FYI the Trend/Pullback sub system is triggering conditions for a
long entry at this moment. The attached image shows the original
trend that has more entries and scale ins. The one on the right is
what we use, it's harder to trigger and more stringent settings,
but it too is also triggering.
again this can be lost before the close so early heads up. The
Trend/Pullback is one of the sub systems that can also be early at
times, but if it goes I'll send the alert
regarding the option for that SPY system trade, I generally go 2
months out and target a delta of 60 - 70 for the 1st entry. Then if
there's a second entry I'll target 50 - 60, a rare 3rd would be say
40 delta. I can't give the strike price now because these move
around. Otherwise the expiration date will be July 16th, roughly 2
months out
I don't understand your question...it's meeting the trigger
conditions now, it would take some sort of rally off the lows to
negate it.
as far as other sub systems triggering I don't see any yet, the
CCI oversold system might be one to watch but it needs a CCI
divergence to trigger, right now the CCI is -244 but needs to turn
up while price remains weak hence a divergence
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SPY System early heads up
Posted by matt on 12th of May 2021 at 11:00 am
FYI the Trend/Pullback sub system is triggering conditions for a long entry at this moment. The attached image shows the original trend that has more entries and scale ins. The one on the right is what we use, it's harder to trigger and more stringent settings, but it too is also triggering.
again this can be lost before the close so early heads up. The Trend/Pullback is one of the sub systems that can also be early at times, but if it goes I'll send the alert
SPY system alert sent out
Posted by matt on 12th of May 2021 at 04:00 pm
SPY system alert sent out 1st entry long, 10K SPY ETF, 1 SPY call option exp July 16th, 393 strike price
remember options trade for 15 min after the close on SPY, not for stocks
Posted by matt on 12th of May 2021 at 04:03 pm
regarding the option for that
Posted by matt on 12th of May 2021 at 02:41 pm
regarding the option for that SPY system trade, I generally go 2 months out and target a delta of 60 - 70 for the 1st entry. Then if there's a second entry I'll target 50 - 60, a rare 3rd would be say 40 delta. I can't give the strike price now because these move around. Otherwise the expiration date will be July 16th, roughly 2 months out
Matt what would trigger a
Posted by a12404 on 12th of May 2021 at 12:18 pm
Matt what would trigger a long spy being down near the end of the day or bouncing ?
I don't understand your question...it's
Posted by matt on 12th of May 2021 at 12:40 pm
I don't understand your question...it's meeting the trigger conditions now, it would take some sort of rally off the lows to negate it.
as far as other sub systems triggering I don't see any yet, the CCI oversold system might be one to watch but it needs a CCI divergence to trigger, right now the CCI is -244 but needs to turn up while price remains weak hence a divergence