3309 Drysdale Ct
Edwardsville, IL 62025
On the SPY system, as you know it's really 19 individual systems
grouped together. In the past all the systems were on one
chart, I then moved to the high probability version where I removed
a few of the higher risk sub systems (used to be 22 sub systems)
and also tightened up the ones that were left. Because there are
fewer trades I grouped the sub systems into several charts, one
chart has 9 of the long sub systems on it (see the first image
upper middle chart), while all the 8 short systems were on another
chart (see first image bottom left). I then have a few systems on
their own chart such as the CCI, an Trend.
anyway I wonder if it just makes sense to not even group them
anymore, instead just send signals for each sub system as they
trigger, the 2nd and 3rd images show all the Long Sub systems and
all the Short Sub systems. It would also fit the new name from SPY
Pro system to SPY Pro High Probability Systems.
However the one caveat is that there will be more overlap. As I
currently have 9 of the Long systems on one chart and 8 of the
shorts on another, doing that only allows one trade on those charts
to show up at a time. If I were to instead just send trade signals
out for each sub system realize there will be a lot more overlap. I
I don't have the statistics, but there could be rare times when 3
or 4 sub systems all get into overlapping trades with 2nd and 3rd
entries on some of them.
anyway you can let me know your thoughts, keep it like I have it
or just do all the sub systems?
also to keep the trading community clean for market posts, send
me a private message instead of replying publicly to this post.
Matt, as many have stated already, please leave it as simplistic
as possible. Like others, working a full time job and utilizing the
new Spy Pro System has been a great tool!
Just my humble opinion here, I realize you have an
extremely technical mind and want to share as well as do
what's best for the membership, but sometimes multiple
systems can lead to "analysis paralysis" and generate confusion and
Again just my view, so far the new Spy Pro is doing
extremely well. If it isn't broken or doesn't need modifications,
might be best to leave as is until performance proves
Agree that for those of us that can't be day trading and
watching things all the time due to regular jobs / other
commitments, as simple as possible having just one system that is
either in or out is preferable to me and negates confusion.
i don't day trade, but i'm able to log in the community blog
around opening and closing to see if matt has made a comment about
the system. i don't think that there is a simple system for
everyone, but i'm afraid if it's "tweaked", it might not be as
yeah I mean guys it's the same system or systems, there just
might be a few more trades when the market really pulls back hard
because instead of sub systems that get covered up because on the
same chart you would see them
Matt, I have pondered ways to quantify the state of the system.
By that I mean some kind of scoring to include the state of the
multiple systems. Something like adding the
profitability scores of each active component. Since the
systems represent different strategies, maybe multiple indexes like
Reversion to mean, momentum, trending, etc.
Just a thought or two. Thanks for your many hours on systems. I
think they speak to those of us who are not able to profit from the
watch list. For example, I have continued to be a member
primarily for the analysis and the systems.
Hi Matt, I'm new to the site so can I ask when do you send the
signals for the SPY system (time of day)? Do you send these signals
via email? Is there any data going further back or is it not
posted because you have revamped the system? I'm looking forward to
participating going forward. Thanks!
Hello and welcome! Yes one of the things I need to do is
put up pages in the SPY section showing trade examples, past
history, and an FAQ. Never seems like there's time in the day
for me to work on it lately.
The way signals are sent are 3 fold really. One I post
them here on the trading community blog, and I make then a sticky
post that day. Two I of course email out the trade signals. The
caveat is that many times the signals can't be confirmed until near
the close of the day. For ETF's this is not an issue as they trade
until 8 pm EST in the after hrs market and are highly liquid. For
options you have 15 min to enter them after the market closes. I
also send out an SMS message. We are also working on an IOS/Android
app that once completed will be in the Apple Store and Google Play
Store, you will be able to install them on you phone as apps and we
will be able to push notifications to your phone's drop down
Thank you, this is really helpful knowing how the signals are
sent out. I will check with Etrade and make sure I have the option
to trade the etf afterhours.
And also, when you get the chance on the back data, trade
examples and FAQs that would be great although I know you are super
busy. I am looking forward to trading the signals and being a
part the community here.
I like the various charts as I take multiple entries. With the
Micro contracts the risk is so much more reduced and I am able to
stretch the stop loss to a proper position. No stop outs yet since
A few more comments though.
1. Do we manage to catch most big sell-offs or is there a way we
can get into more of them.
2. i am waiting for a catching a long trend system not only the
3. Love your options option(pun intended). I trade the signals
with futures on Tradestation and the options on thinkorswim.
Thanks for your input. Keep trucking.
The more broken out the better. If I know 3 different long
systems wanted to be long it would give me more confidence to trade
around it intraday on 60 min charts and such.
Hi Matt. Love the systemðŸ‘ But would like to
have one set and not multiple. To keep in simple. Thanks
multiple systems allow me to add to my position.
Agree - I would prefer individual charts for each and would
manage (add or subtract) as appropriate to positions
remember it's already not one set, it's in-between, spread
around 6 charts. I don't think it's optimal to take those back to
one chart, at minimum I think shorts need to be on their own chart
and longs on their on chart. otherwise that's why I suggested
instead of being in the middle like we are just go full individual
systems, would fit the name SPY Pro High Probability Systems
instead of system.
Agreed. One long and one short would be great
The SPY system is very useful to me. I have a full time
job and can't be in front of the computer every day. I like
that I can buy after the market closes and once a higher low is
established, can move my stop accordingly. I like that it can
take different types of trades including shorts. I expect to
be underwater when getting established in positions.
Something I need to develop better is where to close the
trade out if it doesn't work. I joined because of the SPY
system but have come to use the !PMOBUYALL, $BPSPX Renko, and the
$BPGDM chart as well. I am tickled pink to say the least.
I like the way you have identified the high percentage trading
systems but I miss the old systems as a mechanical
‘check’ to my own personal trading strategy. It
would be nice to apply your systems to the Dow qqq and iwm. I
like the Addition of option trades.
I've only been here for the last entry. System is easy to
comprehend and use. Very satisfied with Breakpoint Trades
thanks for the feedback, I also think the educational stuff we
show and discuss is really beneficial.
on a side note we are still working on an IOS/Android app,
hopefully we can have a beta version of that sometime in late July
or Aug. I think notifications will also be easier though that
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