damn I always forget about this -on the SPY mean reversion
systems the QE BTS exits longs NOT at the close but on the
following morning open - see attached image, the QE BTS is on the
upper right notice it didn't close out, but has the exit on the
trade bar - it will exit tomorrow morning. That said I
already sent the alert so I'll just use today's prices.
ES bar hasn't closed yet which is why you still see those
open
here's the current gain/loss on the mean reversion systems with
current prices, nice trades! on MES futures the gains are
nice for 2nd and 3rd entries because of the increase trade size and
better entries
more than enough here for a subscriber to pay for their BPT
membership for many years
DigiNomad - I ran an update so you can see what the systems are
looking at right now - again these can change depending on the
close, which I'll be running again at the close to get the final
confirmed ones
mean reversion systems update; at this moment in time, all the
mean reversion systems are looking to close out except for the QE
BTS on ES - though even if that one holds, I may elect to scale out
of some of it
on the attached image - this system is on the bottom right
possible exit on these systems in yellow if prices close up near
morning highs
SPY mean reversion systems - CCI divergence
- QE BTS
- Trend/Pullback
MES mean reversion systems - CCI divergence, Trend/Pullback
- Trend/Pullback
$SPX - Chart Link- as you know price has been
chopping around in this resistance zone, with some RSI and MACD
divergence, plus can count 5 waves
that said, above that resistance are, there's sort of a thin
zone up to 5110 - basically that big red down candle you see on
April 15th doesn't offer any resistance, so if price can push again
later on into that area, it probably melts up to that 5110, but for
now price is struggling in this current resistance zone with some
divergence
Investopedia Simulator?? I don't know what that is and have
never looked at it, what are you simulating or doing with it,
unless you gave exact details or some examples of that I can't make
any comments or give any feedback at all to that
last comment: again we should all try to devise our own trading
plan, and that may be multiple plans depending on the accounts you
are trading, such as a 401K IRA or a trading account, you may have
different plans and trading styles for them
The mechanical systems, mean reversion and KISS systems follow
hard rules and discipline. We should probably all be more
like the systems as a rule based strategy approach is the best
approach to trading. The systems follow their strategy and rules to
a tee, whereas we human's tend to waiver and get wishy washy and
emotional - it's not easy to set an exact set of rules like the
systems, but we should all try to have more of a systematic
approach to our own subjective trades, and that starts with sitting
down and devising a trading plan and style that fits you - and of
course that's easier said than done and can take years sometimes
and you go through modifications as you learn and go through
experiences
just like ZSL was a great trade/hedge - again taking profits or
keeping some is the tougher question, I had exited mine this
morning and I'm now flat.
that said, another trader who is deciding to hold his SLV for a
long term hold may elect to keep the ZSL as a hedge if he thinks
precious metals are in for a 2 or 3 month consolidation period
before running up again.
or a hybrid trader may sell 1/2 to lock in gains and keep the
other 1/2 with a stop
mdgfain - on DUST you can count 3 waves up so far, could be an
abc of a 4 then down again that would form a 5 wave divergent low,
or the lows are in and the move up is not complete and for now we
have 3 waves,
The wave count on gold counts as completed a couple weeks ago as
v of 5 unless that was a wave 3 on the daily and this is a wave
4
tough to say on DUST. I was a good trade off the low, as I
alway say the hardest part of trading is not first entering the
trade, but exits, exits are are far more difficult.
and yes depends on your trading style and strategy - a lot of
different variables basically
on the daily while DUST could come back down, if it make another
low that will form a heck of a MACD divergence.
otherwise I still think DUST will likely form sort of of higher
low here but we'll see
again there's never one easy answer, I know that it's difficult,
especially on exits, but also don't get frustrated if we can't tell
you exactly, and we are not allowed to give advice as it is. We can
say what we think or lean to and give options and analysis and
guidance but not trading advice
najor- here's a ton of the indicators on one page that I
worked on a while back but never finished, I need to finish it and
place it on the website, here's a link
The community is delayed by three days for non registered users.
damn I always forget about
mean reversion systems possible exits
Posted by matt on 23rd of Apr 2024 at 04:19 pm
damn I always forget about this -on the SPY mean reversion systems the QE BTS exits longs NOT at the close but on the following morning open - see attached image, the QE BTS is on the upper right notice it didn't close out, but has the exit on the trade bar - it will exit tomorrow morning. That said I already sent the alert so I'll just use today's prices.
