As you know the Hi Mid Lo Short Ver
1 took a 1st entry short on ES/MES yesterday. This would be a quick
trade, but it may potentially close out today already. Again that
will determine if prices close roughly where they are now or lower,
on a rally off the lows the system will likely continue to hold,
I'll give you an update later today
Also here's a link showing the trades for the systems in a
Google spreadsheet that you can look over - the ES trades are the
3rd table from top
as far as the open ES short- it is still looking to close
out - THAT SAID while those conditions may hold true until the SPY
cash close, this is ES and the ES bar doesn't close until 5 EST,
which will be AFTER NVDA reports - which is likely to generate a
further move down in the market or sharp bounce that would cause
the ES trade not to close out
there's no way around that, ES closed 1hr after the cash market
close
that said your choice is to just follow the system, or...you
could split the difference by closing out 1/2 here near the cash
close just in case the market spikes higher after earnings, you
will have locked in some gains and reduced risk, and hold the other
1/2 by the system
just to show you, with that bounce off the intra day lows the
system exit conditions are no longer triggering. we will see where
things stand near the close
that said, this pattern would suggest another move up for wave
5, if so then the system may have to take a 2nd entry etc
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SPY and ES systems update - the Hi Mid Lo may close out today
Posted by matt on 16th of Nov 2022 at 11:10 am
As you know the Hi Mid Lo Short Ver 1 took a 1st entry short on ES/MES yesterday. This would be a quick trade, but it may potentially close out today already. Again that will determine if prices close roughly where they are now or lower, on a rally off the lows the system will likely continue to hold, I'll give you an update later today
Also here's a link showing the trades for the systems in a Google spreadsheet that you can look over - the ES trades are the 3rd table from top
https://docs.google.com/spreadsheets/d/1AqyA8soe-1icblBICYF3KVAbXzoZ6EYbiy_ec90i01Q/edit?usp=sharing
as far as the open
Posted by matt on 16th of Nov 2022 at 03:31 pm
as far as the open ES short- it is still looking to close out - THAT SAID while those conditions may hold true until the SPY cash close, this is ES and the ES bar doesn't close until 5 EST, which will be AFTER NVDA reports - which is likely to generate a further move down in the market or sharp bounce that would cause the ES trade not to close out
there's no way around that, ES closed 1hr after the cash market close
that said your choice is to just follow the system, or...you could split the difference by closing out 1/2 here near the cash close just in case the market spikes higher after earnings, you will have locked in some gains and reduced risk, and hold the other 1/2 by the system
Matt, did the Hi Mid
Posted by lnelson214 on 16th of Nov 2022 at 05:45 pm
Matt, did the Hi Mid Low system trade close out?
just to show you, with
Posted by matt on 16th of Nov 2022 at 11:33 am
just to show you, with that bounce off the intra day lows the system exit conditions are no longer triggering. we will see where things stand near the close
that said, this pattern would suggest another move up for wave 5, if so then the system may have to take a 2nd entry etc