looks like the QE BTS may take a 1st entry short on ES at the 5
pm bar closing. ES does NOT reopen after 5 because it's Friday. I
will want to hard refresh the data later to see if condition holds.
If one is doing the ETF it's not an issue as they trade until 8
pm
Should the market follow through to the upside on that diamond
pattern to higher levels, I could see this entry being early and
perhaps requiring multiple entries. Personally I'm holding my UPRO
long from the morning entry (subjective trade not system trade) but
will take some SH with regards to the system entry (inside its own
bucket basically)
again James will be posting here about 5 - 10 min before the 5
pm close, assuming it's still showing then I think it would be 99%
it would confirm, you can take before the 5 pm close assuming it
will go if it's still showing. The Friday trades are always like
this. If you are trading ETF in place of futures then no big
deal.
and if you think some of today's momentum will carry over to
Sunday evening when futures open then wait. Your choice, I
gotta run
SPY and ES systems
Posted by matt on 21st of Oct 2022 at 04:03 pm
looks like the QE BTS may take a 1st entry short on ES at the 5 pm bar closing. ES does NOT reopen after 5 because it's Friday. I will want to hard refresh the data later to see if condition holds. If one is doing the ETF it's not an issue as they trade until 8 pm
Should the market follow through to the upside on that diamond pattern to higher levels, I could see this entry being early and perhaps requiring multiple entries. Personally I'm holding my UPRO long from the morning entry (subjective trade not system trade) but will take some SH with regards to the system entry (inside its own bucket basically)
With 10 minutes to go
Posted by James_Roe on 21st of Oct 2022 at 04:52 pm
With 10 minutes to go till market close the QE BTS short trade is still showing as active.
It seems unlikely that this condition will go away given low volume into the close so if you wanted to take this trade you could do so now.
I will confirm after the close regardless.
And the trade is now
Posted by James_Roe on 21st of Oct 2022 at 05:03 pm
And the trade is now confirmed for a first short entry at 3772
Thanks - following along with
Posted by manly9698 on 22nd of Oct 2022 at 06:35 am
Thanks - following along with these trades
If the trade triggers, do
Posted by bpozdoll1717 on 21st of Oct 2022 at 04:25 pm
If the trade triggers, do we just get into ES Sunday night? Is that how you will track it on the site?
again James will be posting
Posted by matt on 21st of Oct 2022 at 04:27 pm
again James will be posting here about 5 - 10 min before the 5 pm close, assuming it's still showing then I think it would be 99% it would confirm, you can take before the 5 pm close assuming it will go if it's still showing. The Friday trades are always like this. If you are trading ETF in place of futures then no big deal.
and if you think some of today's momentum will carry over to Sunday evening when futures open then wait. Your choice, I gotta run
Never mind. Saw the email
Posted by bpozdoll1717 on 21st of Oct 2022 at 04:28 pm
Never mind. Saw the email