I won't trade on systems alone, they are a guide, but when a
straight up bull run is staring you in the face from early Jan and
the systems have not taken even one long, and are still sitting on
the sidelines (on the long side), you gotta wonder.
Anyway made my own decisions, the rest is history.
Think of the systems as mutually exclusive to the setups
provided - just last weekend I posted 8 setups that all moved
higher (unusual but happens in a strong trend). The point
here is to diversify and consider employing some capital to setups
that you find appealing and trade them in accordance with YOUR
PLAN. The SPY systems are reversion to mean systems for the
most part not trending systems.
Posted by bpozdoll1717 on 2nd of Feb 2023 at 04:29 pm
For those with a day job, those set-ups are hard to execute and
follow. If we were provided entry, stops, and profit taking
levels, then they would work better. Maybe it is just my
lack of skills. But that is why I like the systems.
Less thinking and time. But for many of the experts on
this site those setups probably work very well.
it's one out of 23 reversion to mean systems, it's also on
ES/MES not SPY. Also the trend following systems have been long for
a week weeks like SPY and QQQ
and regarding that trade, again it's a bad trade, it is what it
is, not the end of the word, it happens. That said, the DVDS is one
of the older systems and I'm going to work on a new exit condition
- the stop out exit condition it uses is a 60 length DVDS, which
makes it slow to move, I want to test some faster responding
indicators.
I appreciate everybody's comments and insights, particularly
those who have shared personal results they've tracked using the
systems.
The separate section idea could be helpful, but briefly
revisiting the open trades each newsletter, even if the results are
underwater or fairly static, and adding any reflection (e.g., if
Matt/Steve are starting to suspect the current flavour of market
action could elude system parameters) would be helpful to someone
like me who is learning.
Posted by crossharry on 2nd of Feb 2023 at 05:13 pm
I'm in the UK and going to bed soon, so would appreciate a
confirmation - apologies if I've missed the message on the board -
did the ES system short trade officially stop out today? I don't
see anything on email. Thanks in advance...
Posted by James_Roe on 2nd of Feb 2023 at 07:14 pm
Yeah, the ES system doesn't confirm a trade signal until the
close of the futures market, the new candle for tomorrow is already
open, so our indicator is showing the trade closing out, but it
won't be confirmed until tomorrow at 5 PM EST.
Posted by DigiNomad on 2nd of Feb 2023 at 03:56 pm
If you consider the KISS charts as a system (I do), then they
have caught the vast majority of the bull run. The other systems
look for high probability reversion to mean opportunities, for the
most part. That's why you're not seeing a lot of bullish system
trades outside of the KISS system...which has nailed it.
I won't trade on systems
The systems returned thousands of points in the past year. ...
Posted by vasiboy on 2nd of Feb 2023 at 03:45 pm
I won't trade on systems alone, they are a guide, but when a straight up bull run is staring you in the face from early Jan and the systems have not taken even one long, and are still sitting on the sidelines (on the long side), you gotta wonder.
Anyway made my own decisions, the rest is history.
Think of the systems as
Posted by steve on 2nd of Feb 2023 at 03:59 pm
Think of the systems as mutually exclusive to the setups provided - just last weekend I posted 8 setups that all moved higher (unusual but happens in a strong trend). The point here is to diversify and consider employing some capital to setups that you find appealing and trade them in accordance with YOUR PLAN. The SPY systems are reversion to mean systems for the most part not trending systems.
For those with a day
Posted by bpozdoll1717 on 2nd of Feb 2023 at 04:29 pm
For those with a day job, those set-ups are hard to execute and follow. If we were provided entry, stops, and profit taking levels, then they would work better. Maybe it is just my lack of skills. But that is why I like the systems. Less thinking and time. But for many of the experts on this site those setups probably work very well.
it's one out of 23
Posted by matt on 2nd of Feb 2023 at 04:02 pm
it's one out of 23 reversion to mean systems, it's also on ES/MES not SPY. Also the trend following systems have been long for a week weeks like SPY and QQQ
and regarding that trade, again it's a bad trade, it is what it is, not the end of the word, it happens. That said, the DVDS is one of the older systems and I'm going to work on a new exit condition - the stop out exit condition it uses is a 60 length DVDS, which makes it slow to move, I want to test some faster responding indicators.
I appreciate everybody's comments and
Posted by mschwand on 2nd of Feb 2023 at 04:51 pm
I appreciate everybody's comments and insights, particularly those who have shared personal results they've tracked using the systems.
The separate section idea could be helpful, but briefly revisiting the open trades each newsletter, even if the results are underwater or fairly static, and adding any reflection (e.g., if Matt/Steve are starting to suspect the current flavour of market action could elude system parameters) would be helpful to someone like me who is learning.
Hope your symptoms resolve soon, Matt!
The overall backdrop of the
Posted by steverobin on 2nd of Feb 2023 at 05:37 pm
The overall backdrop of the market dictates the short term.
I'm in the UK and
Posted by crossharry on 2nd of Feb 2023 at 05:13 pm
I'm in the UK and going to bed soon, so would appreciate a confirmation - apologies if I've missed the message on the board - did the ES system short trade officially stop out today? I don't see anything on email. Thanks in advance...
System trade must still be
Posted by bpozdoll1717 on 2nd of Feb 2023 at 06:41 pm
System trade must still be open. I didn’t see any notice go out. Or did it close?
It's still open, it will
Posted by James_Roe on 2nd of Feb 2023 at 06:57 pm
It's still open, it will currently close tomorrow though, honestly doubt even a monster down day would cause it to hold at this point.
Hi James, by tomrrow you
Posted by kevindeng0727 on 2nd of Feb 2023 at 07:03 pm
Hi James, by tomrrow you meant tomrrow afternoon market close?
Thanks. Really appeciate everyone's effort.
Yeah, the ES system doesn't
Posted by James_Roe on 2nd of Feb 2023 at 07:14 pm
Yeah, the ES system doesn't confirm a trade signal until the close of the futures market, the new candle for tomorrow is already open, so our indicator is showing the trade closing out, but it won't be confirmed until tomorrow at 5 PM EST.
No emails went out and
Posted by bpozdoll1717 on 2nd of Feb 2023 at 06:45 pm
No emails went out and the market did drop after the close. So maybe by 4 it did not signal a close.
no
Posted by steverobin on 2nd of Feb 2023 at 05:36 pm
no
If you consider the KISS
Posted by DigiNomad on 2nd of Feb 2023 at 03:56 pm
If you consider the KISS charts as a system (I do), then they have caught the vast majority of the bull run. The other systems look for high probability reversion to mean opportunities, for the most part. That's why you're not seeing a lot of bullish system trades outside of the KISS system...which has nailed it.
Playing hookie after first half
Posted by DigiNomad on 2nd of Feb 2023 at 03:58 pm
Playing hookie after first half today.
Posted by DigiNomad on 2nd of Feb 2023 at 04:02 pm
your trajectory looks optimistically bearish..
Posted by greggone on 2nd of Feb 2023 at 04:08 pm
your trajectory looks optimistically bearish..
Well, I didn't stop in
Posted by DigiNomad on 2nd of Feb 2023 at 09:29 pm
Well, I didn't stop in the trees on purpose. Just making lemonade out of lemons and enjoying the moment. So yeah, optimistically bearish fits the bill