Any chance of a third entry short? @Matt

    Thinking that a resumption of

    Posted by bpozdoll1717 on 21st of Jul 2022 at 03:54 pm

    Thinking that a resumption of bear market after we hit 4020ish is too obvious.  See Steve and Matt scenario of 4200 as more likely. Spend a week over 4000 and keep climbing to a non round target of 4200. Will make even the bears think market bottom is in.  Also SPY and ES systems usually have at least a second entry.  That does not come without 50-100 points moves higher.  Maybe we don’t get to 4200 so even technicians get faked out but top at 4150-4180.  Pure speculation on my part but based on how things seem to go in the past.  

    Certainly makes sense as the

    Posted by fredsaid on 21st of Jul 2022 at 03:59 pm

    Certainly makes sense as the pain trade and im holding short term calls to offset. Also that would break symmetry on the C wave indicating a higher low and a move even higher.. maybe thats the move over next 2 weeks to the 200 dma ov even slightly hifher.

    stop referring to it as

    Posted by matt on 21st of Jul 2022 at 04:00 pm

    stop referring to it as the pain trade there's open longs.  Also the breakout is going long on ES

    so there's a combination of longs and shorts: come on guys

    Matt, your systems are beautiful.

    Posted by bpozdoll1717 on 21st of Jul 2022 at 04:17 pm

    Matt, your systems are beautiful.  Much appreciated.  Also great call by you guys on market hitting 4000 gap.  Amazing.  

    I'll be posting the update

    Posted by matt on 21st of Jul 2022 at 04:20 pm

    I'll be posting the update trade tables soon. I'm waiting on a workspace to open.

    also and I dont' show these enough I know. There's the KISS smaller time frames 1/2 day, 120 min, and 60 min - they will do 1 or 2 whipsaws in a row, then catch a running

    they basically went back long on the 15th of July

    Love the systems! For now

    Posted by DigiNomad on 21st of Jul 2022 at 04:34 pm

    Love the systems! For now I'm using them to leg into what ends up being iron condors...often unbalanced wings as I leg in. Eventually, I'd like to track the average number of trades generated over a year or more and build a system for the systems that makes it a bit more mechanical in terms of sizing per trade with a total portfolio allocation in mind for system trades (I'm currently running it around 10%, but it's a mental thing since I haven't yet figure out how to build the allocation model given all the different triggers). 

    Only reason i call it

    Posted by fredsaid on 21st of Jul 2022 at 04:13 pm

    Only reason i call it the pain trade is because everyone knows we are in a bear but we're grinding higher.  The higher we grind the more pain the bears feel.

    Listen tonight for my thoughts

    Posted by steve on 21st of Jul 2022 at 03:56 pm

    Listen tonight for my thoughts - posted below earlier a quick note 

    Thanks, Steve. I took an

    Posted by timebandit on 21st of Jul 2022 at 04:12 pm

    Thanks, Steve. I took an early hedge as well. We'll see.

    Matt wasn't kidding when he

    Posted by DK on 21st of Jul 2022 at 03:21 pm

    Matt wasn't kidding when he said that those who took the current system shorts would take some heat!

    LOL it's not that bad

    Posted by matt on 21st of Jul 2022 at 03:56 pm

    LOL it's not that bad dude, plus there's a couple open longs from the systems to help offset some

    and I was about as clear as I could be that I was looking for higher prices and that these initial ones would be early

    The strongest steel is forged

    Posted by retirefire on 21st of Jul 2022 at 03:40 pm

    The strongest steel is forged by the hottest fires.

    ha  ... nice

    Posted by fredsaid on 21st of Jul 2022 at 03:41 pm

    ha  ... nice

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