KOLD

Posted by matt on 18th of Apr 2024 at 03:45 pm

CCI system for ES still has conditions, of course that bar doesn't close until 5 pm EST

SPX 120 with Gap

Posted by steve on 18th of Apr 2024 at 02:34 pm

$SPX - Chart Link - like to see them go for that gap

  

Homebuiders (TOL, KBH) downsizing

Posted by steve on 18th of Apr 2024 at 02:33 pm

  

guys try not to guess

CLSK Views

Posted by matt on 18th of Apr 2024 at 01:53 pm

guys try not to guess things - yes sometimes and no others like I've explained there are 3 major entry rules for longs. One of those entries tends to only occur after a nice move off the lows where price could be a little extended

the two other moves, the ABC long can trigger 2 or 3 candles off a low,  very tight. The oversold washout trade can occur just 1 or 2 candles of the low

basically KISS got out of

CLSK Views

Posted by matt on 18th of Apr 2024 at 01:51 pm

basically KISS got out of CLSK over a week ago

the trade idea trigger Steve showed was based off the high of the doji candle, that would be a trade you could have done with that doji as a trigger, but it had nothing do do with KISS system - your trade would have been based off that doji setup

ictguy- please send me the

CLSK Views

Posted by matt on 18th of Apr 2024 at 01:47 pm

ictguy- please send me the question to my private message, copy the text and click that mail box icon, that's a question for after hrs, or maybe you we need a zoom call or phone call to answer some of your questions

that said, the systems; The KISS systems and the mean reversion systems are their own animals with their own rules for entering and exiting trades, they are mutually exclusive to any subjective trade ideas we may put out. We are not generally putting out trade ideas based on the systems

The CLSK trade ideas was simply based off the chart, had nothing to do with KISS system which was been in cash

yeah I know, not fun when these are scaling in

that said the CCI divergence shows a possible entry today, the stats are very good, profit factor of 63.3, 95.65% winning trades, excellent profit curve

average time in trades is about 4 days for the average and for winners, for losers it's 11 days but there have only be 3 losing trades

price tagged and bounced off

Do we bounce off 5052 ES..

Posted by matt on 18th of Apr 2024 at 01:33 pm

price tagged and bounced off that major TICK pivot  at 5006 that was generated on Feb 15th

the thicker dotted line means that the TICK spiked to a very high level then, not just over 1000, but over 1300

SPX 120 and 60 min

Posted by matt on 18th of Apr 2024 at 01:29 pm

$SPX - Chart Link-

$SPX - Chart Link- like I said, targeting that gap fill

$SPX - Chart Link- again don't get bogged down with wave counts , but to me still likes like it's in that 3 wave, that bounce wasn't very big, could have been that 4, but this could also still just be 3.

fill the gap, then OPEX then maybe we get a bounce 

yeah but the bounce I'm referring to is one that lasts 2 or 3 days forming at least a lower high wave b. For now this just the same wave down. 

I did stress that there wasn't any good divergences on 60 min time frames, meaning not a good bottom. 

another low here could set up some MACD divergence 

OPEX is on Friday, amd price is in the middle of that big gap, might as well just fill it now at 4980

yeah not sure I have any conviction here either, it's sitting just above the 50 day MA major support where it could pop up for a 5th wave, however the 9 and 20 MA's have flattened out which means it's also more vulnerable to a breakdown instead   - basically the stock is at a breakpoint where it's either gonna bust down or pop up.  Yeah I know I'm saying it could do this or that, but what I'm stressing is that it's at a critical junction for a big move, and seems like could go either way here

SPX, QQQ 15 min

Posted by matt on 18th of Apr 2024 at 12:54 pm

$SPX - Chart Link- that looks like a simple abc zig zag

QQQ - Chart Link-

XBI

Posted by matt on 18th of Apr 2024 at 12:51 pm

XBI - Chart Link- shows a couple of demand zones below, and of course that 200 day MA

your HUT is doing well

Posted by matt on 18th of Apr 2024 at 12:37 pm

HUT - Chart Linkone of you went long that a couple days ago off support. 

to me entering the trade is always much easier than exiting, the exit is always the toughest part - you have to decide if you exit it now or soon for a trade locking in gains, a lot of major MA's overhead that could offer resistance could be a place to scale out, or if you just place a stop and hold, or a combination of the two where you lock in some gains, then place a swing stop on the remaining after having sold 1/2

ZSL tightened up the wedge

Posted by matt on 18th of Apr 2024 at 12:27 pm

ZSL - Chart Link-tightened up the wedge

a couple of viable counts would have the first move up as wave A or 1, this as a wave B or 2 consolidation, which will pop to the upside in a wave 3 or C

KOLD still coiling

Posted by matt on 18th of Apr 2024 at 12:16 pm

CLSK Views

Posted by steve on 18th of Apr 2024 at 12:03 pm

OSCR moved up to next resistance area $17.30 

OSCR nice 

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