Good morning everyone, I'm checking in here before I head out
for the day, waiting on my family to get ready so figured I'd check
in
anyway yesterday as you know, the Hi Mid Lo system triggered a
short on ES yesterday at 4151.75, ES is now trading at 4119 and is
already looking to exit, the trade is up about 32 ES points
realize that this hi mid lo system is very aggressive about
exits, it is pure reversion to mean, closes on a close back below
the 5 SMA, it does not try to hold trades for a trending bigger
move. Do NOT take the system exiting as a sell signal for the
market. It got it's trade, the reversion to mean took place, it
books em Danno
it is amazing how in sync the systems have been lately with the
market
also guys lately you can see the benefit of me adding the ES
signals back in Jan to the SPY signals. lately ES has been catching
so many trades that the systems have missed on SPY, and that's the
who le point, the ES signals and the SPY together give a lot more
trade opportunities than you have with only SPY
early heads up the Hi Mid Low short may close out today, another quickie
Posted by matt on 5th of Aug 2022 at 08:48 am
Good morning everyone, I'm checking in here before I head out for the day, waiting on my family to get ready so figured I'd check in
anyway yesterday as you know, the Hi Mid Lo system triggered a short on ES yesterday at 4151.75, ES is now trading at 4119 and is already looking to exit, the trade is up about 32 ES points
realize that this hi mid lo system is very aggressive about exits, it is pure reversion to mean, closes on a close back below the 5 SMA, it does not try to hold trades for a trending bigger move. Do NOT take the system exiting as a sell signal for the market. It got it's trade, the reversion to mean took place, it books em Danno
it is amazing how in
Posted by matt on 5th of Aug 2022 at 08:52 am
it is amazing how in sync the systems have been lately with the market
also guys lately you can see the benefit of me adding the ES signals back in Jan to the SPY signals. lately ES has been catching so many trades that the systems have missed on SPY, and that's the who le point, the ES signals and the SPY together give a lot more trade opportunities than you have with only SPY
So please continue the ES
Posted by kattap on 5th of Aug 2022 at 09:04 am
So please continue the ES signals in the future, when you start the basket of ETF systems, thank you!