image shows you the long systems on ES, but the same is true on
the SPY side of things. I'm seeing a possible trigger on the
Trend/Pullback system.
again when trading the systems you have to decide a game plan:
capital you are using, instruments you are trading for the systems,
and if you are going to take each individual sub system trade or
you are going to limit how many individual systems you take; again
that's up to you to decide.
that said - for my eventual goal of adding an ETF basket (SPY,
IWM, QQQ, DIA, EEM, etc), for such a basket I won't be doing all
the individual sub systems for each ETF, that's simply too much to
follow. Even now people struggle with the individual systems on SPY
and ES, and remember the reason I have been sharing all the sub
systems is in order to get the most trade opportunity and the
systems act as a risk mitigation against one another i.e. if one
system has a bad trade chances are another system will catch a
winning trade around that same time to make up for it.
but again, in the future after I have an ETF basket I'll have
all the sub systems on one chart for each ETF, that way only one
system can be active at one time, or I may decide to place all
longs on one ETF chart and all shorts on the same ETF.
anyway that's some of my longer term plans with this stuff
The @ES has been open for about a 1/2 hour. Since I think
the idea is for us to make a trade when you let us know what
triggered, can you give us some idea as to when you will
communicate this to us? Right now, the price is better
(lower) than the closing; but, things could change, and since the
entry isn't tied to tomorrow morning's open (or some such firm
point in time), we need to know when to "check in" to get the "go
ahead", and at what price.
Posted by James_Roe on 28th of Feb 2023 at 06:44 pm
Sorry miss communication between Matt and I, thought he would be
back by now.
One of the Bear Long systems has taken a second entry at
3969.50, it's the less profitable version though, and we're only
tracking one of the two.
If you think it's going to go higher here you could take a
full second entry, or if you thought there was still downside you
could either wait for the other system, or take a half entry here.
I've attached stats from both versions to help you
decide.
Thanks for the information, James. I appreciate the
transparency of the multiple versions; although most of us would
probably prefer a mechanical system that either said to buy or
don't. In any case, I will take a half position (of a second
entry), not knowing any better.
Thanks, James. Time to go have dinner, and get away from
the computer. I have set a limit order for the other half of
the trade at 3955 (the trigger for the more profitable Bear Long
System). Hopefully, March brings a rally so that we can close
out all of the System trades and we can start again with more
definitive signals.
Posted by fredsaid on 28th of Feb 2023 at 11:56 pm
All aboard the 3955 express ! Um where should the
stop loss be ? Helpful post James. I'm a little
concerned about the weather in NY for the next couple days... rainy
days are rarely good for the market and the next full moon isn't
till next Tuesday... oof...if that plays out, get ready for 3rd
entries, and if so, I expect will BEAR fruit.
Systems Trend/Pullback may trigger today
Posted by matt on 28th of Feb 2023 at 11:06 am
image shows you the long systems on ES, but the same is true on the SPY side of things. I'm seeing a possible trigger on the Trend/Pullback system.
again when trading the systems you have to decide a game plan: capital you are using, instruments you are trading for the systems, and if you are going to take each individual sub system trade or you are going to limit how many individual systems you take; again that's up to you to decide.
that said - for my eventual goal of adding an ETF basket (SPY, IWM, QQQ, DIA, EEM, etc), for such a basket I won't be doing all the individual sub systems for each ETF, that's simply too much to follow. Even now people struggle with the individual systems on SPY and ES, and remember the reason I have been sharing all the sub systems is in order to get the most trade opportunity and the systems act as a risk mitigation against one another i.e. if one system has a bad trade chances are another system will catch a winning trade around that same time to make up for it.
but again, in the future after I have an ETF basket I'll have all the sub systems on one chart for each ETF, that way only one system can be active at one time, or I may decide to place all longs on one ETF chart and all shorts on the same ETF.
anyway that's some of my longer term plans with this stuff
that Trend/Pullback will be triggering
Posted by matt on 28th of Feb 2023 at 03:55 pm
that Trend/Pullback will be triggering on SPY, probably for ES as well but that will be confirmed later.
ES has sold off so
Posted by James_Roe on 28th of Feb 2023 at 04:33 pm
ES has sold off so much now that the Trend/Pullback trade is no longer triggering, but we are seeing an additional entry for Long Bear.
After talking to matt we're
Posted by James_Roe on 28th of Feb 2023 at 04:43 pm
After talking to matt we're going to wait for @ES to reopen before issuing a trade, these after market sell offs tend to close weird on TS.
Hey, James/Matt, The @ES has been
Posted by Ray on 28th of Feb 2023 at 06:36 pm
Hey, James/Matt,
The @ES has been open for about a 1/2 hour. Since I think the idea is for us to make a trade when you let us know what triggered, can you give us some idea as to when you will communicate this to us? Right now, the price is better (lower) than the closing; but, things could change, and since the entry isn't tied to tomorrow morning's open (or some such firm point in time), we need to know when to "check in" to get the "go ahead", and at what price.
Sorry miss communication between Matt
Posted by James_Roe on 28th of Feb 2023 at 06:44 pm
Sorry miss communication between Matt and I, thought he would be back by now.
One of the Bear Long systems has taken a second entry at 3969.50, it's the less profitable version though, and we're only tracking one of the two.
If you think it's going to go higher here you could take a full second entry, or if you thought there was still downside you could either wait for the other system, or take a half entry here.
I've attached stats from both versions to help you decide.
Thanks for the information, James.
Posted by Ray on 28th of Feb 2023 at 07:01 pm
Thanks for the information, James. I appreciate the transparency of the multiple versions; although most of us would probably prefer a mechanical system that either said to buy or don't. In any case, I will take a half position (of a second entry), not knowing any better.
"I will take a half
Posted by James_Roe on 28th of Feb 2023 at 07:11 pm
"I will take a half position (of a second entry)"
That's probably what I would do to, but want to leave the actual decision up to Matt, who is I think home and should be weighing in shortly.
Thanks, James. Time to go
Posted by Ray on 28th of Feb 2023 at 07:22 pm
Thanks, James. Time to go have dinner, and get away from the computer. I have set a limit order for the other half of the trade at 3955 (the trigger for the more profitable Bear Long System). Hopefully, March brings a rally so that we can close out all of the System trades and we can start again with more definitive signals.
All aboard the 3955 express
Posted by fredsaid on 28th of Feb 2023 at 11:56 pm
All aboard the 3955 express ! Um where should the stop loss be ? Helpful post James. I'm a little concerned about the weather in NY for the next couple days... rainy days are rarely good for the market and the next full moon isn't till next Tuesday... oof...if that plays out, get ready for 3rd entries, and if so, I expect will BEAR fruit.
Full moon isn't till next
Posted by fredsaid on 1st of Mar 2023 at 09:32 pm
Full moon isn't till next Tuesday... more clouds, rain and cold in nyc tomorrow... JS
The more profitable Bear Long
Posted by James_Roe on 28th of Feb 2023 at 06:57 pm
The more profitable Bear Long strat won't be taking a second entry until: 3955.