SPY system comments and feedback needed

    Posted by matt on 12th of Jul 2019 at 10:44 am

    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. thanks

    Matt, as many have stated

    Posted by rfa300 on 15th of Jul 2019 at 11:09 am

    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 doubt. 

    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 otherwise. 

    Agree that for those of

    Posted by blayden on 15th of Jul 2019 at 11:58 am

    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

    Posted by Breakdown on 15th of Jul 2019 at 12:11 pm

    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 good.   imho.

    yeah I mean guys it's

    Posted by matt on 15th of Jul 2019 at 12:25 pm

    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

    Posted by jroger on 15th of Jul 2019 at 10:39 am

    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

    Posted by cozz101 on 13th of Jul 2019 at 08:39 pm

    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

    Posted by matt on 14th of Jul 2019 at 12:48 am

    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 notification menu.

    Thank you, this is really

    Posted by cozz101 on 14th of Jul 2019 at 04:31 pm

    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.   

    Matt, I like the various charts

    Posted by mundy on 13th of Jul 2019 at 03:45 am


    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 the re-launch.

    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 breakout system.

    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

    Posted by chadtech on 12th of Jul 2019 at 11:34 pm

    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‘

    Posted by jacob_lee_pharmd on 12th of Jul 2019 at 04:05 pm

    Hi Matt. Love the system👠But would like to have one set and not multiple. To keep in simple. Thanks

    multiple systems allow me to

    Posted by Breakdown on 12th of Jul 2019 at 04:07 pm

    multiple systems allow me to add to  my position.  

    Agree - I would prefer

    Posted by skyhansen on 12th of Jul 2019 at 06:32 pm

    Agree - I would prefer individual charts for each and would manage (add or subtract) as appropriate to positions

    remember it's already not one

    Posted by matt on 12th of Jul 2019 at 04:06 pm

    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

    Posted by jacob_lee_pharmd on 12th of Jul 2019 at 06:02 pm

    Agreed. One long and one short would be great

    The SPY system is very

    Posted by chapgolf on 12th of Jul 2019 at 04:03 pm

    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.  Thank you.

    I like the way you

    Posted by cape_rover on 12th of Jul 2019 at 03:30 pm

    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

    Posted by retirefire on 12th of Jul 2019 at 11:11 am

    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

    Posted by matt on 12th of Jul 2019 at 12:18 pm

    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 vs email


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