it's in the tables on the website: Strap SPY and ES in 3rd
entry. Bear Long SPY 1st entry only, ES 2nd entry.
as I've commented a few times now. The Strap while it has
anywhere from 94% to 96% winning trades, really high win rate, the
winners are small, therefore on areas of draw down it might not
make all that back on reversion to mean bounce. The bear long, even
though it has a lower winning percentage is one of my favorite
systems out of them all. My comment was that if one wanted to limit
the number of trades you can consider those facts.
also - when I opened up giving all trades to all the sub systems
that opened up more changes of having lots of systems in trades.
The way I used to send trade signals for the systems is placing all
the longs on one chart and all the shorts on one chart - that way
only one long system could trigger at any one time for SPY and ES,
and one short. Basically you would only have one long system open
or one short system open on SPY and ES - that limited the number of
entries to 3 for longs or shorts. Had we been doing that now all
that would be open is the Bear Long systems and not the Strap
systems. At the moment that is attractive, however remember I made
the decision to share all 21 system trades separately in order to
give more trade opportunities, which has worked well this year. But
it's all give and take, there will be times when you have multiple
individual systems in trades. And even now we have 2 sub systems in
positions - in the past during some of those really gut wrenching
times, there were times when 3 or even 4 sub systems got into
trades before a bounce occurred.
What I could do in the future is mention what positions the old
combined systems would be in, along with the individual systems for
those who wish to limit the amount of trades
Please clarify. System table for ES entry # 42 shows a 3rd
Entry taken on 9/2 for ES Bear Long Ver. 2. Is that correct? I was
under the impression we did not get a 3rd entry for the ES Bear
Long, only for the ES Strap.
Any update on what systems
Posted by jonesy85 on 6th of Sep 2022 at 09:48 am
Any update on what systems are open?
thanks for the update, and
Posted by jonesy85 on 6th of Sep 2022 at 09:59 am
thanks for the update, and excellent newsletter as usual! I appreciate it!
it's in the tables on
Posted by matt on 6th of Sep 2022 at 09:55 am
it's in the tables on the website: Strap SPY and ES in 3rd entry. Bear Long SPY 1st entry only, ES 2nd entry.
as I've commented a few times now. The Strap while it has anywhere from 94% to 96% winning trades, really high win rate, the winners are small, therefore on areas of draw down it might not make all that back on reversion to mean bounce. The bear long, even though it has a lower winning percentage is one of my favorite systems out of them all. My comment was that if one wanted to limit the number of trades you can consider those facts.
also - when I opened up giving all trades to all the sub systems that opened up more changes of having lots of systems in trades. The way I used to send trade signals for the systems is placing all the longs on one chart and all the shorts on one chart - that way only one long system could trigger at any one time for SPY and ES, and one short. Basically you would only have one long system open or one short system open on SPY and ES - that limited the number of entries to 3 for longs or shorts. Had we been doing that now all that would be open is the Bear Long systems and not the Strap systems. At the moment that is attractive, however remember I made the decision to share all 21 system trades separately in order to give more trade opportunities, which has worked well this year. But it's all give and take, there will be times when you have multiple individual systems in trades. And even now we have 2 sub systems in positions - in the past during some of those really gut wrenching times, there were times when 3 or even 4 sub systems got into trades before a bounce occurred.
What I could do in the future is mention what positions the old combined systems would be in, along with the individual systems for those who wish to limit the amount of trades
Matt, Please clarify. System table for
Posted by craigm on 6th of Sep 2022 at 10:59 am
Matt,
Please clarify. System table for ES entry # 42 shows a 3rd Entry taken on 9/2 for ES Bear Long Ver. 2. Is that correct? I was under the impression we did not get a 3rd entry for the ES Bear Long, only for the ES Strap.
Despite Matt posting that multiple
Posted by retirefire on 6th of Sep 2022 at 09:51 am
Despite Matt posting that multiple times you can always go to the System trades section and check the open trades.