I suggested a lower risk entry at those DEMAND ZONES
holding above secondary lows to attack those highs - which unfolded
on the back of AAPL and Monthly payrolls.
well for me personally I find it all fascinating. I'm a numbers
and systems and statistics guy, I love seeing relationships,
statistics etc
cognitive dissonance? The two versions are not really
saying the opposite thing where one is showing short and the other
long. One is wanting to go back long now while the other one isn't
yet. The one that isn't yet has the superior long term trade
history to the one that is looking to go back long today, but that
doesn't mean that the one with superior long term stats is more
right this time than the other, on a trade per trade basis one will
have a better entry or exit than the other and they go back and
forth
that's why I threw out the idea of if one is kind of one the
fence: you could simply split the capital allocation for an S&P
long between both of them, meaning you would go long 50% today.
Or, if you are one who wants to only follow the version that
has the best stats in the long term you would wait.
I keep using the word fascinating, but I did find it all
interesting all the nuances one has to consider, statistics,
emotions etc
Thank you, Matt. That is exactly the conflict. I appreciate you
understanding the dilemma. There is cognitive dissonance with the
two charts. I “knew” that we were likely to pop up today but
help half of my SQQQ anyway because if I sold it, I could not buy
it back again for two days in my IRA. And if I bought TQQQ
yesterday, I could not sell it until. Monday. I will be glad when
the new 1day settlement rules kick in in May 28, I
think.!
Interesting the SPX, SPY, QQQ may go long on the KISS systems
from the default STS tables
here's an image, the one on the right is the same as the ones in
the STS tables, notice the vertical line showing a buy.
the one on the left is the custom one we show in the newsletters
(better long term stats) does not show a long).
anyway heads up:
which one is best here? who knows, if the lows are in and we go
back to new highs well then the KISS table version on the right
will be better this time. If we still form some sort of lower high
after a deep retretracement rally, then the one on the left might
be best
options: One can choose to follow the version with the best long
term stats, that's the one on the left. Or one could split them -
whatever your SPY SPX allocation is, go long 1/2 based on the
website KISS version and the other half when the custom one goes
long
again that's what makes trading complicated - the various
choices and emotions and trading styles
To clarify, I still own some SQQQ. I trimmed it yesterday, but
have not sold all of that because I believe we still need to set a
lower high because of the break in symmetry that has been discussed
extensively. So, if we are in for another short bull run of at
least 2 days, I can sell my SQQQs or buy some TQQQ to hedge short
term, but I am expecting that we need to reverse lower due to the
symmetry break. Thanks, and I apologize for being so needy, but I
am still confused.
Thank you, Steve. I have reviewed your posts. Sometimes I don’t
understand your lingo. I don’t know exactly what run the recent
highs means. That’s not meant as a criticism but that the
communication is not clear to me. So, we ran through the recent
highs and tagged the 50 MA on the 2 hour chart below. I see 5
waves to accomplish that. Are you suggesting that since we broke
the pennant ( which was under lied in the newsletter, we should be
in for more of a sustained bullish run? I can not day
trade in my IRA account, so I need to be willing to commit
for 2days when I buy. Thanks for clarifying. I am not trying
to be difficult or insulting. Sometimes I just do not understand
your meaning.
Looks like scary action to
any thoughts on FUBO @ 1.40 stop 1.20
Posted by mastermind on 3rd of May 2024 at 12:28 pm
Looks like scary action to me.
I suggested a lower risk
I need some help interpreting these perhaps conflicting charts. What ...
Posted by steve on 3rd of May 2024 at 12:27 pm
I suggested a lower risk entry at those DEMAND ZONES holding above secondary lows to attack those highs - which unfolded on the back of AAPL and Monthly payrolls.
well for me personally I
KISS systems heads up
Posted by matt on 3rd of May 2024 at 12:26 pm
well for me personally I find it all fascinating. I'm a numbers and systems and statistics guy, I love seeing relationships, statistics etc
cognitive dissonance? The two versions are not really saying the opposite thing where one is showing short and the other long. One is wanting to go back long now while the other one isn't yet. The one that isn't yet has the superior long term trade history to the one that is looking to go back long today, but that doesn't mean that the one with superior long term stats is more right this time than the other, on a trade per trade basis one will have a better entry or exit than the other and they go back and forth
that's why I threw out the idea of if one is kind of one the fence: you could simply split the capital allocation for an S&P long between both of them, meaning you would go long 50% today. Or, if you are one who wants to only follow the version that has the best stats in the long term you would wait.
