Remember my official daily SPX KISS never stopped out, I use the
1st DVT if there's only 2 of them. There's a new DVT that
showed up today (3rd one) therefore since there's 3 now, that
because the new one.
As far as the other indicators on those charts nothing new, it's
a positive to see price following through more over the ATR, but
really no changes
Matt- I find this confusing too. What I care most
about is that I replicate the system results posted here
https://breakpointtrades.com/current_dvts. You have
stated in the past that the system statistics are based on always
stopping out at the DVT, regardless of how many DVTs there are.
I noticed that you have not updated that page to show
the DVT stop out on Oct 28th. Will you be updating the
stats to reflect that stop? If so, what price are you using
as the re-entry? If not, are the system statistics
using a consistent methodology all the way back to the start of the
stats in 2006? Thanks.
again I stated that I will make sure all that is 100% crystal
clear in the future.
that said, that DVT rule is NOT new. Those statistics were built
using that rule 3 months ago, it's not something new I just pulled
out of my ass, the rules are consistent and nothing brand new. I've
also discussed it 20 times more more in the my newsletters over the
past couple months and numerous times here. Now obviously I
should have made it much clearer and that's something I will do in
the future. I'll even shoot a new video and discuss all these
things as the video in that section is from back in July I think,
so I'll update that.
that said in the future I will make sure that any written
statements are 100% clear vs ambiguous. Also that rule of 2 DVT's,
okay for simplicity let's assume that rule didn't exist and the 2nd
DVT was the official one which was hit. Well, today the daily
system would have went back long today anyway because price
confirmed over the ATR. Yesterday the 120 min confirmed over the
ATR and 60 Stochastic over 50%, much better prices. That said, one
looking to get back in now, my thought is the market is quite
stretched, I'd probably enter on a pullback that works some of this
off and shift to my 60 min, 30, 15 min time frames for a trigger,
that's just me. The point is even if you throw out that 2 DVT rule,
the daily would be back long so if you are following that you would
look to be back long, but maybe wait for a pullback now since
things are stretched. I'm not a financial adviser, you make your
own decisions.
Also the KISS is really a methodology, it's NOT like the SPY
systems that are 100% set. I think of the KISS more as a mythology,
a universal set of indicators and rules that can be used on almost
any instrument, that are not curve fit to anything. It's also not
something that I consider even close to complete. Trend following
systems, their enemy is chop. This is something I plan to be
working on for quite some time, adding more rules and filters over
time. I send out email alerts and SMS messages when the SPY
systems take trades because they are 100% set. I don't do that with
the KISS stuff because I consider it a very power tool but not
something I feel is 100% complete for that. That's why I show the
charts and you use them or not.
honestly it's my own fault for even putting those statistics up
because then you guys only want to use that instead of using using
it as a guide and using your own charts and tools. Maybe we should
go back to that and just display the the charts with DVT prices and
you can use them as guides. Also I have guys who write me telling
me they want even less signals and like the weekly, so maybe I'll
start posting that too.
Posted by moshark99 on 5th of Nov 2020 at 02:54 pm
Ok now Im totally confused, The SPY 3300 Kiss stopped out and I
have been waiting for a reentry signal. Are you saying we can now
get back in SPY if we are following the KISS system?....Thanks
I've told you guys so many times, when there are 2 DVT's only on
the daily I use the 1st one. Covered that in many blog posts,
newsletters etc. The 3300 was not the offical DVT I use because
there were only 2 of them, so I sue the first. I've mentioned and
shown many examples where in the past I've found when there are
only 2 DVT's using the 1st one filtered out a lot of whipsaws.
that's stats on that table in that section use that rule,
have had that table for 2 or 3 months it's not new
As Steve and I stated, trade your plan, some folks used the
higher one, some chose to use the official 1st one, some used the
120 min and got out way earlier. Again plenty of people were
scared of the market and chose not to use the 1st one as far as
re-entering I know some entered on the 120 min which confirmed
yesterday. Some were long already from the SPY systems and could
just hold that. The daily was already long. Technically
if
I've posted these examples and discussed this for well over a
month that condition
Matt, it would help if you are specific with your DVTS and use
numbers instead of first one, higher one, esp for new members
; i think that will def help with confusion w lingo
Posted by moshark99 on 5th of Nov 2020 at 03:25 pm
As a new guy to your site I would find it very helpful if you
label the official DVT (or simple for us dummies) to help identify
it from the other more advanced trades, it would avoid a lot of
confusion at least for me.....Thanks
one change I added as a visual was now when there's two DVT's
the 1st one and second one show up as different colors to let you
know that we have that situation to use the wider one, after that
they go back to white
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Daily Kiss...Matt & Steve thanks
Posted by 609395 on 5th of Nov 2020 at 01:55 pm
Daily Kiss...Matt & Steve thanks for keeping us updated. Has anything changed on the daily SPX from last nights newsletter?
Remember my official daily SPX
Posted by matt on 5th of Nov 2020 at 02:22 pm
Remember my official daily SPX KISS never stopped out, I use the 1st DVT if there's only 2 of them. There's a new DVT that showed up today (3rd one) therefore since there's 3 now, that because the new one.
