120 min SSO system stop number 5

    Posted by matt on 8th of Jan 2020 at 10:18 am

    Stop at 149.35, stop #5

    DVT number 6 now on

    Posted by matt on 8th of Jan 2020 at 03:39 pm

    DVT number 6 now on 2hr

    as far as my day

    Posted by matt on 8th of Jan 2020 at 03:50 pm

    as far as my day trading what I'm doing lately is really just a fractal of what I'm doing with that 2hr. I'm finding an entry, then set my initial stop based on the BPT MA, then move my stop up each time until stopped out.

    here's a trade I did this afternoon on a 900 tick, was able to raise stop 5 times then out.  nice as relaxed.  the method is fractal meaning same methodology works on any time frame

    Hi Matt, nice trade setup!

    Posted by piclez on 9th of Jan 2020 at 12:03 am

    Hi Matt, nice trade setup! Question, have you thought about using Slack to post some real time trade ideas like this one? Users get notified quicker and it's free. I could help set it up. 

    I did 3 major longs

    Posted by matt on 8th of Jan 2020 at 03:51 pm

    I did 3 major longs today that way, a couple in the morning and the big one in the afternoon out of that flag.

    Matt,  Is there a reason

    Posted by cape_rover on 8th of Jan 2020 at 12:11 pm

    Matt,  Is there a reason you trade SSO rather SPXL or UPRO?

    so I have combo like

    Posted by matt on 8th of Jan 2020 at 12:54 pm

    so I have combo like system that attempts to combine the reversion to mean systems with a trending system where one would stay long 50% SSO in bull markets, which will match the SPX returns and it does not degrade so can be held for long periods of time.

    For example the concept would be to be long 50% SSO in an account as long as the market remained in a bull market. So if the SPX made 20% one year, you would make roughly 20% in that account as well (19% to 21%) in reality while 50% of your capital remains in cash.  Then with the other 50% capital you take the high probability reversion to mean system trades. So at worst if there were no SPY system trades you match the SPX returns for that year, but in basically all situations you always beat the SPX annual returns because you will make money on the other 50% capital you trade vis the SPY system. 

    it's a concept called the Super SPY that I had some talks with a group perhaps making a mutual fund or ETF. 

    For financial advisors and most of that indicator everything is bench marked to the SPX.  Think about it.  Everyone asks advisers or when looking at funds, 'Okay you made X return last year, or the last 3 or 5 years, what did the SPX return?  Did you beat the SPX? Most funds out there do not.  So why fight it, why not create a vehicle that will always at least match the SPX with 50% SSO, but with the added reversion to mean trades will always beat it.   As far as the reversionto mean trades you take using your other 50% capital, I use a smaller number, only the best of best. Again even if you only had 5 - 10 trades in a year but they all made money - that adds to the return over the SPX, so what I've seen for example:

    SPX returns 20% one year, you make 40%, SPX returns 10%, you make 20%, etc. it's a very cool concept

    anyway that's the concept, something I've talked about before.  

    sounds interesting.   Which SPY

    Posted by shecar on 8th of Jan 2020 at 01:01 pm

    sounds interesting.   Which SPY system trades would you consider to be the "best of the best"?

    honestly most of  them, except

    Posted by matt on 8th of Jan 2020 at 01:06 pm

    honestly most of  them, except on Trend proably 2nd entries instead of 1st .  Otherwise almost everything: Breakout, Bull Exhaust, CCI, QE Longs, Trend 2nd entries, RSI Oversold, Bear Long.  No shorts

    cool, makes sense, thanks.

    Posted by shecar on 8th of Jan 2020 at 01:10 pm

    cool, makes sense, thanks.

    Love this 2 hr system,

    Posted by cozz101 on 8th of Jan 2020 at 10:34 am

    Love this 2 hr system, when do you think  you will be ready to share it with members? 

    I honestly don't know.  I

    Posted by matt on 8th of Jan 2020 at 10:39 am

    I honestly don't know.  I have most of it but I would like to take the time and go over years of trades and compile the data. I also have a myriad of filters in mind that I'm not decided on

    in the mean time for day trading I've been using the concept to day trade ES very effectively on 1, 3, 5 min charts or tick charts like 1500 tick, 900 tick etc

    Hopefully before the next big

    Posted by cozz101 on 8th of Jan 2020 at 10:43 am

    Hopefully before the next big buy-in on the 2 hr system  :) 

    This is the perfect complement to the SPY HP system in my mind

    I mean if you felt

    Posted by matt on 8th of Jan 2020 at 11:12 am

    I mean if you felt like you had to be long now, one way you could look at it, price is close to that stop 5, you could be long now with a stop there

    Trump speaking

    Posted by matt on 8th of Jan 2020 at 11:25 am

    Trump speaking

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