Thanks for giving the heads up earlier...I did take a few trades
then but waited for the bulk until you gave the go ahead. I am new
to after hours trading and see that even on SPY prices are slightly
worse than the close but regardless, we are talking pennies and I'm
glad to be in on my first trade with BPT SPY system!
On this note, is it better to buy SPY at market in the after
hour session or put in a limit for the price we closed at? I put in
a limit near market to purchase this time but it was higher than
the close. Would it be better to put a limit in at the closing
price knowing it may not fill? Just want to get this right going
forward. Thanks
here's an old description of the systems, which I will be adding
back to the SPY section, also some of these need updated, but this
gives a very brief description of the systems
Longs:
1.
Trend long- only buys pullbacks when prices are
above long term MA's along with up sloping MA's, exits when certain
indicators recycle
2.
QE Long- A reversion to mean trade similar to the
Larry Conners RSI 2 reversion to mean strategy, however uses a %R
indicator instead. Price must be over the 200 day MA for
longs and below for shorts.
3.
Pullback long trade- similar to the Trend
Long but slightly different settings
4.
Very strong trend pullback Long- takes long trades
only when price is moving up strongly and the 20 day MA is up
sloping strong and RSI 3 oversold
5.
Bear Long- a special type long trade that only
occurs in bear markets, very stringent conditions and rare but very
reliable. various filters built in here to allow it to exit quickly
if need to for a small bounce only, or hold the trade for 1 - 2
months if conditions look ripe for a strong move off the
lows
6
. Exhaustion Long in bull market - opposite
of the Exhaustion Short above, occurs when price is too stretched
oversold, however price is still in a bull market. Bull market is
defined generally when price is above the 200 MA and it is in a
positive slope. I have two versions of this, 1 and
2
7.
Exhaustion Long in bear market - similar to the
one above, but occurs in bear markets so price has to be stretched
MUCH further oversold
8.
RSI 14 long off 40%- occurs in bull markets only,
when 14 RSI V's off the 40% level
9.
RSI 14 oversold trade- RSI is very oversold
long, various filters built in here to allow it to exit quickly if
need to for a small bounce, or hold the trade for 1 - 2 months if
conditions look ripe for a strong move off the lows
10.
Strap Long- a specialized Long trade that occurs
when a Stochastic indicator gets oversold but price remains above a
short term MA like the 20 - 30 MA
11.
60 Stochastic Long off 50%- uses a 60
Length Stochastic, which is a trending Stochastic setting, the
condition occurs near the 50% level of the 60 length
Stochastic.
12.
Breakout System- This is a NEW system that I
developed in early 2017 that is non-reversion to mean. It is
different than the other long strategies in that it doesn't require
a pullback in an uptrend to go long, instead it buys strength or a
breakout condition! In very low volatility markets like the
one we've seen in 2017 that has had the lowest volatility in 100
years, the market has had very shallow pullbacks which were not
deep enough for many of the reversion to mean systems to catch -
the breakout system can catch these trades. This system addition is
yet another diversification to the system.
13.
Stochastic Momo- a new sub systems I developed in July 2019, that uses a 60
length Stochastic trending over 80% to note momentum uptrend
conditions, along with a %R indicator to buy shallow pullbacks.
This system catches shallow pullbacks in a strong uptrending market
where you most other reversion to mean systems will not trigger
because the pullbacks are too shallow to trigger this.
Shorts:
1.
QE Short - Like the one above, but for shorts,
different filters etc
2.
Exhaustion Short #1- this trade take short
trades when the market is in a very strong uptrend, but
statistically is very very stretched such as over 22 days above the
8 day MA and %R over 90%, exits on a quick pullback. I have 2
versions of this, 1 and 2
3.
Exhaustion Short #2- same methodology as
above, however slightly different settings
4/5/6.
Hi, Mid, Low short- these are three type of
short trades that occur primarily in bear markets when price gets
overbought, I have 3 types of these
7.
60 Stochastic Short off 80%- uses a
60 Length Stochastic, which is a trending Stochastic setting, the
condition occurs near the 80% level of the 60 length
Stochastic.
8.
60 Stochastic Short off 50%- same
general logic as the one above, except this condition occurs near
the 50% level on the 60 length Stochastic.
9.
34 Stochastic Short off 80%- same
as trades above but uses a 34 length for Stochastic instead of 60
length
10.
60 DVDS Stochastic trade- similar
trade to above, but uses a special normalized Stochastic
indicator
11.
