I was gone much this afternoon, took far longer than I expected,
I've only been back about 20 min. Anyway for the SPY systems one of
the Short Sub Systems is called the 60 Stochastic Short, it's a
condition were 60 Stochastics had been trending above 80%, then
falls below and bounces back where it finds resistance on the under
side of 80%. Again this is one of the short sub systems for
the SPY and ES systems.
anyway I just happened to notice that the same short condition
from the daily sub short system occurred on the 5 min SPX. Here's
an image, the left side shows today's 5 min SPX, you can see the 60
Stochastic reversal off the underside of 80%. On the right is one
of the past short trades on the SPY system via this trade
condition. Anyway you can see it's the exact same condition.
anyway the purpose of this was to show you a real world example
of one of the SPY sub systems that occurred here intra day.
Most of the sub systems are logical or easy to understand
conditions like this. That was the point of this post to just
show an example of one of the sub systems easy to understand
logic and then seeing that same condition occur here intraday on a
5 min chart
Great posting Matt, Good to see the systems on the smaller time
frames. Have you tested the systems on smaller time frames and if
so how good were their results.
yeah I mean the whole point was to demystify the systems. Yes
they are complex but they also are not, and many of them look for
simple things like that, that was the point of showing that.
That looks good but it did it on the 10th as well around
1:30 pm which also worked for a few candles , is there a window of
time that needs to be met before the system calls it a trend?
thanks
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example of one of the SPY sub sysetm contions on a 5 min chart
Posted by matt on 11th of Feb 2020 at 03:50 pm
I was gone much this afternoon, took far longer than I expected, I've only been back about 20 min. Anyway for the SPY systems one of the Short Sub Systems is called the 60 Stochastic Short, it's a condition were 60 Stochastics had been trending above 80%, then falls below and bounces back where it finds resistance on the under side of 80%. Again this is one of the short sub systems for the SPY and ES systems.
anyway I just happened to notice that the same short condition from the daily sub short system occurred on the 5 min SPX. Here's an image, the left side shows today's 5 min SPX, you can see the 60 Stochastic reversal off the underside of 80%. On the right is one of the past short trades on the SPY system via this trade condition. Anyway you can see it's the exact same condition.
anyway the purpose of this was to show you a real world example of one of the SPY sub systems that occurred here intra day. Most of the sub systems are logical or easy to understand conditions like this. That was the point of this post to just show an example of one of the sub systems easy to understand logic and then seeing that same condition occur here intraday on a 5 min chart
Great posting Matt, Good to
Posted by mundy on 11th of Feb 2020 at 04:29 pm
Great posting Matt, Good to see the systems on the smaller time frames. Have you tested the systems on smaller time frames and if so how good were their results.
yeah I mean the whole
Posted by matt on 11th of Feb 2020 at 09:24 pm
yeah I mean the whole point was to demystify the systems. Yes they are complex but they also are not, and many of them look for simple things like that, that was the point of showing that.
That looks good but it
Posted by loujjj on 11th of Feb 2020 at 08:56 pm
That looks good but it did it on the 10th as well around 1:30 pm which also worked for a few candles , is there a window of time that needs to be met before the system calls it a trend? thanks