regarding the SPY systems,. someone asked me if the Breakout sub
system went long today.
well yes and no. I have two versions of the Breakout system, one
went long, and one did not. The one I've been officially using did
not go long, while a past version did.
Here's the stats the image shows the stats for both versions:
the one on the left that we've been using did not go long while the
one on the right went long. Clearly the one I've been using has
better stats with a much higher profit factor and % winning trades.
While the one with the lower profit factor clearly made more money
because it did more trades at 124 vs 95 for the other.
Anyway, it's also possible that the other system may take a
trade should the market pause here for a day, I think an overbought
filter triggered the one we've been using not to go long. So FYI
heads up
replying to my post the other day regarding the Breakout system
- well so far anyway that other version that triggered is doing
well, it had the slightly weaker stats than the version we use but
overall still very good
anyway the average time in trade for the breakout system is
about 23 days - it's average hold time is much longer than the
reversion to mean systems - some trades have lasted 3
months
little educational reminder on the cycle indicator - there's
cycle support and resistance, many times price responds off those,
BUT it's time when price strongly breaks over a resistance cycle -
again think about it like a stock breaking through resistance-
you can buy it as a breakout
on the SPX on this 60 min, 120 min, and 1/2 day chart price
broke strongly through the resistance cycle 4 - 5 days
ago
I don't have any systems based off that yet - the SPY breakout
is based on the ADX indicator expansion - but I may write one
based on a breakout through a cycle resistance
I bring this up because we show the cycle indicator on the
multiple time frames - so that's a little education on how to view
it
I made an educational image about it a good year ago - it can be
used as an Ellitow Wave like indicator - see second image
Regarding the SPY systems
Posted by matt on 19th of Oct 2021 at 09:43 pm
regarding the SPY systems,. someone asked me if the Breakout sub system went long today.
well yes and no. I have two versions of the Breakout system, one went long, and one did not. The one I've been officially using did not go long, while a past version did.
Here's the stats the image shows the stats for both versions: the one on the left that we've been using did not go long while the one on the right went long. Clearly the one I've been using has better stats with a much higher profit factor and % winning trades. While the one with the lower profit factor clearly made more money because it did more trades at 124 vs 95 for the other.
Anyway, it's also possible that the other system may take a trade should the market pause here for a day, I think an overbought filter triggered the one we've been using not to go long. So FYI heads up
replying to my post the
Posted by matt on 21st of Oct 2021 at 04:04 pm
replying to my post the other day regarding the Breakout system - well so far anyway that other version that triggered is doing well, it had the slightly weaker stats than the version we use but overall still very good
anyway the average time in trade for the breakout system is about 23 days - it's average hold time is much longer than the reversion to mean systems - some trades have lasted 3 months
What a 7 day SPX
Posted by retirefire on 21st of Oct 2021 at 04:06 pm
What a 7 day SPX ripper
posts like that tend to
Posted by matt on 21st of Oct 2021 at 04:29 pm
posts like that tend to come around some sort of infection
yes - and a lot
Posted by matt on 21st of Oct 2021 at 05:24 pm
yes - and a lot of Demark 13's on intra day time frames - look that that ribbon on the 1/2 day
SNAP smashed after hrs, Google, FB etc
tech smash after hrs - price
Lots of Rambo bar or
Posted by EdZ on 21st of Oct 2021 at 05:49 pm
Lots of Rambo bar or amateur bars on the Daily ES, YM too.
Posted by matt on 21st of Oct 2021 at 07:12 pm
little educational reminder on the
Posted by matt on 21st of Oct 2021 at 04:27 pm
little educational reminder on the cycle indicator - there's cycle support and resistance, many times price responds off those, BUT it's time when price strongly breaks over a resistance cycle - again think about it like a stock breaking through resistance- you can buy it as a breakout
on the SPX on this 60 min, 120 min, and 1/2 day chart price broke strongly through the resistance cycle 4 - 5 days ago
I don't have any systems based off that yet - the SPY breakout is based on the ADX indicator expansion - but I may write one based on a breakout through a cycle resistance
I bring this up because we show the cycle indicator on the multiple time frames - so that's a little education on how to view it
I made an educational image about it a good year ago - it can be used as an Ellitow Wave like indicator - see second image
The breakout system is intriguing.
Posted by timebandit on 21st of Oct 2021 at 04:36 pm
The breakout system is intriguing. It was clearly onto something when it went long