There was a ghost long on that last bounce - gone now. New one just printed....we'll see

/MESU22 expire in 17 days

I love trading the ES system  (using MES). The Buying Power Effect for 1 MES contract is approx $1,800 instead of having to tie up $20K for SPY. 

Yes, that is correct pep8261. So the logical question would be how does stockcharts have it on there?? I have stockcharts so I can use those charts, just wanted to get it on ToS if even possible. 

ToS Users: Does anyone have a custom script that will add VWAP to SPX?  I know I can use VWAP on SPY or ES as proxies, but would like to be able to add to SPX chart if possible. Thanks 

retirefire: I like XLE, it has decent option volume. I mistimed my entry awhile back but then sold an ATM put near the low which played out for a nice gain. Also can do covered calls for additional income from time to time.  

Well said James. I have been a member for 3 yrs now and the system trades have been fantastic. I really like the addition of the ES/MES. I hope Matt will reconsider keeping that one long term. You don't have to deal with option theta decay or higher prices due to volatility, and there is the tax benefit of trading futures over stocks/options.  The stats have been quite good since we started tracking at  the beginning of the year. 

It has been interesting to see how much more these systems trade in a more volatile bear market than a grinding up bull market. So I can understand the confusion, especially if someone is relatively new.  As others have mentioned, pick a system trade, follow the signals for that system, and don't concern yourself with any additional systems trades that subsequently trigger. 

Thank you to you Matt and Steve for all you guys do. 

XLE - turned down at symmetry - maybe fill the gap?

scooter, symmetry works in uptrends and downtrends. Only, in my opinion, might need to see more of a difference to actually call it a "break". Maybe still just a rounding error. Have to see where it goes from here. 

I believe Matt mentioned last week that the open ES Bear Long trade entered on 7/13 is going to exit when the momo indicator turns back red.  Therefore, it's going to need a down day or a flattening out for several days in order to trigger an official exit would be my understanding. 

Bet she already knew that and was able to lock in some profits at the highs - she's just that good a trader   

Matt, will the ES Bear Long be exiting today?

Correct, the systems call for ES or MES contracts, no options are discussed. Your account will have to be approved by your broker to trade Futures. MES (Micro E-minis)  is 1/10th of ES (E-minis). So when MES Futures moves up or down one point, it is worth $5, as opposed to $50 for a one point move in ES, 

Futures more active than usual for this time of night - Up 20 down 20 

Best wishes on your 50th birthday Matt!

Congrats on your trades, great charts - keep them coming 

Thanks Matt. So glad to be part of this community and grateful for the work you, Steve, and team do.

No problems trading on ToS. Try rebooting if you haven't already. 

I hope he was following the SPY system and bought Calls 

the trades are all on the spreadsheet - including the MES. Check again