Hello everyone, update on the
systems, first off the 21 reversion to mean systems: As you know
the SPY Bear long closed out yesterday for a nice trade, while the
ES version of the bear long remained long. Today the ES bear long
closed out as well. At the moment all the reversion to mean systems
are flat.
On the flip side the QQQ daily KISS
trend system went long with a stop at the lows. The QQQ's have been
outperforming lately.
see attached images showing the
reversion to mean systems, the closed trades, and the QQQ
KISS
I'm doing the newsletter this
evening but it will be out late tonight as I have to run to my
son's school for an event.
that system doesn't use that, it uses a momentum indicator that
is still red. Holding Profit Factor drops from 10 to 5, so I
have to go with what it's doing. If you want to stay long, do so
with a stop, or sell 1/2 and place a stop on the rest
Systems update
Posted by matt on 15th of Mar 2023 at 06:04 pm
This is an alert about BPT Mechanical Systems:
Hello everyone, update on the systems, first off the 21 reversion to mean systems: As you know the SPY Bear long closed out yesterday for a nice trade, while the ES version of the bear long remained long. Today the ES bear long closed out as well. At the moment all the reversion to mean systems are flat.
On the flip side the QQQ daily KISS trend system went long with a stop at the lows. The QQQ's have been outperforming lately.
see attached images showing the reversion to mean systems, the closed trades, and the QQQ KISS
I'm doing the newsletter this evening but it will be out late tonight as I have to run to my son's school for an event.
Matt, didn't the BPT_MA indicator
Posted by junkie on 15th of Mar 2023 at 06:37 pm
Matt, didn't the BPT_MA indicator go green on /ES indicating to hold the position longer?
that system doesn't use that,
Posted by matt on 15th of Mar 2023 at 06:38 pm
that system doesn't use that, it uses a momentum indicator that is still red. Holding Profit Factor drops from 10 to 5, so I have to go with what it's doing. If you want to stay long, do so with a stop, or sell 1/2 and place a stop on the rest
Matt, Wasn't the MES Bear Long
Posted by craigm on 15th of Mar 2023 at 06:27 pm
Matt,
Wasn't the MES Bear Long just opened on 3/13 with an entry price around $3896, not on 2/21 at 3864.75?
entry is lower than that
Posted by matt on 15th of Mar 2023 at 06:36 pm
entry is lower than that I watched the actual contract price. date is wrong, I'll adjust later