mean reversion systems

    Posted by matt on 4th of Jan 2024 at 11:04 pm

    As you know the mean reversion systems have been very quiet, which is logical given the straight up move the market over the last couple months with really no pullbacks.

    That said unfortunately my focus has been on these KISS systems and when I finally looked at these mean reversion systems this evening, several of them triggered. I apologized for not seeing these until  now.  I may issue official trade alerts in the morning, so I'm giving you a heads up

    SPY systems:  
    Two subsystems triggered: Trend Pullback 1st entry, and QE swing 3 momo 1st entry

    ES systems:
    3 sub systems triggered: Trend Pullback, Trend MOMO, and Strap

    The MOMO system tend to be very short term only triggering on shallow pullbacks when the 60 length Stochastic is still above 80% while a faster indicator is oversold. 

    My plan is to issue these trades tomorrow, but unfortunately we have the Jobs numbers and thus we could see a gap either way.  Because the momo trades are very short term and because we missed the entry I may not issue those. 

    Tomorrow if the market is down, then entries are easy. But if we see a big gap up, it's tough to chase.

    I may issue trade notifications for these early Friday morning and I'm giving you a heads up now. If you are one who trades ES/MES futures you could obviously enter them at any time as they trade all night

    Matt, please let us know

    Posted by jlevinthal on 5th of Jan 2024 at 12:20 pm

    Matt, please let us know when the MOMO systems sells, I entered last night with ES with your early alert. Thanks

    Good morning everyone and happy Friday.

    Posted by matt on 5th of Jan 2024 at 08:24 am

    Good morning everyone and happy Friday. Last night I sent out an email regarding the SPY/ES mean reversion systems, several which went long yesterday but I did not see that until well after the close. This morning ES futures are down 15 points, thus prices are at better prices than the system. For SPY 2 sub systems took a 1st entry long and for MES 3 sub systems took a 1st entry long.  

    Trades issued for the website:

    SPY: 1 st entry long for Trend/Pullback - I"m taking a trade here in pre market. 

    MES:  1st entry MES for Trend/Pullback, and Strap  - entering here in pre market

    JOBS DATA here in a few minutes,  I'm entering the trades here or you can wait to see the impact of the Jobs Report, which could send prices higher or lower - it's a crap shoot so you can chose to enter now or wait

    I will add these trades to the SPY/ES mean reversion systems section on the website later this morning

    LOL I guess I should

    Posted by matt on 5th of Jan 2024 at 08:32 am

    LOL I guess I should have waited for the Jobs number, figures. Hopefully most did

    Thanks for the heads up,

    Posted by timebandit on 4th of Jan 2024 at 11:27 pm

    Thanks for the heads up, Matt.

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