ES QE MOMO looks like it will trigger. That said, I hate Friday
trades for the ES systems because the ES bar does not reopen, which
I use for confirmation. I've seen signals ago away on the next bar
if the exchange does a price adjustment.
so up to you, do it or don't do it, or do 1/2 whatever. The
stats are nice for this trade, though it's a very short term system
trade only looks for a quick bounce
on the flip side the SPY Breakout system is still long of
course, has been long for well over a month now
the first image shows the open SPY breakout system with stops -
nice profits. The second image shows all the long systems on ES
futures, the QE MOMO is on the bottom right. The 3rd image is the
statistics for this system trade.
there's a scale out profit target, but otherwise not an exact
exit condition
the system trade is in good shape, it already reduced the size
by 1/2 and the stops are many points above entries, it's a risk
free trade.
Dow is down 7 days in a row, and while we could still see
more weakness early in the week, I think we'll see a bounce at
least mid or later in the week through Christmas.
and the ES MOMO trade does not have a stop at this point
SPY and ES mean reversion systems
Posted by matt on 13th of Dec 2024 at 04:27 pm
ES QE MOMO looks like it will trigger. That said, I hate Friday trades for the ES systems because the ES bar does not reopen, which I use for confirmation. I've seen signals ago away on the next bar if the exchange does a price adjustment.
so up to you, do it or don't do it, or do 1/2 whatever. The stats are nice for this trade, though it's a very short term system trade only looks for a quick bounce
on the flip side the SPY Breakout system is still long of course, has been long for well over a month now
the first image shows the open SPY breakout system with stops - nice profits. The second image shows all the long systems on ES futures, the QE MOMO is on the bottom right. The 3rd image is the statistics for this system trade.
here's the open MESZ24 QE
Posted by matt on 14th of Dec 2024 at 12:52 pm
here's the open MESZ24 QE momo added to the trade table
Other than the rising stops,
Posted by timsufo on 14th of Dec 2024 at 12:25 pm
Other than the rising stops, is there an exit condition for the Spy breakout? Can't remember..
there's a scale out profit
Posted by matt on 14th of Dec 2024 at 12:36 pm
there's a scale out profit target, but otherwise not an exact exit condition
the system trade is in good shape, it already reduced the size by 1/2 and the stops are many points above entries, it's a risk free trade.
Dow is down 7 days in a row, and while we could still see more weakness early in the week, I think we'll see a bounce at least mid or later in the week through Christmas.
and the ES MOMO trade does not have a stop at this point
Thanks Matt !!!
Posted by rmoore100 on 13th of Dec 2024 at 04:42 pm
Thanks Matt !!! Wishing you and Steve a great weekend !!!