earlier when the market was lower one of the SPY sub systems was
showing a trigger, the Trend/Pullback. yesterday we had the QE BTS
showing a trigger before it was lost.
so FYI should market sell off in the afternoon one or both of
these could come back
I've mentioned this before regarding the SPY reversion to mean
system trades but there's been so many times when the trade
conditions being met during the day only to be lost and thus no
official SPY system trade at the close. The thing is, looking at a
historical chart you can't know about them, but I see them over and
over again.
I've pointed out many times that probably each one many times
would give a nice day trade. I'm not sure what the strategy would
be there because again I'd say a majority of the time, an intra day
trade signal is lost by the close and the trade doesn't occur.
Therefore most of the time you would buy intra day off the SPY
system signal, and probably in the majority of cases by the close
the SPY system won't go long. So my thought there would be you
would simply sell the trade at the close - basically each one of
these would be a day trade, let's call them phantom trades, the
ones that go away. Also by default it would be a winning trade
anyway if by the close the conditions were lost because the market
would have rallied enough off the lows to negate the conditions.
Anyway something to think about
again the problem is I can't tell you how many phantom trades
there are since you cannot know this by looking at a historical
chart. Well, you can try and guess by looking at the indicators and
candlesticks if there might have been a trade condition on some
past days (like if you see a big doji), but it's a guess. Anyway
maybe I'll start keeping a tally of these phantom trades so that we
can get an idea how many there are. Are there 2 or 3 a month, 5 a
month? who knows
you have showed us many chat patterns and candlesticks to trade
off of short time trade short time or long time patterns the same .
Thank you for all you do .
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Potential SPY reversion to mean systems trade
Posted by matt on 5th of Mar 2021 at 12:06 pm
earlier when the market was lower one of the SPY sub systems was showing a trigger, the Trend/Pullback. yesterday we had the QE BTS showing a trigger before it was lost.
so FYI should market sell off in the afternoon one or both of these could come back
Thanks for staying up on
Posted by fundamentalvalues on 5th of Mar 2021 at 05:29 pm
Thanks for staying up on these Matt, I'm looking forward to the trades when they trigger. The success ratio has been pretty high on the conditions.
I've mentioned this before regarding
Posted by matt on 5th of Mar 2021 at 01:59 pm
I've mentioned this before regarding the SPY reversion to mean system trades but there's been so many times when the trade conditions being met during the day only to be lost and thus no official SPY system trade at the close. The thing is, looking at a historical chart you can't know about them, but I see them over and over again.
I've pointed out many times that probably each one many times would give a nice day trade. I'm not sure what the strategy would be there because again I'd say a majority of the time, an intra day trade signal is lost by the close and the trade doesn't occur. Therefore most of the time you would buy intra day off the SPY system signal, and probably in the majority of cases by the close the SPY system won't go long. So my thought there would be you would simply sell the trade at the close - basically each one of these would be a day trade, let's call them phantom trades, the ones that go away. Also by default it would be a winning trade anyway if by the close the conditions were lost because the market would have rallied enough off the lows to negate the conditions. Anyway something to think about
again the problem is I can't tell you how many phantom trades there are since you cannot know this by looking at a historical chart. Well, you can try and guess by looking at the indicators and candlesticks if there might have been a trade condition on some past days (like if you see a big doji), but it's a guess. Anyway maybe I'll start keeping a tally of these phantom trades so that we can get an idea how many there are. Are there 2 or 3 a month, 5 a month? who knows
enough enough soap box
Good stuff, makes sense.
Posted by shecar on 5th of Mar 2021 at 02:46 pm
Good stuff, makes sense.
you have showed us many
Posted by srusso1 on 5th of Mar 2021 at 02:11 pm
you have showed us many chat patterns and candlesticks to trade off of short time trade short time or long time patterns the same . Thank you for all you do .