The bear long is flipping between triggering and not triggering,
and given how the exchange adjusts that data at times, it's best to
wait for the close and reopen where I can refresh the data
Thanks for the update Matt. I bought just before your update and
will use MES for SPY trade if MES trade ends up not triggering. But
wondering if it's better to just start issuing these trades as
official when Futures reopen at 6:00, due to TS issues when mkts
are fast and the exchange data adjustments?
ES bear long shows an entry. That said, it's now closed for an
hr. I like to see the new ES bar reopen and I hard refresh, just to
make sure nothing weird is going on, but for now it shows an
entry
from the SPY/ES systems section:
For ETF Trades I do 10K for each
entry with 1st entry as SPY, 2nd as SSO, and 3rd as UPRO, SH, SDS,
and SPXU
that's just what I show on the website as a guide. You should do
whatever fits your risk tolerance and goals. That might mean taking
50K of SPY or 100K for some folks. Other folks may not trade the
ETF's at all and ONLY trade ES or MES because of the clear tax
advantages i.e. 60/40 rule. Others may choose to do options, or
some combo. The important thing is the trade signal, you decide
what instrument to do and what size relative to your account
etc
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FYI Bear long looking to trigger on SPY
Posted by matt on 13th of Mar 2023 at 03:53 pm
The bear long is flipping
Posted by matt on 13th of Mar 2023 at 04:57 pm
The bear long is flipping between triggering and not triggering, and given how the exchange adjusts that data at times, it's best to wait for the close and reopen where I can refresh the data
Thanks for the update Matt.
Posted by craigm on 13th of Mar 2023 at 05:05 pm
Thanks for the update Matt. I bought just before your update and will use MES for SPY trade if MES trade ends up not triggering. But wondering if it's better to just start issuing these trades as official when Futures reopen at 6:00, due to TS issues when mkts are fast and the exchange data adjustments?
ES bear long shows an
Posted by matt on 13th of Mar 2023 at 05:05 pm
ES bear long shows an entry. That said, it's now closed for an hr. I like to see the new ES bar reopen and I hard refresh, just to make sure nothing weird is going on, but for now it shows an entry
so that is an entry
Posted by imelhoe on 13th of Mar 2023 at 04:06 pm
so that is an entry to go long on spy right? I searched on blog for bear long and it says to go long spy
Correct.
Posted by steverobin on 13th of Mar 2023 at 04:58 pm
Correct.
from the SPY/ES systems section:
Posted by matt on 13th of Mar 2023 at 04:11 pm
from the SPY/ES systems section: For ETF Trades I do 10K for each entry with 1st entry as SPY, 2nd as SSO, and 3rd as UPRO, SH, SDS, and SPXU
that's just what I show on the website as a guide. You should do whatever fits your risk tolerance and goals. That might mean taking 50K of SPY or 100K for some folks. Other folks may not trade the ETF's at all and ONLY trade ES or MES because of the clear tax advantages i.e. 60/40 rule. Others may choose to do options, or some combo. The important thing is the trade signal, you decide what instrument to do and what size relative to your account etc