Posted by kevindeng0727 on 24th of Jun 2022 at 02:01 pm
Maybe Pullback till next week Wednesday/Thursday? And C into
July. They say if you are short into independence day, you are a
communist and don't deserve freedom
I didn't realize the QE 3 for ES system was a communist LOL -
it's looking to enter a 1st entry short today - my guess based off
the charts is that it's early and may require 2nd entry before
getting that reversion to mean pullback
I just sent out an email update on the SPY and ES systems
So if that short triggers a 1st entry on the ES side of things
(doesn't look like it will trigger on SPY we'll have
- 1st and 2nd entry long on SPY from bear long
- 1st and 2nd entry long on ES/MES from bear long
- 1st entry short on ES/MES from QE 3
for the ES/MES side of things how would one do that? multiple
ways:
1. you would have 3 contracts long the Sept contract (1 for 1st
entry and 2 for 2nd entry bear long), and you could short a Dec
contract.
2. You could treat it as pure math and to me this is the
simplest way: you are long 3 ES or MES contracts from the Bear long
- so one of the systems taking a 1st entry 1 contract short - you
would simple sell one of the open 3 contracts and have 2 left open
- (3 long 1 short = 2 net long contracts) you are still net
long 2 contracts instead of 3. Then when the short system covers
you buy back one contract - again it's just pure math like adding
positive and negative numbers
Great posting Matt. I have not previously tried the later expiry
option as yet(Dec short). my approach has always been to treat them
totally different and to take a short on either NQ or YM and leave
the ES to run but am quite excited to have a look at the later
month short.
yeah while that's one option to use a higher expiration contract
i.e. in this case Sept futures vs Dec futures, I think it's easier
to treat it by simple math. The short will trigger today so with
the longs you have
3ES + -1ES = 2 ES net long until one of the systems closed out -
math is easy
Maybe Pullback till next week
KISS trend update
Posted by kevindeng0727 on 24th of Jun 2022 at 02:01 pm
Maybe Pullback till next week Wednesday/Thursday? And C into July. They say if you are short into independence day, you are a communist and don't deserve freedom
I didn't realize the QE
Posted by matt on 24th of Jun 2022 at 02:07 pm
I didn't realize the QE 3 for ES system was a communist LOL - it's looking to enter a 1st entry short today - my guess based off the charts is that it's early and may require 2nd entry before getting that reversion to mean pullback
I just sent out an
Posted by matt on 24th of Jun 2022 at 02:14 pm
I just sent out an email update on the SPY and ES systems
So if that short triggers a 1st entry on the ES side of things (doesn't look like it will trigger on SPY we'll have
- 1st and 2nd entry long on SPY from bear long
- 1st and 2nd entry long on ES/MES from bear long
- 1st entry short on ES/MES from QE 3
for the ES/MES side of things how would one do that? multiple ways:
1. you would have 3 contracts long the Sept contract (1 for 1st entry and 2 for 2nd entry bear long), and you could short a Dec contract.
2. You could treat it as pure math and to me this is the simplest way: you are long 3 ES or MES contracts from the Bear long - so one of the systems taking a 1st entry 1 contract short - you would simple sell one of the open 3 contracts and have 2 left open - (3 long 1 short = 2 net long contracts) you are still net long 2 contracts instead of 3. Then when the short system covers you buy back one contract - again it's just pure math like adding positive and negative numbers
Great posting Matt. I have
Posted by mundy on 24th of Jun 2022 at 03:31 pm
Great posting Matt. I have not previously tried the later expiry option as yet(Dec short). my approach has always been to treat them totally different and to take a short on either NQ or YM and leave the ES to run but am quite excited to have a look at the later month short.
yeah while that's one option
Posted by matt on 24th of Jun 2022 at 03:43 pm
yeah while that's one option to use a higher expiration contract i.e. in this case Sept futures vs Dec futures, I think it's easier to treat it by simple math. The short will trigger today so with the longs you have
3ES + -1ES = 2 ES net long until one of the systems closed out - math is easy
I like this strategy keep
Posted by srusso1 on 24th of Jun 2022 at 03:57 pm
I like this strategy keep in mind for when I have more money to trade
Yip, nice
Posted by tsurplus on 24th of Jun 2022 at 02:18 pm
Yip, nice