afternoon update: nothing changed from the morning comments. The
ES Bear long is still looking to exit, all others will hold. By the
way price is above the 2nd entry and since the 2nd entry has double
the contracts of the first, this brings the average cost to 3741,
only about 15 ES points from breakeven, that's nearly even now,
that's not bad. that's why 2nd entries use 2 times the amount of
the 1st entry to average price down
by the way that bear long on ES is now positive overall with
current price above the average entry of the first and second
entries
none of the other systems will be exiting only the ES bear long
- and I'll probably elect to only exit 1/2 - but there will still
be plenty long with all the other systems open (SPY bear long, SPY
QE 3.2 washout, and ES Bear exhaustion)
Matt is extremely clear on which systems are going long or short
and also which he closes out. i for one concentrate my trading on
the SPY/ES systems and prepare well before 4pm close with any
positions which I need to open or close. Make copies of SYSTEMS
TRADE comments in the community board or just read the e-mails he
sends. It could not be much clearer.
Open systems comments
Posted by matt on 28th of Sep 2022 at 02:58 pm
afternoon update: nothing changed from the morning comments. The ES Bear long is still looking to exit, all others will hold. By the way price is above the 2nd entry and since the 2nd entry has double the contracts of the first, this brings the average cost to 3741, only about 15 ES points from breakeven, that's nearly even now, that's not bad. that's why 2nd entries use 2 times the amount of the 1st entry to average price down
by the way that bear
Posted by matt on 28th of Sep 2022 at 03:45 pm
by the way that bear long on ES is now positive overall with current price above the average entry of the first and second entries
none of the other systems will be exiting only the ES bear long - and I'll probably elect to only exit 1/2 - but there will still be plenty long with all the other systems open (SPY bear long, SPY QE 3.2 washout, and ES Bear exhaustion)
Got it. Thanks. Letting it
Posted by fredsaid on 28th of Sep 2022 at 03:57 pm
Got it. Thanks. Letting it ride then ! Ty ty
Posted by steve on 28th of Sep 2022 at 03:46 pm
EN FUEGO...
Posted by shellson2 on 28th of Sep 2022 at 03:53 pm
EN FUEGO...
Matt is extremely clear on
Posted by mundy on 28th of Sep 2022 at 03:58 pm
Matt is extremely clear on which systems are going long or short and also which he closes out. i for one concentrate my trading on the SPY/ES systems and prepare well before 4pm close with any positions which I need to open or close. Make copies of SYSTEMS TRADE comments in the community board or just read the e-mails he sends. It could not be much clearer.
every system trade is up SPY
Posted by matt on 28th of Sep 2022 at 03:50 pm
every system trade is up
SPY bear long is now positive
SPY 3.2 is obviously very positive as it entered on Monday
ES bear exhaust is very positive as it entered on Monday
even ES bear long is positive