Hi Matt,   Do you know how many long trades a year you anticipate from all the subsystems combined (based on backtesting)  and also what the average number of open subsystem trades would be at any one time? 

I realize the new Hi Probability SPY system has not been trading all that long but just wondered based on any backtesting you have done.  Thanks!

Very nice deep

Has NFLX broken the trend line ?

Posted by steve on 23rd of Jul 2019 at 06:37 pm

Very nice deep

Tuesday Newsletter

Posted by steve on 23rd of Jul 2019 at 06:36 pm

I guess it's better that

Has NFLX broken the trend line ?

Posted by deep on 23rd of Jul 2019 at 05:51 pm

I guess it's better that i shorted IRBT i/o NFLX then... didn't know they were reporting earnings.  DOH..got lucky.

so that new sub system will on average add, so typically about 4 trades a year on average.  So not a ton, but helps. So that's 20 sub systems now, every bit helps

Longs:
QE BTS, QE big time swing 3, QE big time swing 3.2. QE Momo, RSI oversold, Strap Long, Bear Exhaust, Bullish Exhaust 1 and 2, Bear Long, Breakout Long, CCI Long, Trend Long

Shorts:|
QE Big Time Swing 3, Stoch Reversal, Stoch short 1, and 2, Hi/Mid/Lo Short, DVDS Short, Ehaust 1 and 2 shorts


Paid for my membership at BPT, again.  Thanks.

guess the SPY system exited well then

Dept. Of Justice To Open A New Antitrust Probe Of Big Tech Cos., Will Focus On Whether Dominant Online Platforms Illegally Harm Competition -Dow Jones

Market selling down on Anti-trust

Posted by steve on 23rd of Jul 2019 at 04:44 pm

Market selling down on Anti-trust probe of Big Tech

API Data Shows Crude Oil

Posted by steve on 23rd of Jul 2019 at 04:43 pm

API Data Shows Crude Oil Inventories Draw 10.961M Barrels, Distillates Inventories Build 1.42M Barrels, Gasoline Inventories Build 4.436M Barrels, Cushing Inventories Draw 448K Barrels

aha ha ha, good point   

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 04:25 pm

aha ha ha, good point   

Just stick to the rules

SPY System exiting at the close

Posted by sonofrebel on 23rd of Jul 2019 at 04:16 pm

Just stick to the rules you have worked so hard on - and leave it to us to break them!

honestly I should have just

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 04:14 pm

honestly I should have just done that for the website, close out the option, but keep the ETF with a stop at break even since I think we push higher. oh well, at least we booked another one, that's 7 trades on ETF's and options or 14 total since May 8th.

yeah I booked em Danno

DFS reports tonight

Posted by matt on 23rd of Jul 2019 at 03:51 pm

yeah I booked em Danno

DFS reports tonight

Posted by steve on 23rd of Jul 2019 at 03:44 pm

DFS reports tonight

yet another option would be

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 03:42 pm

yet another option would be to close out the option trade since it's up 2.5 times the ETF. and keep the SPY  shares with a stop simply at entry price yesterday breakeven since the ETF isn't up that much. again depends on the size you did, I show 10K for simplicity, if you put 50K in it or 100K then you would have substantially more

DFS - Chart Link - nice move on DFS today

SAH follow up

Posted by matt on 23rd of Jul 2019 at 03:36 pm

SAH - Chart Link - didn't show this last night but was on watchlist all week last week so was still valid setup

PAVC follow up

Posted by matt on 23rd of Jul 2019 at 03:33 pm

PVAC - Chart Link - nice bottoming setup from last night's newsletter triggered today

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 03:32 pm

As you know yesterday we entered a new SPY System trade late morning via a new sub system I discussed in the weekend newsletter, and I also discussed yesterday in a follow up detailed email.

Anyway I know this is fast, but the system is closing out the trade at today's close.  This sub system has one of the shorter hold times, about 6 days on average, this one is only a day however realize that technically it would have entered on Friday, however I just coded the system conditions on the weekend and is why we entered it on Monday instead during the day. 

Also even though the SPY system is closing out today.   Another optionfor those who may want to continue holding the trade instead of closing it out  if you think the market will push higher (which I could see happening) a strategy for you to do is simply place a stop on SPY at a higher low such as $296.96 or place it at your entry price yesterday for break even.

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