Posted by DigiNomad on 13th of Dec 2023 at 03:07 pm
Kind of crazy to think that if you waited for a minor fib
retrace on the daily in order to buy in from the bottom a month
ago, you never got the chance.
again that's what's nice about the KISS systems - if the market
wants to go to insane levels that are far higher than you think is
possible, the system will stay with the trend. If there's a rug
pull somewhere, they have you protected too
Posted by DigiNomad on 13th of Dec 2023 at 03:12 pm
But the initial entry on the the KISS systems often involves a
very wide stop....especially if the move that triggered the buy
signal was a large one...like it was this time. So a lot of people
wait for the 1st pullback to get in. It's not often that
there is no first pullback.
The pullback in the last 6 minutes is massive by recent
standards
nah, the stop is always placed at the most recent swing low.
Best to enter, then if a pullback occurs one can enter
more.
folks struggle more with systems that have been long for a while
and they want to get in - that's where I struggle at - if someone
new here, do they go long the SPX or QQQ's even though they've had
7 - 10 STS stops? It's times like those when it's hard, not so much
on first entries.
My generally suggestion is if you want to get into a system
trade that has been long, best to wait for some pullback - if price
is too far of a % away from the most recent STS then try and get a
pullback. Use intra day time frames 15 min, 60 min, 2 hr to look
for pullbacks such as flag, or 3 wave abc pullbacks
Posted by DigiNomad on 13th of Dec 2023 at 03:18 pm
"the stop is always placed at the most recent swing low" -
confirms my point. If the move that triggered the buy was a large
one, the initial stop will be wide.
Posted by James_Roe on 13th of Dec 2023 at 03:26 pm
The initial stop on the most recent SPY entry was 6.2%, if you
invested 10% of your portfolio you would only be risking .62% of
your total equity on the trade, and you would now be up 14% on the
trade, or 1.4% on your portfolio.
NO it doesn't and it's not wide geez guys. the last higher low.
That's just logical. And I'm referring to daily systems,
QQQ daily went long on 10/31 at 350.87, stop was the low from 3
days before at 342.4. That's logical on a daily - it's not a 10 min
chart, where's it going to place the stop, at the low that day? the
previous day? Do you realize that would vastly increase the stops
outs and whipsaws. On daily stop has to be wide enough to account
for noise
Posted by DigiNomad on 13th of Dec 2023 at 03:07 pm
Didn't even get the standard Fed day trap. Options
expiration this week has market supercharged in squeeze mode (same
thing happened to DAX even with their economy on the brink of
recession). The short interest in that market approached 80
something percent and it was game on for the bulls.
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lol ...
Posted by mla127 on 13th of Dec 2023 at 02:02 pm
lol ...
what the hell was mentioned
Posted by icecoldjones on 13th of Dec 2023 at 02:06 pm
what the hell was mentioned in that statement?!?!?!?!
You missed the part that
Posted by mastermind on 13th of Dec 2023 at 02:33 pm
You missed the part that said "you may resume the rally"?
Skynet interpreted this as "We
Posted by mla127 on 13th of Dec 2023 at 02:37 pm
Skynet interpreted this as "We may never go down again ... in 2023" .... floor it ...
Kind of crazy to think
Posted by DigiNomad on 13th of Dec 2023 at 03:07 pm
Kind of crazy to think that if you waited for a minor fib retrace on the daily in order to buy in from the bottom a month ago, you never got the chance.
again that's what's nice about
Posted by matt on 13th of Dec 2023 at 03:08 pm
again that's what's nice about the KISS systems - if the market wants to go to insane levels that are far higher than you think is possible, the system will stay with the trend. If there's a rug pull somewhere, they have you protected too
But the initial entry on
Posted by DigiNomad on 13th of Dec 2023 at 03:12 pm
But the initial entry on the the KISS systems often involves a very wide stop....especially if the move that triggered the buy signal was a large one...like it was this time. So a lot of people wait for the 1st pullback to get in. It's not often that there is no first pullback.
The pullback in the last 6 minutes is massive by recent standards
nah, the stop is always
Posted by matt on 13th of Dec 2023 at 03:16 pm
nah, the stop is always placed at the most recent swing low. Best to enter, then if a pullback occurs one can enter more.
folks struggle more with systems that have been long for a while and they want to get in - that's where I struggle at - if someone new here, do they go long the SPX or QQQ's even though they've had 7 - 10 STS stops? It's times like those when it's hard, not so much on first entries.
My generally suggestion is if you want to get into a system trade that has been long, best to wait for some pullback - if price is too far of a % away from the most recent STS then try and get a pullback. Use intra day time frames 15 min, 60 min, 2 hr to look for pullbacks such as flag, or 3 wave abc pullbacks
"the stop is always placed
Posted by DigiNomad on 13th of Dec 2023 at 03:18 pm
"the stop is always placed at the most recent swing low" - confirms my point. If the move that triggered the buy was a large one, the initial stop will be wide.
The initial stop on the
Posted by James_Roe on 13th of Dec 2023 at 03:26 pm
The initial stop on the most recent SPY entry was 6.2%, if you invested 10% of your portfolio you would only be risking .62% of your total equity on the trade, and you would now be up 14% on the trade, or 1.4% on your portfolio.
Math for the win! Again!
Posted by greggone on 14th of Dec 2023 at 11:51 pm
Math for the win!
Again!
NO it doesn't and it's
Posted by matt on 13th of Dec 2023 at 03:23 pm
NO it doesn't and it's not wide geez guys. the last higher low. That's just logical. And I'm referring to daily systems,
QQQ daily went long on 10/31 at 350.87, stop was the low from 3 days before at 342.4. That's logical on a daily - it's not a 10 min chart, where's it going to place the stop, at the low that day? the previous day? Do you realize that would vastly increase the stops outs and whipsaws. On daily stop has to be wide enough to account for noise
Didn't even get the standard
Posted by DigiNomad on 13th of Dec 2023 at 03:07 pm
Didn't even get the standard Fed day trap. Options expiration this week has market supercharged in squeeze mode (same thing happened to DAX even with their economy on the brink of recession). The short interest in that market approached 80 something percent and it was game on for the bulls.