FYI the DVDS system is currently meeting conditions for a 1st entry short - it's the one on the upper right

that bear long on that IWM test that I showed yesterday would had had the perfect exit, great long from the lows and got out in the nick of time

here's a look at IWM shorts - I simply replaced the SPY symbol as IWM - these have not been optimized - but still they've done well this year, lot of nice shorts from Stoch Short, DVDS, Hi Mid Low, and QE 3

the DVDS triggered on the ES yesterday not SPY.  oh well

I'm very sorry guys - I completely missed this - that DVDS short system took a 1st entry yesterday.  Remember I had made some modifications on that one and was using the new version going forward. Also the DVDS system can take short trades at times on down days, unlike most of the other systems that short on an up day. anyway I apologize for missing this, would have been a good one. I'll follow up and let you know when it exits, see upper right system DVDS

on the systems nothing new for SPY

on ES the DVDS looks like it's going to exit - does not confirm until 5 pm

on those systems with the pullback off those highs the DVDS short trade for ES is now looking to exit, it wasn't earlier

also the Strap is now not showing a new long

Here's an intra day update on the systems:

SPY - we have the open long on Trend/Pullback 1st and 2nd entry, DVDS short covered yesterday
- Strap long may take a 1st entry today, I've included the stats here for you to look at

ES - We have the 1st and 2nd entry long for Trend/Pullback and the DVDS short still open - no changes here DVDS still holding
- We still have that open breakout trade - it's looking to stop out today - that said I may elect to hold with with a hard stop 
- Strap long is also looking at a 1st entry here

that DVDS short for SPY made about $3500 for both the options and ETFs

updated table - those DVDS trades worked out nice - I guess I shouldn't have taken one of those option trades off early, oh well

- SPY systems Longs -Trend/Pullback 2nd entry - SSO for trade entry and 2 SPY Call options with 429 Strike and June 17th expiration
- SPY systems Shorts - DVDS closing out - NICE TRADE
- ES systems Longs - Trend/Pullback 2nd entry
- ES systems shorts - DVDS still holding pat

One comment: the Trend/Pullback is susceptible at taking some draw down. When both SPY and ES are doing the same exact trade, in order to limit risk one could simply do one of them vs both. 

an update on the systems

- SPY systems Longs - Strap is showing a potential long today 1st entry.
- SPY systems Shorts - DVDS is looking to close out its open short
- ES systems Longs - Strap is showing a potential for 1st entry long, and Trend/Pullback looking for a 2nd entry
- ES systems shorts - DVDS still holding pat

what matters is the close

like I said, nothing new with the systems, I was hoping the DVDS would have closed out today, it was meeting exit conditions when the market was down. 

currently we have the DVDS short on the SPY and the Trend/Pullback Long (though we took some profits on the DVDS). And on ES we have the Breakout Long, The Trend/Pullback Long, and the DVDS short so we are more long than short, so quite the combination of both longs and shorts sort of canceling one another out until they start to close out. 

I actually kind of like when you have both longs and shorts at the same time as hedging one another, kind of neat

SPY systems: 

- existing DVDS short is still open both 1st and 2nd entry though we sold 1/2 of the 2nd entry to lock in some profits
- New 1st entry long via the Trend/Pullback:  10K SPY ETF and 1 SPY Call option with June 17th expiration and 434 strike

ES systems:
- existing DVDS short still open, 1st entry only (not first and 2nd like SPY)
- New 1st entry long via Trend/Pullback - will be for 1 MES contract - not confirmed until after the 5 pm close for ES. ES closes at 5 pm and reopens at 6 pm

table shows you the SPY systems trades. Note I show the closed out Put option for the DVDS short, closed one of the options

assuming everything goes the same, we'll see a new long today via the Trend/Pullback

Regarding the systems, first off the open systems:   
SPY:  (1st and 2nd entry DVDS Short),
-    ES:  (1st entry DVDS Short and 1st Entry Breakout Long) 

 The open short on the SPY and ES systems via the DVDS sub system is not yet closing out. We did take off one of the put options this morning, though in hindsight I should have waited until later morning LOL. These systems should remain short, however are probably getting close to closing out

The ES breakout system will be stopping out today at the close - that said depending on how we close, I may elect to stay long with a hard stop if I think the market is set to put in a bounce, in order to get better exit prices

New Trades today

The Trend/Pullback sub system is looking to take a 1st entry long on both SPY and ES

last night I looked more into this DVDS short settings , it's pretty cool - it has 2 versions of the short entry, one that enters when price is above the ATR indicator and one that enters when price is below - both have different exit conditions because of that. The one that enters when above the ATR is more aggressive at taking profits, while the one that enters while above typically occurs in downtrends and can hold the trade longer.  clearly this one entered above the ATR

exits involve various things from %R getting oversold, RSI getting over sold, 60 Stochastic falling to a certain level, normalized Stochastic getting to a certain level etc

Good morning everyone, as you may know market futures are strongly down this morning. We also have two open short positions from both the SPY and ES systems via the DVDS short. The SPY system has a 1st and 2nd entry short while the ES system has a 1st entry. 

Outside of the systems I'm going to go ahead and close 1/2 of the 2nd position  for the SPY system trade. For the 2nd entries we take two SPY Put options and SDS. I'm taking off one of those Put options here in the morning to lock in some profits. Again that's outside of the system, they are staying put (pun not intended) for now. Another option would be to take off the 1st entry positions and leave the 2nd entry positions on. Anyway, do what fits your style and risk tolerance

So looks like we are going to have a combination of trades here:

- SPY Systems- The breakout stopped out today, and the DVDS took a 1st entry short

- ES systems- Looks like the Breakout is taking a 1st entry long today. The DVDS is taking a 1st entry short, and that previous open short trade is closing out

This TS pisses me off some days - anyway you can see here that DVDS system shorted