As far as the other indicators on those charts nothing new, it's a positive to see price following through more over the ATR, but really no changes
Matt- I find this confusing
Posted by z0ned on 5th of Nov 2020 at 07:57 pm
Matt- I find this confusing too. What I care most about is that I replicate the system results posted here https://breakpointtrades.com/current_dvts. You have stated in the past that the system statistics are based on always stopping out at the DVT, regardless of how many DVTs there are. I noticed that you have not updated that page to show the DVT stop out on Oct 28th. Will you be updating the stats to reflect that stop? If so, what price are you using as the re-entry? If not, are the system statistics using a consistent methodology all the way back to the start of the stats in 2006? Thanks.
again I stated that I
Posted by matt on 6th of Nov 2020 at 01:08 am
again I stated that I will make sure all that is 100% crystal clear in the future.
that said, that DVT rule is NOT new. Those statistics were built using that rule 3 months ago, it's not something new I just pulled out of my ass, the rules are consistent and nothing brand new. I've also discussed it 20 times more more in the my newsletters over the past couple months and numerous times here. Now obviously I should have made it much clearer and that's something I will do in the future. I'll even shoot a new video and discuss all these things as the video in that section is from back in July I think, so I'll update that.
that said in the future I will make sure that any written statements are 100% clear vs ambiguous. Also that rule of 2 DVT's, okay for simplicity let's assume that rule didn't exist and the 2nd DVT was the official one which was hit. Well, today the daily system would have went back long today anyway because price confirmed over the ATR. Yesterday the 120 min confirmed over the ATR and 60 Stochastic over 50%, much better prices. That said, one looking to get back in now, my thought is the market is quite stretched, I'd probably enter on a pullback that works some of this off and shift to my 60 min, 30, 15 min time frames for a trigger, that's just me. The point is even if you throw out that 2 DVT rule, the daily would be back long so if you are following that you would look to be back long, but maybe wait for a pullback now since things are stretched. I'm not a financial adviser, you make your own decisions.
Also the KISS is really a methodology, it's NOT like the SPY systems that are 100% set. I think of the KISS more as a mythology, a universal set of indicators and rules that can be used on almost any instrument, that are not curve fit to anything. It's also not something that I consider even close to complete. Trend following systems, their enemy is chop. This is something I plan to be working on for quite some time, adding more rules and filters over time. I send out email alerts and SMS messages when the SPY systems take trades because they are 100% set. I don't do that with the KISS stuff because I consider it a very power tool but not something I feel is 100% complete for that. That's why I show the charts and you use them or not.
honestly it's my own fault for even putting those statistics up because then you guys only want to use that instead of using using it as a guide and using your own charts and tools. Maybe we should go back to that and just display the the charts with DVT prices and you can use them as guides. Also I have guys who write me telling me they want even less signals and like the weekly, so maybe I'll start posting that too.
Ok now Im totally confused,
Posted by moshark99 on 5th of Nov 2020 at 02:54 pm
Ok now Im totally confused, The SPY 3300 Kiss stopped out and I have been waiting for a reentry signal. Are you saying we can now get back in SPY if we are following the KISS system?....Thanks
I've told you guys so
Posted by matt on 5th of Nov 2020 at 03:08 pm
I've told you guys so many times, when there are 2 DVT's only on the daily I use the 1st one. Covered that in many blog posts, newsletters etc. The 3300 was not the offical DVT I use because there were only 2 of them, so I sue the first. I've mentioned and shown many examples where in the past I've found when there are only 2 DVT's using the 1st one filtered out a lot of whipsaws. that's stats on that table in that section use that rule, have had that table for 2 or 3 months it's not new
As Steve and I stated, trade your plan, some folks used the higher one, some chose to use the official 1st one, some used the 120 min and got out way earlier. Again plenty of people were scared of the market and chose not to use the 1st one as far as re-entering I know some entered on the 120 min which confirmed yesterday. Some were long already from the SPY systems and could just hold that. The daily was already long. Technically if
I've posted these examples and discussed this for well over a month that condition
here's a post of those stats, those use the 1st DVT when there's only 2 of them
https://breakpointtrades.com/blog/post/331426/
and another post where I discuss it
https://breakpointtrades.com/blog/post/332376/
Matt, it would help if
Posted by imelhoe on 5th of Nov 2020 at 03:22 pm
Matt, it would help if you are specific with your DVTS and use numbers instead of first one, higher one, esp for new members ; i think that will def help with confusion w lingo
I agree, I will make
Posted by matt on 6th of Nov 2020 at 12:59 am
I agree, I will make sure to have that 100% crystal clear in the future. the way I had it written was ambiguous.
Also I should probably make a new video for the KISS so that I can go into all that more etc
As a new guy to
Posted by moshark99 on 5th of Nov 2020 at 03:25 pm
As a new guy to your site I would find it very helpful if you label the official DVT (or simple for us dummies) to help identify it from the other more advanced trades, it would avoid a lot of confusion at least for me.....Thanks
one change I added as
Posted by matt on 5th of Nov 2020 at 02:44 pm
one change I added as a visual was now when there's two DVT's the 1st one and second one show up as different colors to let you know that we have that situation to use the wider one, after that they go back to white