Hello everyone and happy Friday. As you know the QE BTS
SPY system is currently in two long trades a 1st and second entry.
FYI there's a chance the open QE BTS trade could receive an
exit signal today. However that system exits on the next
day's open and not the close, therefore if conditions meet today it
would exit Monday morning instead. Of course you could just follow
that or split the difference and exit 1/2 today and 1/2 on
Monday.
On a side note two other sub systems are long as well which I
didn't cover. The Strap and Bull Exhaustion 2 sub systems.
The Strap basically took the same trades as the QE BTS and thus has
two open positions, that one is looking to close at today at the
close. Whereas the Bull Exhaustion 2 (there's 2 versions of this
system version 1 and 2), went long a 1st entry on Wednesday's close
and is not looking to exit yet. Here's an image showing the
individual long sub systems
so the QE BTS DID NOT generate an exit signal, it was lost by
the close. The Bull Exhaust obviously no changes there.
the Strap sub system did end up closing out. I didn't send trade
notifications for those two simply posting for information
purposes. The Strap you will see top middle. QE BTS is bottom left,
and Bull Exhaust is right side middle
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SPY system open trade update and other details
Posted by matt on 25th of Sep 2020 at 02:15 pm
Hello everyone and happy Friday. As you know the QE BTS SPY system is currently in two long trades a 1st and second entry. FYI there's a chance the open QE BTS trade could receive an exit signal today. However that system exits on the next day's open and not the close, therefore if conditions meet today it would exit Monday morning instead. Of course you could just follow that or split the difference and exit 1/2 today and 1/2 on Monday.
On a side note two other sub systems are long as well which I didn't cover. The Strap and Bull Exhaustion 2 sub systems. The Strap basically took the same trades as the QE BTS and thus has two open positions, that one is looking to close at today at the close. Whereas the Bull Exhaustion 2 (there's 2 versions of this system version 1 and 2), went long a 1st entry on Wednesday's close and is not looking to exit yet. Here's an image showing the individual long sub systems
Update on the SPY systems: so
Posted by matt on 25th of Sep 2020 at 04:07 pm
Update on the SPY systems:
so the QE BTS DID NOT generate an exit signal, it was lost by the close. The Bull Exhaust obviously no changes there.
the Strap sub system did end up closing out. I didn't send trade notifications for those two simply posting for information purposes. The Strap you will see top middle. QE BTS is bottom left, and Bull Exhaust is right side middle