Took both SPY system trades even though only one was
official. Happy I did! Please keep posting even if the subsystem is
not an official signal; would still like to be able to make my own
decision.
I'm assuming the Mclellan system signal mentioned earlier has
been erased by the gains?
That SPY option for the open SPY system trade was obvious up
today, but being a Dec call and already expensive, I think entry
price was $25 - trading for 27.5 now. If some of you choose cheaper
options with a lower delta or went with Nov instead of Dec calls
those would have had a larger % move.
one thing I need to get back to is my testing on the basket of
ETF's, I did some initial work on that a couple months ago and had
to stop. Here's a list of the ETF's I was working on, so basically
I would be adding the SPY systems to this basket of ETF's. So
instead of just the SPY system, we'd have like the SPY system on
like 20 ETF's. It's such a mammoth project. Plus I do have some
concerns about logistically being able to handle sending the trades
out - especially on overlap. Anyway I'll start back the testing
sometime soon, maybe a product for next year as I'm sure it would
take me the rest of this year to complete it
Posted by timebandit on 5th of Oct 2021 at 11:47 am
I've been thinking it could be an app, especially with all of
the additional signals that would be generated, these could simply
be text alerts on your phone. An app would also allow this to be a
separate product to help defray the cost/effort of creating and
backtesting all these sector systems
As far as the market: For SPX bullish view is that the ABC
completed while bearish view is this bounce a wave b/2 of C or 3.
Could also be more complex
too early to say for sure yet, I'll give a slight edge to the
'bulls'
longer term though I do think those quarterly charts will
eventually need to be worked off, but again that's quarterly not
something to consider trades from right now
Took both SPY system trades
Posted by cozz101 on 1st of Oct 2021 at 02:35 pm
Took both SPY system trades even though only one was official. Happy I did! Please keep posting even if the subsystem is not an official signal; would still like to be able to make my own decision.
I'm assuming the Mclellan system signal mentioned earlier has been erased by the gains?
good job taking both even
Posted by matt on 1st of Oct 2021 at 03:55 pm
good job taking both even though one was phantom . Yeah obviously no McClellan signal
That SPY option for the
Posted by matt on 1st of Oct 2021 at 04:18 pm
That SPY option for the open SPY system trade was obvious up today, but being a Dec call and already expensive, I think entry price was $25 - trading for 27.5 now. If some of you choose cheaper options with a lower delta or went with Nov instead of Dec calls those would have had a larger % move.
Nov 19 410 Calls bought
Posted by retirefire on 1st of Oct 2021 at 04:24 pm
Nov 19 410 Calls bought @ 26.98. Covered one at 30.11. Closed at 29.785. So not a big difference from December.
May buy back, close to
Posted by retirefire on 4th of Oct 2021 at 12:56 pm
May buy back, close to 2nd entry signal
one thing I need to
Posted by matt on 1st of Oct 2021 at 04:29 pm
one thing I need to get back to is my testing on the basket of ETF's, I did some initial work on that a couple months ago and had to stop. Here's a list of the ETF's I was working on, so basically I would be adding the SPY systems to this basket of ETF's. So instead of just the SPY system, we'd have like the SPY system on like 20 ETF's. It's such a mammoth project. Plus I do have some concerns about logistically being able to handle sending the trades out - especially on overlap. Anyway I'll start back the testing sometime soon, maybe a product for next year as I'm sure it would take me the rest of this year to complete it
An idea that comes to
Posted by generic on 5th of Oct 2021 at 11:41 am
An idea that comes to mind is a radar screen that would be able to show a grid of all the trades in one place.
I've been thinking it could
Posted by timebandit on 5th of Oct 2021 at 11:47 am
I've been thinking it could be an app, especially with all of the additional signals that would be generated, these could simply be text alerts on your phone. An app would also allow this to be a separate product to help defray the cost/effort of creating and backtesting all these sector systems
we can do such a
Posted by matt on 5th of Oct 2021 at 11:44 am
we can do such a thing in TS basically
anyway as far as the open SPY system trade, that is not going to exit
I cannot wait. Good luck
Posted by mundy on 3rd of Oct 2021 at 06:40 pm
I cannot wait. Good luck with it Matt.
As far as the market:
Posted by matt on 1st of Oct 2021 at 04:20 pm
As far as the market: For SPX bullish view is that the ABC completed while bearish view is this bounce a wave b/2 of C or 3. Could also be more complex
too early to say for sure yet, I'll give a slight edge to the 'bulls'
longer term though I do think those quarterly charts will eventually need to be worked off, but again that's quarterly not something to consider trades from right now
Thanks, have a great weekend!
Posted by cozz101 on 1st of Oct 2021 at 04:08 pm
Thanks, have a great weekend!