those platforms need advancing issues and declining issues for
the instrument. I'm sure most have for NYSE but I doubt many have
that for other indexes, but I have no idea honest you would have to
check
NICE that you did options instead. Again the fact that it was a
2nd entry was nice because you avoided the Monday drawdown from the
first, so to me psychologically it was easier to take the trade
since we avoided that 1st
Posted by mitchell on 20th of Jul 2021 at 11:43 am
2nd that...made huge profit on SPX calls. Bought lows above 2d
DVT w/ expectation of touch/ go day to fill gap. I use a blend of
indicators to trade based on probability.
but even still, had one taken the Friday trade, the way I do
these statistically is you use a base amount for the 1st entry so
if your base is 2 options, the the 2nd entry is 4 options, 3rd
entry would be 6. So in this case the doubled up position on the
2nd entry would still completely make the trade a nice winner as it
was double the amount of the 1st, also even the 1st entry at this
moment isn't far from Friday's close
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McClellan Systems
Posted by matt on 20th of Jul 2021 at 11:09 am
Nice trade on the SPX and IWM McClellan systems. The IWM especially was low risk as it took a 2nd entry yesterday
these are likely to close out today
Matt, just a little confused.
Posted by rfa300 on 20th of Jul 2021 at 11:50 am
Matt, just a little confused. Are these new systems live and ready for official trading and notifications or are they just being posted here? Thanks
I'm basically done with them
Posted by matt on 20th of Jul 2021 at 11:51 am
I'm basically done with them for now. I have not committed to sending live trades yet, but said I would post them here, which I've bee doing
I'd say a large amount of them will overlap with the SPY system trades anyway
Hey Matt, do you know
Posted by kevindeng0727 on 20th of Jul 2021 at 01:16 pm
Hey Matt, do you know any place/platform (other than trade station) where we can live McClellan Oscillators before market close? Thx
those platforms need advancing issues
Posted by matt on 20th of Jul 2021 at 01:26 pm
those platforms need advancing issues and declining issues for the instrument. I'm sure most have for NYSE but I doubt many have that for other indexes, but I have no idea honest you would have to check
Ok. Thank you for clarifying.
Posted by rfa300 on 20th of Jul 2021 at 11:52 am
Ok. Thank you for clarifying.
Thanks MATT, IWM call on
Posted by retirefire on 20th of Jul 2021 at 11:11 am
Thanks MATT, IWM call on a call option was wonderful
NICE that you did options
Posted by matt on 20th of Jul 2021 at 11:12 am
NICE that you did options instead. Again the fact that it was a 2nd entry was nice because you avoided the Monday drawdown from the first, so to me psychologically it was easier to take the trade since we avoided that 1st
I killed it with SPY
Posted by arun on 20th of Jul 2021 at 11:36 am
I killed it with SPY IWM calls and TNA stock
2nd that...made huge profit on
Posted by mitchell on 20th of Jul 2021 at 11:43 am
2nd that...made huge profit on SPX calls. Bought lows above 2d DVT w/ expectation of touch/ go day to fill gap. I use a blend of indicators to trade based on probability.
IWM 9/17 445 Call ,
Posted by retirefire on 20th of Jul 2021 at 11:15 am
IWM 9/17 445 Call , 10 points from yesterday low on SPX. Yes avoiding draw down was nice.
but even still, had one
Posted by matt on 20th of Jul 2021 at 11:19 am
but even still, had one taken the Friday trade, the way I do these statistically is you use a base amount for the 1st entry so if your base is 2 options, the the 2nd entry is 4 options, 3rd entry would be 6. So in this case the doubled up position on the 2nd entry would still completely make the trade a nice winner as it was double the amount of the 1st, also even the 1st entry at this moment isn't far from Friday's close