ES bar hasn't closed yet which is why you still see those open
here's the current gain/loss on
mean reversion systems possible exits
Posted by matt on 23rd of Apr 2024 at 03:35 pm
here's the current gain/loss on the mean reversion systems with current prices, nice trades! on MES futures the gains are nice for 2nd and 3rd entries because of the increase trade size and better entries
more than enough here for a subscriber to pay for their BPT membership for many years
well - one day 100
STS Systems - any early reads available on what is ...
Posted by matt on 23rd of Apr 2024 at 03:08 pm
well - one day 100 years from now when we finally launch the high performance systems LOL, the KISS tables will be updating all day long
DigiNomad - I ran an
STS Systems - any early reads available on what is ...
Posted by matt on 23rd of Apr 2024 at 03:02 pm
DigiNomad - I ran an update so you can see what the systems are looking at right now - again these can change depending on the close, which I'll be running again at the close to get the final confirmed ones
https://breakpointtrades.com/sts_table/?search=BPT_basket
mean reversion systems update; at
mean reversion systems possible exits
Posted by matt on 23rd of Apr 2024 at 02:57 pm
mean reversion systems update; at this moment in time, all the mean reversion systems are looking to close out except for the QE BTS on ES - though even if that one holds, I may elect to scale out of some of it
on the attached image - this system is on the bottom right
possible exit on these systems in yellow if prices close up near morning highs
SPY mean reversion systems
- CCI divergence
- QE BTS
- Trend/Pullback
MES mean reversion systems
- CCI divergence, Trend/Pullback
- Trend/Pullback
QE BTS holding
what is triggering long today?
STS Systems - any early reads available on what is ...
Posted by matt on 23rd of Apr 2024 at 02:54 pm
what is triggering long today? I don't know yet, I could open and refresh it to see
SPX 15 min
Posted by matt on 23rd of Apr 2024 at 02:53 pm
$SPX - Chart Link- as you know price has been chopping around in this resistance zone, with some RSI and MACD divergence, plus can count 5 waves
that said, above that resistance are, there's sort of a thin zone up to 5110 - basically that big red down candle you see on April 15th doesn't offer any resistance, so if price can push again later on into that area, it probably melts up to that 5110, but for now price is struggling in this current resistance zone with some divergence
yep - big level in
5/1 ES Levels June Contract (ESM24)
Posted by matt on 23rd of Apr 2024 at 12:59 pm
yep - big level in there
another thing was you had TICK level from 5072 where TICK spiked to 1600 on 4/17 cash open -that's a big spike high in the TICK and an important level
ES fuitures and Trading View
Posted by matt on 23rd of Apr 2024 at 12:55 pm
https://www.tradingview.com/chart/WVDTpjM0/
so that you can monitor
Investopedia Simulator?? I don't know
Steve, Is it a good time to sell DUST?
Posted by matt on 23rd of Apr 2024 at 12:53 pm
Investopedia Simulator?? I don't know what that is and have never looked at it, what are you simulating or doing with it, unless you gave exact details or some examples of that I can't make any comments or give any feedback at all to that
last comment: again we should
Steve, Is it a good time to sell DUST?
