possible trade on the Trend/Pullback sub system, which can be
early at times. Not setting any of the other systems showing
anything let, should the SPX work lower to those next major support
levels I showed earlier I could see one of the other sub systems
could go long as well as this taking a 2nd entry
Good afternoon everyone, been a wild
day and a crazy week with the market and everything.
Anyway it's Friday afternoon
regarding the SPY reversion to mean systems, earlier today 3 of the
sub systems were meeting conditions to trigger a 1st entry long,
however only one of those sub systems is now meeting that
condition, the Trend/Pullback, which is taking a 1st entry long at
the close:
$10,000 worth of SPY ETF, and long
one SPY Call option with a strike price of 361 with an expiration
date of Mar 31st.
Posted by jtsurfah on 29th of Jan 2021 at 03:38 pm
I've gotten in the habit of day trading the initial reversion to
mean email/call if the market looks bouncy then closing out for a
gain at the close or in the after market when the systems don't
actually trigger. I can't remember a time when it didn't
work. I did a massive trade on the potential RTM call today because
I got stopped out of all S&P by about 10 cents earlier in the
day....I was obviously set too tight. I'm not going to close that
out - just gave it some more room with new stops.
SPY reversion to mean systems possible trade
Posted by matt on 29th of Jan 2021 at 12:12 pm
possible trade on the Trend/Pullback sub system, which can be early at times. Not setting any of the other systems showing anything let, should the SPX work lower to those next major support levels I showed earlier I could see one of the other sub systems could go long as well as this taking a 2nd entry
here's the email I sent
Posted by matt on 29th of Jan 2021 at 04:03 pm
here's the email I sent out,
Good afternoon everyone, been a wild day and a crazy week with the market and everything.
Anyway it's Friday afternoon regarding the SPY reversion to mean systems, earlier today 3 of the sub systems were meeting conditions to trigger a 1st entry long, however only one of those sub systems is now meeting that condition, the Trend/Pullback, which is taking a 1st entry long at the close:
$10,000 worth of SPY ETF, and long one SPY Call option with a strike price of 361 with an expiration date of Mar 31st.
enjoy the rest of your Friday,
Thanks Matt, Looking forward to input
Posted by racerick on 29th of Jan 2021 at 04:08 pm
Thanks Matt,
Looking forward to input in newsletter about where we go from here this weekend.
a 3rd sub system showing
Posted by matt on 29th of Jan 2021 at 01:21 pm
a 3rd sub system showing now, QE BTS, Trend/Pullback, and Strap
Does this mean 3 possible
Posted by cozz101 on 29th of Jan 2021 at 01:28 pm
Does this mean 3 possible first entries? It's been awhile, need to refresh on the rules!
they are individual sub systems
Posted by matt on 29th of Jan 2021 at 01:46 pm
they are individual sub systems - they are their own systems can have their own 1st entries.
otherwise at this very moment with the bounce off the lows, two of those sub system entries went away with only 1 left - that's why close matters
Thanks will stay alert near
Posted by cozz101 on 29th of Jan 2021 at 01:48 pm
Thanks will stay alert near the close!
also realize they don't confirm
Posted by matt on 29th of Jan 2021 at 01:55 pm
also realize they don't confirm until 2 min after the close
I've gotten in the habit
Posted by jtsurfah on 29th of Jan 2021 at 03:38 pm
I've gotten in the habit of day trading the initial reversion to mean email/call if the market looks bouncy then closing out for a gain at the close or in the after market when the systems don't actually trigger. I can't remember a time when it didn't work. I did a massive trade on the potential RTM call today because I got stopped out of all S&P by about 10 cents earlier in the day....I was obviously set too tight. I'm not going to close that out - just gave it some more room with new stops.
Knock on wood. Haha, maybe
Posted by jtsurfah on 29th of Jan 2021 at 03:41 pm
Knock on wood. Haha, maybe a bad idea to post that with 20 minutes left!
Strap sub system now showing
Posted by matt on 29th of Jan 2021 at 12:33 pm
Strap sub system now showing a 1st entry long potential as well