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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?
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