regarding the KISS stuff - again like I discussed in that video
I made earlier today and on the weekend newsletter. I think
the DVT exits are great for the SPX at getting you out and
protecting you from sharp corrections. However the system in most
cases needs a good move off the lows before it goes back long
(unless you have one of those very rare exhaustion cases where the
system can buy a 1 day reversal off the lows, which I would not
count on as they are very rare. If you follow the DVT Exits
last Thursday morning the SPX was 290 points below the 3490 DVT
exit. I mean one should think about it in terms of I just
saved 290 SPX points, therefore if I see a trigger on my side to go
long early, even if it's wrong just saved 290 SPX points.
another idea would be to use the SPY reversion to mean trades to
get back in. This means you would have bought in last week the
first entry and then the 2nd entry on Thursday at the lows. Now
assuming the KISS daily system goes back long today you are already
long EARLY by the SPY reversion to mean systems and can simply just
hold by the KISS if that was your style.
the point is be open, a lot of ways to skin the cat
regarding the KISS stuff -
Quick video update on SPY systems, KISS and market
Posted by matt on 28th of Sep 2020 at 02:12 pm
regarding the KISS stuff - again like I discussed in that video I made earlier today and on the weekend newsletter. I think the DVT exits are great for the SPX at getting you out and protecting you from sharp corrections. However the system in most cases needs a good move off the lows before it goes back long (unless you have one of those very rare exhaustion cases where the system can buy a 1 day reversal off the lows, which I would not count on as they are very rare. If you follow the DVT Exits last Thursday morning the SPX was 290 points below the 3490 DVT exit. I mean one should think about it in terms of I just saved 290 SPX points, therefore if I see a trigger on my side to go long early, even if it's wrong just saved 290 SPX points.
another idea would be to use the SPY reversion to mean trades to get back in. This means you would have bought in last week the first entry and then the 2nd entry on Thursday at the lows. Now assuming the KISS daily system goes back long today you are already long EARLY by the SPY reversion to mean systems and can simply just hold by the KISS if that was your style.
the point is be open, a lot of ways to skin the cat
is the kiss system ready
Posted by 609395 on 28th of Sep 2020 at 03:20 pm
is the kiss system ready for blast off?
again I would suggest you
Posted by matt on 28th of Sep 2020 at 03:22 pm
again I would suggest you watch the video from this morning and read my update below.
I'll go ahead and market it confirmed today. On the 120 min side the indicators have not all confirmed fully yet
short term though market is extended and the VIX being up today maybe get a small pullback tomorrow.