Strap Short- a specialized Short trade that
occurs when a Stochastic indicator gets overbought but price
remains below a short term MA like the 20 - 30 MA
- that's a list of most of the individual small systems, that
all work individually, and together
- tons of filters in place as well
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Thanks for giving the heads
Systems SPY etc, probably trades today early heads up
Posted by cozz101 on 2nd of Aug 2019 at 04:29 pm
Thanks for giving the heads up earlier...I did take a few trades then but waited for the bulk until you gave the go ahead. I am new to after hours trading and see that even on SPY prices are slightly worse than the close but regardless, we are talking pennies and I'm glad to be in on my first trade with BPT SPY system!
On this note, is it
Posted by cozz101 on 3rd of Aug 2019 at 09:22 am
On this note, is it better to buy SPY at market in the after hour session or put in a limit for the price we closed at? I put in a limit near market to purchase this time but it was higher than the close. Would it be better to put a limit in at the closing price knowing it may not fill? Just want to get this right going forward. Thanks
here's an old description of
Posted by matt on 4th of Aug 2019 at 01:20 pm
here's an old description of the systems, which I will be adding back to the SPY section, also some of these need updated, but this gives a very brief description of the systems
Longs:
1. Trend long- only buys pullbacks when prices are above long term MA's along with up sloping MA's, exits when certain indicators recycle
2. QE Long- A reversion to mean trade similar to the Larry Conners RSI 2 reversion to mean strategy, however uses a %R indicator instead. Price must be over the 200 day MA for longs and below for shorts.
3. Pullback long trade- similar to the Trend Long but slightly different settings
4. Very strong trend pullback Long- takes long trades only when price is moving up strongly and the 20 day MA is up sloping strong and RSI 3 oversold
5. Bear Long- a special type long trade that only occurs in bear markets, very stringent conditions and rare but very reliable. various filters built in here to allow it to exit quickly if need to for a small bounce only, or hold the trade for 1 - 2 months if conditions look ripe for a strong move off the lows
6 . Exhaustion Long in bull market - opposite of the Exhaustion Short above, occurs when price is too stretched oversold, however price is still in a bull market. Bull market is defined generally when price is above the 200 MA and it is in a positive slope. I have two versions of this, 1 and 2
7. Exhaustion Long in bear market - similar to the one above, but occurs in bear markets so price has to be stretched MUCH further oversold
8. RSI 14 long off 40%- occurs in bull markets only, when 14 RSI V's off the 40% level
9. RSI 14 oversold trade- RSI is very oversold long, various filters built in here to allow it to exit quickly if need to for a small bounce, or hold the trade for 1 - 2 months if conditions look ripe for a strong move off the lows
10. Strap Long- a specialized Long trade that occurs when a Stochastic indicator gets oversold but price remains above a short term MA like the 20 - 30 MA
11. 60 Stochastic Long off 50%- uses a 60 Length Stochastic, which is a trending Stochastic setting, the condition occurs near the 50% level of the 60 length Stochastic.
12. Breakout System- This is a NEW system that I developed in early 2017 that is non-reversion to mean. It is different than the other long strategies in that it doesn't require a pullback in an uptrend to go long, instead it buys strength or a breakout condition! In very low volatility markets like the one we've seen in 2017 that has had the lowest volatility in 100 years, the market has had very shallow pullbacks which were not deep enough for many of the reversion to mean systems to catch - the breakout system can catch these trades. This system addition is yet another diversification to the system.
13. Stochastic Momo - a new sub systems I developed in July 2019, that uses a 60 length Stochastic trending over 80% to note momentum uptrend conditions, along with a %R indicator to buy shallow pullbacks. This system catches shallow pullbacks in a strong uptrending market where you most other reversion to mean systems will not trigger because the pullbacks are too shallow to trigger this.
Shorts:
1. QE Short - Like the one above, but for shorts, different filters etc
2. Exhaustion Short #1- this trade take short trades when the market is in a very strong uptrend, but statistically is very very stretched such as over 22 days above the 8 day MA and %R over 90%, exits on a quick pullback. I have 2 versions of this, 1 and 2
3. Exhaustion Short #2- same methodology as above, however slightly different settings
4/5/6. Hi, Mid, Low short- these are three type of short trades that occur primarily in bear markets when price gets overbought, I have 3 types of these
7. 60 Stochastic Short off 80%- uses a 60 Length Stochastic, which is a trending Stochastic setting, the condition occurs near the 80% level of the 60 length Stochastic.
8. 60 Stochastic Short off 50%- same general logic as the one above, except this condition occurs near the 50% level on the 60 length Stochastic.
9. 34 Stochastic Short off 80%- same as trades above but uses a 34 length for Stochastic instead of 60 length
10. 60 DVDS Stochastic trade- similar trade to above, but uses a special normalized Stochastic indicator
11. Strap Short- a specialized Short trade that occurs when a Stochastic indicator gets overbought but price remains below a short term MA like the 20 - 30 MA
- that's a list of most of the individual small systems, that all work individually, and together
- tons of filters in place as well