On the SPY  kiss system

    Posted by signal46 on 14th of Nov 2020 at 01:51 pm

    On the SPY  kiss system the chart for the play has four Davy's 3209 , 3304. 3234 and 3308 but on the too of the page you have dvt 3230. Why?

    Also I am playing the QQQ KISS. On that system you have DVT' 260.1. 274.3. AND 276.4.

    WHICH OF THE DVT'S ARE WE SUPPOSED TO USE? ALSO ON TOP OF THAT PAGE FOR THE QQQ'S THERE IS NO DVT POSTED.

    AN EXPLANATION TO US ALL WOULD BE GREAT. THANKS!

    That's SPY dude not SPX,

    Posted by matt on 14th of Nov 2020 at 02:48 pm

    That's SPY dude not SPX, DVT prices are not going to be the same. Use whatever DVT's fit your style, weekly, daily, 120 min etc.  The KISS stuff is more of a guide at this point vs a full system. There will be times when it's more clear, and other times when things are muddy and open to determination.  Off hand I would say use the 1st still DVT at 3234 as this past example, which I've shown before, notice the 2 DVT rule, in July that 1st DVT at 1620 kept you in the trade (though the abc line triggered early there in Sept to get you back in anyway.  Then you had 2 more DVT's 1627 and 1664 and using the 1st at 1627 you stayed in. 

    So we have a similar situation now, the 2 DVT's 3209 and 3304 using the 3209 kept you in. The rule I used there in the past was to treat the two DVT's in white as new ones so so in that case 3234.  Again that's a rule here that I have not decided on. So again use whatever fits you. I have folks who want to make very little changes to 401K stuff, so in that case use the weekly.  Or the daily use the wider one, or if you want something tighter use that 3308 one, or even 120 min one. You can always get back in.   For me personally I won't give a stop room to that 3234, too wide for me, I prefer to get out earlier and then just buy back, I like the 120 min more myself or some other charts. Honestly I hope the market is up some on Monday as I may lighten up there on my SSO and hopefully add it back on that abc pullback scenario if we get it, that's me.

    the KISS stuff is not the SPY systems,  the SPY systems are mathematically programmed with 100% set rules, there's no ambiguity there.  The KISS systems are NOT programmed as a system, it's an indicator that is in development with a set of rules that I've made it clear I have not decided upon them all yet.  

    again it's my fault for getting exciting and putting out some preliminary stats because then folks get in that mindset of I want to be told 100% what to do.  That's fine, the SPY system do that, the KISS stuff is more of a I'd say 75% system right now.  

    Again I think I jumped the gun by putting some preliminary stats out there and getting folks too excited. And then I get a bunch of flack and heat for sharing what I think is an amazing tool, the KISS stuff. Maybe it's best to just take it back like I had it, show the KISS charts, treat them as indicators that you use or don't use or use some combination of stuff with. 

    also regarding the QQQ, this is a good example, it's not long theoretically, price never confirmed back over the ATR indicator. That said again you can see a clear example here of where maybe one could have given a wider stop there based on other charts to just just stay long like using that 1st DVT. Or bought back in early based on the 120 min confirmation.  

    anyway the daily DVT did not trigger back long on QQQ, it's waiting on price to confirm over the ATR, but that's only going to happen at new highs. To me the BPT MA ribbons are bullishly stacked now and the BPT MA deluxe is red. My thought there would be to buy a pullback like an abc pullback where we see a buy cycle as well on a 120 min to and go back long there vs waiting for price to go all the way over the highs to confirm. Also that brings up a rule that I may investigate adding to the DVT logical and seeing how it behaved in the past - where if price is above the ATR for X number of bars and price is above the 50 and 200 day MA's and the BPT MA and ribbons are bullishly stacked, buy a pullback vs waiting for that price to confirm over the ATR. That's a good example of additional logical I should try to investigate and add.  Right now the DVT's for new long entries are triggered in 3 ways:  1. price confirmation over the ATR (confirmation means you need a close above the ATR and a subsequent candle that closes over that first candle's high). 2. an Exhaustion washout condition (which I mentioned is rare), 3. an abc pullback based on a 4 color change to the BPT MA Deluxe.  I would like to add additional rules like a 4th and 5th rule etc. 

    the QQQ chart is a good example of why I say use as  guide be open to things.  The QQQ DVT did not trigger back long, it will take a close above the highs to generate a new DVT, but instead be open to entering earlier maybe on a pullback here if we get one early next week if for example price pulls back closer to the daily ATR and I see a clear ABC pullback on the intra day charts and a cycle on the 195 min and 120 min.

    anyway long winded examples but hopefully some of that makes sense. I feel like I'm always being hounded about the exact rules etc, as I demonstrate we should leave some things open to interpretation at times. Other times the rules are very clear like when we have the exhaustion long, ABC etc.  

    on a side note looks

    Posted by matt on 14th of Nov 2020 at 02:49 pm

    on a side note looks like a sell cycle could trigger at any time on the daily SPX and QQQ, the indicator has turned and just needs a candle confirmation

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