another comment regarding the bear long, it's basically caught
the whole move off the 3670 low till now. notice that it went long
in June at the lows! then sold, then bought back again on July
13th
Posted by bpozdoll1717 on 12th of Aug 2022 at 04:55 pm
And what I do for the systems is take every trade. So if
Matt has a long, I take a long. If another system adds a
long, I add another long. If one takes a 2nd entry then I
take a 2nd entry. If one then goes short when I have some
longs, I take the short. That keeps it very simple and you
will get the same results that Matt records. Just map out the
capital you will need to do this. If you trade futures, you
may need to use a later month to trade both long and short.
Go back and review past trades and see how many max trades
are open. Have enough funds to take the 2nd and 3rd entries.
If you do this, history says you will be profitable.
And he plans to add more ETFS in the future. So more
"action."
with the systems, some are pure mean reversion like the hi mid
lo short, while other systems have a multi layered like a relay
race where one runner hands off the baton to the next runner.
In this case the first runner looks for the mean reversion
and upon completion of that the running will pass off the baton to
the next running if a trending condition hold is triggered - in
this case the momentum indicator - the system will hold until the
slope of the momentum indicator turns red
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The Bear Long has ruled them all
Posted by matt on 12th of Aug 2022 at 03:24 pm
must say that nothing has been better than the bear long, better than all the gurus and prognosticators and market timers
the Bear Long has been long since 3804. and at this moment is up 470 ES points!!! With one ES contract that would be a profit of 23,500.
you can see what the bear long is one of my favorite system trades because it can catch these crazy runners sometimes
another comment regarding the bear
Posted by matt on 12th of Aug 2022 at 04:55 pm
another comment regarding the bear long, it's basically caught the whole move off the 3670 low till now. notice that it went long in June at the lows! then sold, then bought back again on July 13th
Amazing
Posted by bpozdoll1717 on 12th of Aug 2022 at 04:14 pm
Amazing
Well done Matt, this one
Posted by mundy on 12th of Aug 2022 at 03:55 pm
Well done Matt, this one has been phenomenal. What will it take to close it out and how close are we to that signal
I thought this closed out?
Posted by pebs on 12th of Aug 2022 at 04:21 pm
I thought this closed out? I’m looking at the SPY systems page and I don’t see any open trades.
Row 29 of the table
Posted by rjdst on 12th of Aug 2022 at 04:27 pm
Row 29 of the table shows the open trade.
It's an ES trade; it's
Posted by 24kau on 12th of Aug 2022 at 04:26 pm
It's an ES trade; it's on the ES trade tab in Systems/SPY
remember you don't have to
Posted by matt on 12th of Aug 2022 at 04:44 pm
remember you don't have to trade ES or MES, you can trade SPY related ETF's against those ES system signals
And what I do for
Posted by bpozdoll1717 on 12th of Aug 2022 at 04:55 pm
And what I do for the systems is take every trade. So if Matt has a long, I take a long. If another system adds a long, I add another long. If one takes a 2nd entry then I take a 2nd entry. If one then goes short when I have some longs, I take the short. That keeps it very simple and you will get the same results that Matt records. Just map out the capital you will need to do this. If you trade futures, you may need to use a later month to trade both long and short. Go back and review past trades and see how many max trades are open. Have enough funds to take the 2nd and 3rd entries. If you do this, history says you will be profitable. And he plans to add more ETFS in the future. So more "action."
Well done...removes emotion
Posted by steve on 12th of Aug 2022 at 05:28 pm
Well done...removes emotion
with the systems, some are
Posted by matt on 12th of Aug 2022 at 04:01 pm
with the systems, some are pure mean reversion like the hi mid lo short, while other systems have a multi layered like a relay race where one runner hands off the baton to the next runner. In this case the first runner looks for the mean reversion and upon completion of that the running will pass off the baton to the next running if a trending condition hold is triggered - in this case the momentum indicator - the system will hold until the slope of the momentum indicator turns red