IWM - Chart Link- bactested that extened trendline yesterday, good short

On Friday's I do trades I the morning and afternoon, but I cut my trading way back and try to spend some time working on backend stuff  and strategies 

just showing what I'm doing, giving this writeup to James to code - to add a trending hold on the MACD KISS/Stoch system using the DMI as a trend hold and either a 14/1 ATR or BPT MA deluxe for stop

just showing you how I come up with systems settings - it's all about looking for repeatable pattens - then writing up rules and examples for it - then trying to get it to  code

man I always forget about this, the QE BTS exits its longs the next day on the open NOT the same day, sorry about that

see the image, the Trend/Pullback exited for SPY on left. ES will exit once that bar closes, and the QE BTS upper middle will exit tomorrow morning

Update on the systems: First off good thing the DVDS short covered 1/2 yesterday. And we also had that 3rd system go long via the SPY QE BTS but only took 1/2

that said - all the long systems are looking to close:

- Trend/Pullback for SPY and ES, and QE BTS for SPY

just because you think we might still be a longer term bear why let that stop you from taking longs that meet your trigger conditions and strategies. 

bear markets can go in phases and have uptrends lasting many months 6 months, 8 months or a cyclical bull inside a bear. Plus some of the target levels we've favored all year and since last Oct was the 4200 - 4350 area. 

and short term we called for at least a 4th wave pullback over a week ago, and once done anther move higher.

all KISS systems have been long on daily indexes and today they now have new STS

again just focus on your triggers and plan, vs letting a term like bear market stop you from entering or holding your trades as you normally would via your system

remember it's a trend day, and usually don't get any meaningful pullback until the afternoon on those days, best on trend days to focus on buying all the shallow dips the first 1/2 of the day

GDX - Chart Link- triggered yesterday breaking that wedge and various trendlines on the ratio and RSI, stop at the swing high

GDX - Chart Link- daily view

having some issues with Tradestation so will send out after the close

- SPY breakout system is stopping out (nice timely exit on ES breakout yesterday)
- SPY DVDS short holding
- MES DVDS short holding

New systems:
- SPY - Trend/Pullback taking 1st entry (10K SPY ETF or$5K if doing 1/2 size)
- MES - Trend/Pullback taking 1st entry (2 MESM23 contracts or 1 contact if doing 1/2 size or SH ETF in place of futures)

side note: because the Trend/Pullback is entering on both SPY and ES, if one wanted to reduce risk you could consider entering 1/2 position on each

Nice exit by the ES breakout yesterday!

At the moment I'm seeing a 1st entry long for the Trend/Pullback on SPY and MES, and a 2nd entry on the SPY breakout. Now on the breakout a 2nd entry is tight, basically if price were then to go lower it would stop out pretty quickly. The breakout system can only have 2 entries and when the 2nd entry occurs it's close to stopping out anyway

as I said it's OPEX, don't expect prices to just trend today

see the updated 1 min ES TICK pivots chart: price sold off from that resistance zone, and then bounced near that support zone - chop -  if you shorted that move in the morning was best to cover -again this is typical of OPEX

especially later in the day

best if you are day trading the indexes or some some stocks to take singles today vs holding for big moves - OPEX you typically don't get a big trend move one way all day, but sharp moves both up and down

next week will likely start the next trend move

at noon I said to watch those broken trendlines for a backtest and BOOM god that 30 min was so perfect. I gave you heads up mid day

yes that's why I commented earlier was good to consider locking in short gains vs getting greedy and hoping it would trend lower tomorrow. OPEX notorious for moves like this end of day we saw

yeah remember OPEX tomorrow so likely not to be a trend day tomorrow but more of a chop day

GDX - Chart Link- last Friday broke that trendline band backtested it, was good place to go short, 

DUST - Chart Link- out of the channel, watch for a symmetry break, which would confirm a higher low on the next pullback

last night made a beta VIX system with the Bollinger Bands - here are it's trades for the 5 min today - the trick not the entry but when to exit. Sometimes you get a big move and sometimes just a tiny one and resumption back in the trend. So I simply have it closing the trade when price goes back over a short term MA 

GDX - Chart Link - followed through again, that small divergence was negated, again divergence is not a sell signal, you need more than that for a trigger, meanwhile stay with the trend

GDX - Chart Link -

FSM - Chart Link - broke out today

RGLD - Chart Link -

RBLX - Chart Link- I've been saying the chop since it tried to break over the trendline over a week ago was just noise and no reason to have stopped out, if today's gains hold stop can be moved up to Monday's lows

RBLX - Chart Link- last night I said despite pulling back if you bought this for a short term swing trade, was really no reason to stop out of it just because it pulled back slightly below the trendline. Swing stop at this point could still be just below the uptrend line or tighter at today's lows around 44.3

AI - Chart Link- was very oversold yesterday with that wide MA ribbon and price was also near that lower trendline support