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 

NVDA  reversal trapped late shorts

Posted by steve on 18th of Apr 2024 at 10:37 am

NVDA  reversal trapped late shorts

$INDU - Chart Link- here's an example of MACD divergence with the Dow Jones

you had a MACD divergence end of December, it looks tiny now but that's because current move makes it look that way, if you take the time back on the chart it looks more prominent. 

anyway that divergence, at the time I discussed that it was too far above zero and likely to only produce a minor pullback, not a major top, and that's what it did, was more of a sideways consolidation.  The second MACD divergence where the second peak had recycled close to zero -those are the MACD divergences that produce big tops

that's one of the tricks I've learned with divergence, where is it with respect to the zero level - it's one of those subjective things you only see through 1000's of examples

nice that you are getting into systems - it can also be very addicting LOL

but also, once you have your logic coded and working, then you can actually see statistics how your method has worked, vs just seeing subjective recent signals, which to me is important - gives me more conviction to take the trades if I know the stats are good, vs just seeing something recently on a chart that looks like it might be a strategy. 

DBA screamer - and MACD education

Posted by matt on 18th of Apr 2024 at 09:46 am

DBA - Chart Link- just keeps recovering and pushing higher. Again, remember my educational discussion on the MACD - yes there's MACD divergence but look how far above zero that MACD is, typically when divergence is too far above zero like that, it's not ready for a major top yet, only when the MACD has recycled closer to zero

DBA - Chart Link- weekly cup and handle-  this was a great call of ours from January

RSG chart

Posted by matt on 18th of Apr 2024 at 09:43 am

RSG - Chart Link- very tight coil

as I pointed out last night, the KISS system has a very tight stop here about 1.2% away from price. 

of course the KISS system nailed the entry going long October 16th and is still long!!!

AMD

Posted by matt on 18th of Apr 2024 at 09:42 am

AMD - Chart Link- moving on down

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