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 !!!

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