPT BR Squeeze.
My concept will be as follows: go long with a confirmed 60 Stochastic buy signal or BPT BR Squeeze or MA Ribbon, set immediate stop at last higher low and subsequently move up. I will go long 50% the SSO ETF (2X) which doesn't degrade over time. I will then save the other 50% cash position to go long 25% on ES or SPY high probability sub systems for a total of 50% ( I won't be using the less probable Trend sub systems but rather systems like QE BTS, CCI oversold, RSI oversold, Bear Long, Bull Exhaust, etc.
Anyway I don't have anything automated or coded into a TS system that automatically gives signals, I have to manually pick these from the SPX chart, that will take quite a while, I will share when i have it complete.
also I'll be out of town Tue and Wed and be back Thursday
Matt, really like this system.
Posted by chapgolf on 20th of May 2019 at 12:32 pm
Matt, really like this system. I have set it up in my own TS account but don't have the BPT ATR Trailing stop. Is that something you are sharing? If so, I would like to appreciate getting a copy. Thank you.
yeah I'll share workspace of
Posted by matt on 20th of May 2019 at 12:36 pm
yeah I'll share workspace of indicators in a while. anyway a bit swamped today, still major issues with my mom, so will be running over there soon for a bit
No rush, hope your mom
Posted by chapgolf on 20th of May 2019 at 12:47 pm
No rush, hope your mom is doing better.
Nice video matt
Posted by jacob_lee_pharmd on 17th of May 2019 at 09:31 am
Nice video matt
This is fantastic. Great concept
Posted by shinkans3n on 16th of May 2019 at 09:43 am
This is fantastic. Great concept in here. Thank you Matt!
Love this method, works well
Posted by chapgolf on 16th of May 2019 at 08:26 am
Love this method, works well for my schedule. Thank you, so glad I am a part of this community.
Thank you for the Educational
Posted by steverobin on 16th of May 2019 at 06:44 am
Thank you for the Educational Video! Timeframe on the mobile app?
Hi Matt, Great video. I
Posted by pmahoney on 15th of May 2019 at 06:30 pm
Hi Matt, Great video. I look forward to using this to manage IRA and longer term SPY investing! Thanks Paul
thanks for this. when talking
Posted by shecar on 15th of May 2019 at 06:28 pm
thanks for this. when talking about putting trailing stops on based on the higher lows via the fast ma deluxe, it seemed like you were referencing placing them intraday, is that accurate or do you prefer stops based on the close?
The stops would be at
Posted by matt on 15th of May 2019 at 07:16 pm
The stops would be at the lows of the candles where the fast or non whipsaw confirming BPT MA was red. The stops would only be confirmed once the higher low was established and the BPT MA back green to signal that.
the stops would be INTRA DAY not close . Basically a GTC stop that is active until we cancel it and replace it with the next higher stop or it's triggered. Important because that stop protects you by locking your gains in even if it's one of those crazy 90 point down days like we saw last fall. For example that stop hit in on Oct 10th, would have triggered at 2860, if you had waited for the close on Oct 10th, the SPX closed at 2785, so waiting for the close would have sucked. Again stops are GTC and intra day.
thank you for clarifying
Posted by shecar on 16th of May 2019 at 11:32 am
thank you for clarifying