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! 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.
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.
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
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
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