Regarding the SPY systems a new sub system may trigger today,
the CCI oversold divergent system. I know you are probably 'systemd
out' by now but I report what they are doing. If the CCI triggers
I'll send a trade alert out of it a well. Also on a side note the
Bull Exhaustion 2 sub system is also triggering - it's sort of like
the Exhaustion short which you've seen trigger three times between
late Nov - mid Jan, but on the downside. However I actually
send out trades for the Bull Exhaustion as I have that system with
a group of over longs, QE BTS which already triggered.
Remember I do group some of the systems together to cut down
a little on the trades by grouping the 20 plus systems into 6
charts. The CCI sub system is on its own chart and not in a
group.
So here's the stats: I included the stats of the CCI and the
Bull Exhaustion 2. Both systems have very good stats, but because
they only trigger during times like this, they can have some draw
down. The CCI system the largest draw down was in 2008 in Oct,
which we are not in that type of environment. Anyway you can view
the statistics and I also copied the trade history for you to look
over. As far as the CCI - what it basically looks for is a
deeply oversold CCI below say -250 and then a positive
divergence
anyway plenty of info here for you to make your own informed
decision
Matt--I couldn't find any instructions on what to buy, specifics
on option expiration , strike price, etc. What am I missing?
Your email just said CCI, no help. Is that the full
instruction. Maybe I need some tutoring on where to look for
clear guidance on the trade. Had 12 minutes but couldn't figure it
out.
thefos - check your inbox for an email that provides such
instructions (if you choose to take the trade). Also read the
header (click on title button above)
LOL man again I understand times like this are tough. I
think somewhere was spot on with a post a while back about how I
take an emotional burden with the trades for you guys and they are
probably tougher on me because I'm always worried about you guys, I
looked up and found that post, here's what they wrote here
------
Matt, thanks for all you do; I know you carry the burden of the
trading system especially when we get that rare ( losing trade)
which hasn't even closed out yet. For all we know, after a second
entry it could be a huge winner!
-----
anyway as I've said before the reversion to mean type of trades
are difficult emotionally to do. The 120 min system where we
have a set stop and ratchets is emotionally easier to do. It is
what it is. I try to give you guys all the info and stats I
can so you can make your own decisions. Even the 120 min system is
not perfect - the issue I still have with it is that the 'buy'
signals are still somewhat subjective that's why when I look at
years past, there's times I can't tell if some trades I would have
taken earlier or later. I have most of the rules down but still
some things to do.
actually i like these trades right now as im not finding any
other trades that fit my criteria with all of the broken charts so
this is a nice alternative. looking forward to taking profits
later, thanks!
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPY Systems update possible trade again
Posted by matt on 26th of Feb 2020 at 02:57 pm
Regarding the SPY systems a new sub system may trigger today, the CCI oversold divergent system. I know you are probably 'systemd out' by now but I report what they are doing. If the CCI triggers I'll send a trade alert out of it a well. Also on a side note the Bull Exhaustion 2 sub system is also triggering - it's sort of like the Exhaustion short which you've seen trigger three times between late Nov - mid Jan, but on the downside. However I actually send out trades for the Bull Exhaustion as I have that system with a group of over longs, QE BTS which already triggered. Remember I do group some of the systems together to cut down a little on the trades by grouping the 20 plus systems into 6 charts. The CCI sub system is on its own chart and not in a group.
So here's the stats: I included the stats of the CCI and the Bull Exhaustion 2. Both systems have very good stats, but because they only trigger during times like this, they can have some draw down. The CCI system the largest draw down was in 2008 in Oct, which we are not in that type of environment. Anyway you can view the statistics and I also copied the trade history for you to look over. As far as the CCI - what it basically looks for is a deeply oversold CCI below say -250 and then a positive divergence
anyway plenty of info here for you to make your own informed decision
Matt--I couldn't find any instructions
Posted by thefos on 26th of Feb 2020 at 04:19 pm
Matt--I couldn't find any instructions on what to buy, specifics on option expiration , strike price, etc. What am I missing? Your email just said CCI, no help. Is that the full instruction. Maybe I need some tutoring on where to look for clear guidance on the trade. Had 12 minutes but couldn't figure it out.
thefos - check your inbox
Posted by steve on 26th of Feb 2020 at 04:24 pm
thefos - check your inbox for an email that provides such instructions (if you choose to take the trade). Also read the header (click on title button above)
my inbox is empty, except
Posted by thefos on 26th of Feb 2020 at 04:27 pm
my inbox is empty, except for some 5 yr old messages
Matt sent a message with
Posted by junkie on 26th of Feb 2020 at 04:37 pm
Matt sent a message with an option detail, and I received it.
Check your spam folder
Posted by steve on 26th of Feb 2020 at 04:28 pm
Check your spam folder
Matt -- Thanks for laying
Posted by puma on 26th of Feb 2020 at 03:22 pm
Matt -- Thanks for laying everything out so clearly.
I know these are tough
Posted by matt on 26th of Feb 2020 at 03:32 pm
I know these are tough times guys, so I try to give you as much info as I can
thanks Matt, sorry for emotional
Posted by retirefire on 26th of Feb 2020 at 03:44 pm
thanks Matt, sorry for emotional quarry earlier
LOL man again I understand
Posted by matt on 26th of Feb 2020 at 04:07 pm
LOL man again I understand times like this are tough. I think somewhere was spot on with a post a while back about how I take an emotional burden with the trades for you guys and they are probably tougher on me because I'm always worried about you guys, I looked up and found that post, here's what they wrote here
------
Matt, thanks for all you do; I know you carry the burden of the trading system especially when we get that rare ( losing trade) which hasn't even closed out yet. For all we know, after a second entry it could be a huge winner!
-----
anyway as I've said before the reversion to mean type of trades are difficult emotionally to do. The 120 min system where we have a set stop and ratchets is emotionally easier to do. It is what it is. I try to give you guys all the info and stats I can so you can make your own decisions. Even the 120 min system is not perfect - the issue I still have with it is that the 'buy' signals are still somewhat subjective that's why when I look at years past, there's times I can't tell if some trades I would have taken earlier or later. I have most of the rules down but still some things to do.
actually i like these trades
Posted by morton7 on 26th of Feb 2020 at 03:35 pm
actually i like these trades right now as im not finding any other trades that fit my criteria with all of the broken charts so this is a nice alternative. looking forward to taking profits later, thanks!