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The Breakout long that triggered on SPY and ES on Friday have a stop, unlike most of the reversion to mean systems when they first take a trade
that stop at the moment is too wide to bother discussing, however over the next few days it will tighten way up and when it does I'll share what it is
otherwise a lot of times when that breakout system goes long the market is overbought short-term and you get a pullback
today was perfect in how ES/SPX rallied up to resistance and is now pulling back strongly from that resistance - was well called here
Hi Matt, does the Breakout system have up to 3 x scale-in entries like the reversion-to-mean systems?
nope - only 2 entries
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The Breakout System trades
Posted by matt on 3rd of Apr 2023 at 10:54 am
The Breakout long that triggered on SPY and ES on Friday have a stop, unlike most of the reversion to mean systems when they first take a trade
that stop at the moment is too wide to bother discussing, however over the next few days it will tighten way up and when it does I'll share what it is
otherwise a lot of times when that breakout system goes long the market is overbought short-term and you get a pullback
today was perfect in how ES/SPX rallied up to resistance and is now pulling back strongly from that resistance - was well called here
Hi Matt, does the Breakout
Posted by crossharry on 3rd of Apr 2023 at 11:38 am
Hi Matt, does the Breakout system have up to 3 x scale-in entries like the reversion-to-mean systems?
nope - only 2 entries
Posted by matt on 3rd of Apr 2023 at 12:09 pm
nope - only 2 entries