SPY systems comments

    Posted by matt on 14th of Jan 2022 at 09:32 am

    regarding the SPY systems, as you know they are all in cash, good thing we followed the one version of the Trend/Pullback and exited 1/2 that position 2 days ago in the morning. The entry stop was hit on the remaining position yesterday for any options and ETF).

    what I now have to decide is, do I take a 2nd entry on that one system that is still technically in an open trade? we used the manual stop on that one and is what I've been doing for the last year on that version. that's where some subjectively lies

    also realize guys depending on how deep this flush is, other systems could start to trigger that hare higher probability such as the CCI divergence, or bull exhaustion systems. I don't think the bear long could trigger as you need to be in a stronger downtrend, that one is tough to trigger and generally you have to be below the 200 day MA. Bear Exhaustion won't trigger as that only occurs in washout conditions in bear markets. 

    I'll of course I'll communicate what that open system continues to do, however since I listed a stop at entry for the remaining I have to stick to that as I assume most or many followed that. But the Trend/Pullback non-aggressive version is still technically open 

    Took SPXL with futs down

    Posted by retirefire on 14th of Jan 2022 at 10:08 am

    Took SPXL with futs down 40 in pre mrkt. will see how it goes

    SPXL book it. 

    Posted by retirefire on 14th of Jan 2022 at 03:49 pm

    SPXL book it. 

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