This sub system is not triggering on SPY however the previous
one was a good trade and the one on ES has great stats and since we
need some good trades there I may send this out, here's the
detailed stats: Profit Factor of 68.3 (gross profit / gross
loss = 75.7K/1.1K = 68.3). 93% winning trades. 57 total
trades. As far as the individual trades there were 29 of the
trades were single entry, 10 of the trades had 2 entries, and 4 of
the trades had 3 entries. As far as closing out this trade has
little risk because will close out on a close back below a fast 5
day SMA.
i think goldman is looking for 2400 on sp500 ..looking over
larry williams cycles last night he saying a buy poit around nmay
28th on mkt now we all know it aint going straight anywhere but as
usual we shall see
as someone commented below, the hi,mid,low short - currently ES
is 2899.5 and the 5 SMA is 2893.1, so not very far away. Remember
that strat is a simple reversion to mean, only looks for a close
back below the 5 SMA, so not a lot of meat there
the issue is the market has weakened all day, the signal was
there this morning at the highs, so with the market having fallen
it's lost a lot of that difference
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Hi,Mid,Lo short may trigger on ES daily system
Posted by matt on 12th of May 2020 at 11:51 am
This sub system is not triggering on SPY however the previous one was a good trade and the one on ES has great stats and since we need some good trades there I may send this out, here's the detailed stats: Profit Factor of 68.3 (gross profit / gross loss = 75.7K/1.1K = 68.3). 93% winning trades. 57 total trades. As far as the individual trades there were 29 of the trades were single entry, 10 of the trades had 2 entries, and 4 of the trades had 3 entries. As far as closing out this trade has little risk because will close out on a close back below a fast 5 day SMA.
well guys I guess my
Posted by matt on 12th of May 2020 at 03:49 pm
well guys I guess my hi,mid,low short signal this morning called a nice top LOL
Is the signal still valid
Posted by disciple33 on 12th of May 2020 at 03:55 pm
Is the signal still valid for an entry, seeing that it has dropped quite a bit intraday? I'm assuming the normal entry would be end of day.
no - see below -
Posted by matt on 12th of May 2020 at 03:58 pm
no - see below - the target was already achieved - no trade
i think goldman is looking
Posted by RP on 12th of May 2020 at 03:51 pm
i think goldman is looking for 2400 on sp500 ..looking over larry williams cycles last night he saying a buy poit around nmay 28th on mkt now we all know it aint going straight anywhere but as usual we shall see
the short signal is now
Posted by matt on 12th of May 2020 at 03:35 pm
the short signal is now gone as price is below the 5 SMA
as someone commented below, the
Posted by matt on 12th of May 2020 at 03:12 pm
as someone commented below, the hi,mid,low short - currently ES is 2899.5 and the 5 SMA is 2893.1, so not very far away. Remember that strat is a simple reversion to mean, only looks for a close back below the 5 SMA, so not a lot of meat there
the issue is the market has weakened all day, the signal was there this morning at the highs, so with the market having fallen it's lost a lot of that difference