Posted by matt on 23rd of Apr 2024 at 12:29 pm
last comment: again we should all try to devise our own trading plan, and that may be multiple plans depending on the accounts you are trading, such as a 401K IRA or a trading account, you may have different plans and trading styles for them
The mechanical systems, mean reversion and KISS systems follow hard rules and discipline. We should probably all be more like the systems as a rule based strategy approach is the best approach to trading. The systems follow their strategy and rules to a tee, whereas we human's tend to waiver and get wishy washy and emotional - it's not easy to set an exact set of rules like the systems, but we should all try to have more of a systematic approach to our own subjective trades, and that starts with sitting down and devising a trading plan and style that fits you - and of course that's easier said than done and can take years sometimes and you go through modifications as you learn and go through experiences
just like ZSL was a
Steve, Is it a good time to sell DUST?
Posted by matt on 23rd of Apr 2024 at 12:20 pm
just like ZSL was a great trade/hedge - again taking profits or keeping some is the tougher question, I had exited mine this morning and I'm now flat.
that said, another trader who is deciding to hold his SLV for a long term hold may elect to keep the ZSL as a hedge if he thinks precious metals are in for a 2 or 3 month consolidation period before running up again.
or a hybrid trader may sell 1/2 to lock in gains and keep the other 1/2 with a stop
and another trader like my may have exited it all
the point is, it's never one easy answer on exits
mdgfain - on DUST you
Steve, Is it a good time to sell DUST?
Posted by matt on 23rd of Apr 2024 at 12:16 pm
mdgfain - on DUST you can count 3 waves up so far, could be an abc of a 4 then down again that would form a 5 wave divergent low, or the lows are in and the move up is not complete and for now we have 3 waves,
The wave count on gold counts as completed a couple weeks ago as v of 5 unless that was a wave 3 on the daily and this is a wave 4
tough to say on DUST. I was a good trade off the low, as I alway say the hardest part of trading is not first entering the trade, but exits, exits are are far more difficult.
and yes depends on your trading style and strategy - a lot of different variables basically
on the daily while DUST could come back down, if it make another low that will form a heck of a MACD divergence.
otherwise I still think DUST will likely form sort of of higher low here but we'll see
again there's never one easy answer, I know that it's difficult, especially on exits, but also don't get frustrated if we can't tell you exactly, and we are not allowed to give advice as it is. We can say what we think or lean to and give options and analysis and guidance but not trading advice
yep nice pullback from that
Gold almost green, trying to reject it
Posted by matt on 23rd of Apr 2024 at 10:20 am
yep nice pullback from that resistance area, you also had Demark 9 on 15 min chart and Demark 13 on 5 min
mean reversion systems possible exits
Posted by matt on 23rd of Apr 2024 at 09:52 am
possible exit on these systems in yellow if prices close up near morning highs
SPY mean reversion systems
- CCI divergence
- QE BTS
MES mean reversion systems
- CCI divergence, TRend/Pullback
najor- here's a ton of
Hello Matt, enjoy following the Kiss system via S&P . ...
Posted by matt on 22nd of Apr 2024 at 11:09 pm
najor- here's a ton of the indicators on one page that I worked on a while back but never finished, I need to finish it and place it on the website, here's a link
https://breakpointtrades.com/market_analysis/legacy/?nl_id=3995
Yep! and notice from this
Monday Newsletter
Posted by matt on 22nd of Apr 2024 at 11:00 pm
Yep! and notice from this GC futures chart, price lost that support cycle, then rallied back to it where it found resistance and dumped again
foody518 - COOP is in
Hi Matt, can you please add COOP to the STS ...
Posted by matt on 22nd of Apr 2024 at 06:22 pm
foody518 - COOP is in the KISS tables
https://breakpointtrades.com/sts_table/?search=coop
https://breakpointtrades.com/ts/view_chart.php?s=COOP&g=misc
no changes
Just checking......all reversion to mean systems still long ? ...
Posted by matt on 22nd of Apr 2024 at 06:14 pm
no changes
it's in the FAQ STS
I noticed the new STS for COP and OXY in ...
Posted by matt on 22nd of Apr 2024 at 06:14 pm
it's in the FAQ STS can go lower at times