I keep using the word fascinating, but I did find it all interesting all the nuances one has to consider, statistics, emotions etc
If we choose the left,
KISS systems heads up
Posted by DigiNomad on 3rd of May 2024 at 12:22 pm
If we choose the left, will you keep us notified intraday on a potential long trigger?
any thoughts on FUBO @
Posted by bigg on 3rd of May 2024 at 12:19 pm
any thoughts on FUBO @ 1.40 stop 1.20
Thank you, Matt. That is
KISS systems heads up
Posted by mdgfain on 3rd of May 2024 at 12:18 pm
Thank you, Matt. That is exactly the conflict. I appreciate you understanding the dilemma. There is cognitive dissonance with the two charts. I “knew” that we were likely to pop up today but help half of my SQQQ anyway because if I sold it, I could not buy it back again for two days in my IRA. And if I bought TQQQ yesterday, I could not sell it until. Monday. I will be glad when the new 1day settlement rules kick in in May 28, I think.!
KISS systems heads up
Posted by matt on 3rd of May 2024 at 12:15 pm
Interesting the SPX, SPY, QQQ may go long on the KISS systems from the default STS tables
here's an image, the one on the right is the same as the ones in the STS tables, notice the vertical line showing a buy.
the one on the left is the custom one we show in the newsletters (better long term stats) does not show a long).
anyway heads up:
which one is best here? who knows, if the lows are in and we go back to new highs well then the KISS table version on the right will be better this time. If we still form some sort of lower high after a deep retretracement rally, then the one on the left might be best
options: One can choose to follow the version with the best long term stats, that's the one on the left. Or one could split them - whatever your SPY SPX allocation is, go long 1/2 based on the website KISS version and the other half when the custom one goes long
again that's what makes trading complicated - the various choices and emotions and trading styles
Thanks, mastermind.
Very likely IBD follow-through day today, confirming a rally.
Posted by mdgfain on 3rd of May 2024 at 12:10 pm
Thanks, mastermind.
My rally signal was when
Very likely IBD follow-through day today, confirming a rally.
Posted by DigiNomad on 3rd of May 2024 at 12:09 pm
My rally signal was when JPOW and Janet confirmed monetizing the debt and bailing out JPY. Money printing bonanza.
AAPL --perfect target
Posted by Glad on 3rd of May 2024 at 12:07 pm
AAPL --perfect target
Very likely IBD follow-through day
Posted by mastermind on 3rd of May 2024 at 12:05 pm
Very likely IBD follow-through day today, confirming a rally.
COST
COST
Posted by mla127 on 3rd of May 2024 at 12:04 pm
COST
To clarify, I still own
I need some help interpreting these perhaps conflicting charts. What ...
Posted by mdgfain on 3rd of May 2024 at 11:59 am
To clarify, I still own some SQQQ. I trimmed it yesterday, but have not sold all of that because I believe we still need to set a lower high because of the break in symmetry that has been discussed extensively. So, if we are in for another short bull run of at least 2 days, I can sell my SQQQs or buy some TQQQ to hedge short term, but I am expecting that we need to reverse lower due to the symmetry break. Thanks, and I apologize for being so needy, but I am still confused.
it is not a coincidence
Posted by morton7 on 3rd of May 2024 at 11:54 am
it is not a coincidence i sold all of my BA shs
SDIV - here's a fun
Posted by foody518 on 3rd of May 2024 at 11:54 am
SDIV - here's a fun idea with EEM starting to move. 11% annualized dividend, paid out monthly
Thank you, Steve. I have
I need some help interpreting these perhaps conflicting charts. What ...
Posted by mdgfain on 3rd of May 2024 at 11:48 am
Thank you, Steve. I have reviewed your posts. Sometimes I don’t understand your lingo. I don’t know exactly what run the recent highs means. That’s not meant as a criticism but that the communication is not clear to me. So, we ran through the recent highs and tagged the 50 MA on the 2 hour chart below. I see 5 waves to accomplish that. Are you suggesting that since we broke the pennant ( which was under lied in the newsletter, we should be in for more of a sustained bullish run? I can not day trade in my IRA account, so I need to be willing to commit for 2days when I buy. Thanks for clarifying. I am not trying to be difficult or insulting. Sometimes I just do not understand your meaning.
UNG - Broke out above
Posted by EdZ on 3rd of May 2024 at 11:36 am
UNG - Broke out above 50dma
UNG - Broke out above
Posted by EdZ on 3rd of May 2024 at 11:36 am
UNG - Broke out above 50dma