this is an example of how the email will look for the trades.
What will change probably between now and the close will be the
specific option strike prices, and of coruse if one of the systems
lost the conditions only one of them may do a trade.
---------
Good afternoon everyone, as you know
the market has been selling off this week strongly, especially
following the FOMC. The SPY Pro high probability systems have been
in the safety of cash during this time. However today with the
market sell off, two of the sub systems are going long via 1st
entries (Strap and Trend systems). The Strap sub system has
very strong statistics with a historical trades of 93.25% winners
and 74 total trades since 1995. However the Strap tends to be a
very quick trade, lasting on average 3 - 5 days only.
The Trend Trade has good statistics,
however out of all the sub systems it has the potential for most
draw down, so keep that in mind, there are quite a few situations
in the past where it took 3 entries.
For trades today we are 1st entry
long trades for both sub systems:
For Strap Long: - Long 34 shares of SPY ETF ($10K)
- option: long one contract, Sept 20th 265 strike
price
For Trend Long - Long 34 shares of SPY ETF ($10K)
- option: long one contract, Oct 18th 258 strike price
for the moment Strap has lost it's conditions to go long, unless
we pullback more before the close. If price holds up here before
the close then only one sub systems may take a trade, the Trend
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this is an example of
Systems SPY etc, probably trades today early heads up
Posted by matt on 2nd of Aug 2019 at 03:29 pm
this is an example of how the email will look for the trades. What will change probably between now and the close will be the specific option strike prices, and of coruse if one of the systems lost the conditions only one of them may do a trade.
---------
Good afternoon everyone, as you know the market has been selling off this week strongly, especially following the FOMC. The SPY Pro high probability systems have been in the safety of cash during this time. However today with the market sell off, two of the sub systems are going long via 1st entries (Strap and Trend systems). The Strap sub system has very strong statistics with a historical trades of 93.25% winners and 74 total trades since 1995. However the Strap tends to be a very quick trade, lasting on average 3 - 5 days only.
The Trend Trade has good statistics, however out of all the sub systems it has the potential for most draw down, so keep that in mind, there are quite a few situations in the past where it took 3 entries.
For trades today we are 1st entry long trades for both sub systems:
For Strap Long:
- Long 34 shares of SPY ETF ($10K)
- option: long one contract, Sept 20th 265 strike price
For Trend Long
- Long 34 shares of SPY ETF ($10K)
- option: long one contract, Oct 18th 258 strike price
for the moment Strap has
Posted by matt on 2nd of Aug 2019 at 03:35 pm
for the moment Strap has lost it's conditions to go long, unless we pullback more before the close. If price holds up here before the close then only one sub systems may take a trade, the Trend