no changes on the open SPY systems. Someone asked me if anything
could go long? Yes perhaps the breakout system, but I'm not seeing
that, and we could see systems try to buy a dip/pullback
on the ES systems, I'm seeing a possible trigger for a 1st entry
short on the Hi Mid Lo system - see image middle left. That system
has a pretty high profit factor of 74. The only issue we have to be
aware if is Friday trades since the daily ES bar closes at 5 pm and
does not reopen until 6 pm. Sometimes I like to wait for the new
bar to confirm trades, I can't do that on Fridays. Anyway an early
heads up, I'll let you know if this condition holds when time is
nearer to the ES close.
the open SPY systems may end up taking 2nd entries - I'll wait
for the close to confirm as it be meeting conditions, then change
and not be met by the last couple min activity
Posted by patellee on 13th of Jan 2023 at 03:30 pm
Thanks for the early heads up, always appreciate it. I am
surprised there weren't any second entries short on the existing
systems. Although I do see we are approaching the ATR on the
/ES so maybe another 1% up move before there is a bit of
correction. Let's see.
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SPY and ES systems update and early heads up
Posted by matt on 13th of Jan 2023 at 02:47 pm
no changes on the open SPY systems. Someone asked me if anything could go long? Yes perhaps the breakout system, but I'm not seeing that, and we could see systems try to buy a dip/pullback
on the ES systems, I'm seeing a possible trigger for a 1st entry short on the Hi Mid Lo system - see image middle left. That system has a pretty high profit factor of 74. The only issue we have to be aware if is Friday trades since the daily ES bar closes at 5 pm and does not reopen until 6 pm. Sometimes I like to wait for the new bar to confirm trades, I can't do that on Fridays. Anyway an early heads up, I'll let you know if this condition holds when time is nearer to the ES close.
Is this ES short trade
Posted by cozz101 on 13th of Jan 2023 at 03:44 pm
Is this ES short trade version 1 or 2 of the Hi Mid Lo?
the open SPY systems may
Posted by matt on 13th of Jan 2023 at 03:51 pm
the open SPY systems may end up taking 2nd entries - I'll wait for the close to confirm as it be meeting conditions, then change and not be met by the last couple min activity
alert sent out
Posted by matt on 13th of Jan 2023 at 04:00 pm
alert sent out
I got it. Thanks, Matt!
Posted by mdgfain on 13th of Jan 2023 at 04:33 pm
I got it. Thanks, Matt!
Matt, I don't see the
Posted by laouuu on 13th of Jan 2023 at 04:21 pm
Matt, I don't see the alert in my email.
Thanks for the early heads
Posted by patellee on 13th of Jan 2023 at 03:30 pm
Thanks for the early heads up, always appreciate it. I am surprised there weren't any second entries short on the existing systems. Although I do see we are approaching the ATR on the /ES so maybe another 1% up move before there is a bit of correction. Let's see.