3309 Drysdale Ct
Edwardsville, IL 62025
Looks like the QE BTS sub system will be taking a 3rd entry
today. I'll send out the email near the close
on a side note the SPY sub system hi, mid low is taking a
1st entry. NOW I'm not emailing that as a trade because it's
already covered up on the SPY chart that has all the shorts
on it since the QE BTS is already in a trade. Here's an image of
all the sub system shorts. I am mentioning it because the
stats are very high i.e a profit factor of 300, 96.7% winning
trades, and a 3.6% max historical draw down. So maybe the market is
getting closer to a pullback. That sub system only takes a quick
trade - it would close out easily on a 1 or 2 day market
Also regarding the open QE BTS - I've been asked
what does that need to close out, it simple needs a close below a
fast moving average, I think it's a 4 or 5 SMA, so I know some of
you are thinking the market goes back to the highs eventually,
maybe it does or maybe it doesn't, however I'm sure there will be a
pullback below the 4 or 5 MA along the way before that occurs as
that's a very fast MA.
on a side note the Trend/Pullback original sub system still
remains in a long trade with no signs yet of closing out
Matt .....amazing work as usual... Though i didnt take a short
trade , atleast exited all my longs
Since we don't have a "like" button...ditto! Excellent work and
congrats to all who followed the discipline.
great call on the short MATT and STEVE!
yes nice drop though futures off the lows. Keep in mind I
could even see something like this playing out soon a bounce lower
high then drop. It's one of my buddies charts. we'll see. I
don't have his indicators so I can't go into them more detail
though he's been pretty spot on. Again who knows, don't trade off
that just showing as one scenario.
Maybe a push to 2790 futs , was pretty close.
Thanks for the update Matt. I went long SDS on the the SPY
QE BTS system 2nd entry on April 8th. You say above that the
QE BTS system will exit on a close below a fast MA.
As the fast MA is now above the entry price for both the first and
second entry, can you please clarify the exit criteria for those
first and second entries? Apologies if a dumb question -
Don’t you buy a put out of the money 276 sounds like a
I think your strike price is wrong? please check and let us
It should be above 283 if it’s a put
it's 276 which is a delta of 0.4, which is what I was targeting.
Below 0.5. again I still think the market could push to
guys I'll update the spreadsheet tonight, I have to run an
Just to clarify, this PUT you're buying is out of the money?
by the way the average hold time on that hi,mid,low short is 3
days 3 hr LOL, like I said, I'm not worried about that getting
caught holding forever, even if the market were to work slowly back
to the highs, somewhere along the way the SPY would close below the
4 SMA, that's a very fast MA
Can you explain the meaning of the red lines below the
charts. What are they telling you what are they measuring please
those are my trade indicators that tell me if a sub system is
taking an entry - if you look at those you can see they each have
individual names for each sub system. Every sub system has its own
trade indicator. The systems are daily only - trades only show up
on the close of the bar. Whereas the indicators are intra bar,
that's who I know if a trade can occur or not, if I had to wait for
the actual system I would have to wait for the bar to close
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