AMRX - Chart Link- idea from Monday, broke out nicely

by the way, I bought this on Tuesday on the slight break, the stock then went back below the trendline and I was a bit under water. But...I"m always telling you guys if you are trying to swing something, you can't be stopping out on noise - I place a stop around the 20 SMA initially so I staye din, nice pop now and I can either decide to trim some of the position up or not

$SPX - Chart Link- here's my 60 min chart showing all those gaps

anyway so far no break in symmetry yet. The largest pullback in the VERY strong uptrend from the Oct lows was 49.5 points. So far today at today's lows the SPX has pulled back 47.4 points

CKPT - Chart Link- trail stops up folks and lock in some profits!

I almost sold this yesterday to raise more cash, glad I didn't. When you have a trend, stick with it

SEER - Chart Link- been sitting in this one the last couple days, finally popping some off that trendline retest

scooter- no one right or wrong answer there. Every trader should develop his/her own systematic style and use whatever indicators/settings they find works for their strategy and plan

that said: on daily charts, we use the 9 EMA (sometimes the 5 EMA as well for strong trends), the 20, 50, 200 SMA

on intra day charts I generally just use EMA's: 9, 20, 50. 

on 1 min chart I like the 200 SMA

for the MA ribbons besides the BPT MA Deluxe I use (9, 20, 34, 50 EMA's) or (5, 11, 19, 28 EMA's for a tigher ribbon)

XBI - Chart Link- with that symmetry break on the last rally (largest rally in the downtrend from the June highs, odds favor some sort of higher low. Now, you don't have a break in structure, just a symmetry break

Trigger could be over today's doji with stop at the low of the doji

MASI - Chart Link- nice looking long idea from last night, bucking the trend today

RPTX - Chart Link- I took profits this morning when it tagged that 20 MA, was a mean reversion set up, got the move, so got out

IGMS - Chart Link- nice follow through on this bottoming play from last week

AJG - Chart Link- followed through some

DGX - Chart Link- I'm no longer in this one, now above the 200 MA

GDHG - Chart Link- still hanging in there, I'm long gone

RRC - Chart Link- This gave a great trend and puked today - Hint: Friday's doji low was a good place for a stop

RRC - Chart Link-

yep nothing trends in one direction, I took nice profits on my TMF and TLT call options last Friday, that said favoring lower high so will look for a 3 wave pullback/structure on an intra day time frame and trigger

the 2hr had a Demark 9 on Friday spiking  out side those channels on the 2hr and 1hr time frames. On the 15 min we have a Demark 9 now

IWM - Chart Link- almot tagged the 50 day MA, gapped over that trendline, basically bounced off that supply zone

IWM - Chart Link-

GDX - Chart Link- was a good buy on that gap fill, over the last 2 days you had a confirmation with the break of the GDX/GLD ratio trendline

JETS - Chart Link 2hr view, nice gap up over the resistance channel trendline. Remember, my trigger that I mentened on Wednesday was triggered inside the channel over the small trendline I drew on the base

JETS - Chart Link daily

I mentioned this yesterday, I stated had the RSI oversold systems decided to hold one more day the trend/hold condition would have kicked in - you can see it turned green on the open, if the trade was still open, it would be held until that bpt momo indicator slope turned negative/red

they are closing out today. That said, the trend/hold condition almost triggered, I actually think this one could have worked out as a swing. 

Or you could decide to keep some, or....since the KISS systems are long SPY and QQQ, simply pass of the baton to those KISS systems and continue to hold - anyway giving some options one can consider

it just came off two nice back to back winners, the odds of the 3rd trade being a whipsaw was high, considering that the system  only has about 48% winning trades, so 1/2 the trades  are losers, that's typical of a lot of the KISS systems, they have quite a few losing trades with small draw downs, but make up for that with trending moves/trades it catches. Though a lot of other KISS systems have around 55 - 65% winning trades on other ETF's and stocks.  

Remember GDX is a bugger for trends therefore a low winning % is normal, because of the nature of GDX it's not easy for a long only trend system. The 78 min and 1/2 day versions were decent. higher time frames like daily were just not adaptable enough because GDX rarely enters uptrends lasting months

Good morning: regarding the open mean reversion systems, the SPY QE BTS is set to exit on the open. I always forget that this system exits the next day on the open and NOT at the close.

that said for the website I'm going to keep the position for now with a stop below the 61.8% Fib retracement from the Oct 23 lows to yesterday's highs below 420.48. Steve and I for now are favoring the market to sell off to new lows but for this bounce to last a bit longer, so the plan is to try and sell at a bit higher prices hopefully. Again in the future once the mean reversion move occurs, we'll be exiting 1/2 of the mean reversion positions even if a trend hold condition gets triggered, just to be safe.

Your options are:

1. go ahead and exit like the system on the open

2. keep the position like I am with a stop exit plan

3. Yet another option would be to exit 1/2 here and the other half at a stop or hopefully a bit higher prices in the coming days

I like how it bounced off both the 50 day MA and putrend line yesterday, when I looked at a 60 min chart it looked like it wanted to follow through, it had a W like pattern - I always look at the 60 min at least when I like a chart from the daily just to confirm

MTA - Chart Link- I dipped my toe into this one today as it's at a long term important level. Unless this goes out of business, the gold market appears to be in an uptrend now so this could work higher from very low levels

again as I discussed yesterday - in the future, whenever the mean reversion move occurs for one of the systems and if the system decides to hold the trade longer than that based on a trend/hold condition, I'm going to be issuing sell 1/2 orders just to be safe and lock in some gains for times like this when that trend hold may give up the profits if the market sells off instead. That doesn't help anyone now, but I always have to look forward what we can do better in the future and learn/adapt from experiences 

The systems are getting close to stopping out. Again, if it's the leading diagonal then I'd expect prices to go go much lower taking out the recent lows by quite a bit.  they are close to stopping out, or if you can't handle any more heat and want to reduce or stop out on your own, that's your choice. 

and that's why I have a love/hate relationship with these systems - because I hate seeing you guys go through tough trades. and if someone happens to be brand new, a bad trade may cause them to unfairly judge the website or the systems

a lot of times you don't have one movement up or down on OPEX days, often you have a move in one direction in the morning and another one in the afternoon

otherwise cleary the trend is down and it's a Friday before a weekend where shit can happen, so not sure how many want to risk going home long on the weekend