Clearly the Trend/Pullback got a slightly better exit this
morning on the open than the QE BTS which exited yesterday at the
close.
Here's the image confirmation that shows the two
systems.
Also PLEASE don't construe these system exits as a short on the
market. Has nothing to do with that. Remember my description:
The SPY Pro systems
are a collection of 22 sub systems most of them are reversion to
mean meaning that they will attempt to buy oversold pullbacks in
uptrends, or short oversold rallies in downtrends. They are based
off past statistics and look for high probability trade
situations based off rare statistical occurrences. For
example a recent trade to this was an Exhaustion Short which
was taken on 9/2/20, and the market sold off strongly starting the
next day. The name of that sub system itself is pretty
descriptive of what that sub system is looking for i.e.
exhaustion short, it sensed correctly that the market has been
trading up for too many days in a row and was due for a
correction. That exhaustion condition has only occurred
about 20 times in the last 25 years with 93% of them
producing winning trades or pullbacks. Also the Exhaustion
trade is clearly a count trend trade as it only occurs when prices
are strong uptrending. Remember these sub systems
simply look for trade opportunities whenever the market gets
stretched one way or another, it then looks to close the
trades out after that mean reversion occurs. These sub
systems are completely opposite to the KISS SPX 401K which is
a trending system that tries to stay long all the time in
uptrends. These systems are mostly in cash, and look for
trade opportunities here and there.
If you haven't looked at the SPY system in a while, look at it
again. Remember I update that section with the
trades.
Also I've added a lot more description there such as a brief
description of all the sub systems, and an FAQ. Now the FAQ is not
finished, in fact I simply copied it from the old website, since
things have changed I will need to update and change the text, but
will be nice to have that
also as far as statistics for each of the sub systems. I'm going
to make a point to upload images of the statistics to each of the
22 sub systems
again guys I'm not finished with the text here, I still have to
change some things etc, add things but it's fleshing out, before
there wasn't much here except a trades table
SPY system trades
Posted by matt on 16th of Sep 2020 at 09:54 am
Clearly the Trend/Pullback got a slightly better exit this morning on the open than the QE BTS which exited yesterday at the close.
Here's the image confirmation that shows the two systems.
Also PLEASE don't construe these system exits as a short on the market. Has nothing to do with that. Remember my description:
The SPY Pro systems are a collection of 22 sub systems most of them are reversion to mean meaning that they will attempt to buy oversold pullbacks in uptrends, or short oversold rallies in downtrends. They are based off past statistics and look for high probability trade situations based off rare statistical occurrences. For example a recent trade to this was an Exhaustion Short which was taken on 9/2/20, and the market sold off strongly starting the next day. The name of that sub system itself is pretty descriptive of what that sub system is looking for i.e. exhaustion short, it sensed correctly that the market has been trading up for too many days in a row and was due for a correction. That exhaustion condition has only occurred about 20 times in the last 25 years with 93% of them producing winning trades or pullbacks. Also the Exhaustion trade is clearly a count trend trade as it only occurs when prices are strong uptrending. Remember these sub systems simply look for trade opportunities whenever the market gets stretched one way or another, it then looks to close the trades out after that mean reversion occurs. These sub systems are completely opposite to the KISS SPX 401K which is a trending system that tries to stay long all the time in uptrends. These systems are mostly in cash, and look for trade opportunities here and there.
MATT - I believe that
Posted by bobhug on 16th of Sep 2020 at 11:32 am
MATT - I believe that the entry date shown in the SPY System Trades for the QE BTS option entry should be 9/8, not 9/9?.
If you haven't looked at
Posted by matt on 16th of Sep 2020 at 09:56 am
If you haven't looked at the SPY system in a while, look at it again. Remember I update that section with the trades.
Also I've added a lot more description there such as a brief description of all the sub systems, and an FAQ. Now the FAQ is not finished, in fact I simply copied it from the old website, since things have changed I will need to update and change the text, but will be nice to have that
also as far as statistics for each of the sub systems. I'm going to make a point to upload images of the statistics to each of the 22 sub systems
again guys I'm not finished with the text here, I still have to change some things etc, add things but it's fleshing out, before there wasn't much here except a trades table
https://breakpointtrades.com/current_spy/