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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

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 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 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? 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

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

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 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 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

it's in the FAQ STS can go lower at times

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