guys, I commented on this before, the KISS stuff is best used as
a trailing stop like thing to manage positions that you are already
in. While it tries it's best to get back in at decent prices, I
think it's best to enter back into markets with your own triggers
like some MACD or RSI divergence, some pattern, maybe one of the
SPY systems and then if the KISS goes back long you while the SPY
system is still long you hand off the baton to that etc.
it's like of like you get into a stock and it begins trending up
- then you use a trailing stop to manage it after it's started to
trend. I've said that at times those 2 day and esp weekly
will be late to get back in. I still plan to make a video of
some of the triggers I look for, but at this point the KISS is best
for managing something that is already trending vs the actual entry
getting back in. Also if I was using the weekly or 2 day, I would
not use those to get back in, I'd use a faster KISS like the
daily.
sorry for what might seem like a curt reply to your question, I
didn't mean it to come across that way so I apologize, and also
realize that right in the morning I'm slammed and I'm in a hurry,
those questions are best asked after hrs or mid day when things are
slower. I also get inundated by questions about KISS entries, how
do I get back in etc so at times I feel like I'm replying to the
same questions all the time. also the DVT table in the emails
shows what the status is - does not show longs on 2 day
the reason I don't have a table for entries and exits anymore is
because many months ago I came to the conclusion that it's not a
full system at this time for both entries and exits, it's best used
for managing an existing long and best, most of the time, if one
gets out by the DVT, to use their own triggers to get back in.
Eventually I'll probably be able to make it a full system but at
this time it is now. The KISS system does have some good
re-entries at times the ABC entries, the oversold entries etc, but
other times it's kind of late for my taste IMO. That's why I think
at this time anyone folks should view it more as a position
management tool, and try to look for their own triggers to get back
in: some ideas: the SPY systems, 1st or 2nd entries are high
probability and if you go back long via the SPY systems and they
hold long enough that the KISS also kicks back long, well you can
just decide to hold now by the KISS instead of exiting when the SPY
systems do. Also for a complete system, I think really two
systems are needed, a system ONLY for re-entries, and one for the
DVT trailing stops separately, vs all in one.
Be open to looking for traditional patterns like falling wedges,
ABC patterns, I like to also use my 60 Stochastic and the 50% area
on multiple time frames, trendlines etc.
I still have on my agenda to do a Youtube video about all
this
KISS. are the daily and
Posted by jonesy85 on 1st of Oct 2021 at 09:20 am
KISS. are the daily and 2 day back long? hard to read those charts. Miss the Xcel with the in and out dates!
guys, I commented on this
Posted by matt on 1st of Oct 2021 at 09:30 am
guys, I commented on this before, the KISS stuff is best used as a trailing stop like thing to manage positions that you are already in. While it tries it's best to get back in at decent prices, I think it's best to enter back into markets with your own triggers like some MACD or RSI divergence, some pattern, maybe one of the SPY systems and then if the KISS goes back long you while the SPY system is still long you hand off the baton to that etc.
it's like of like you get into a stock and it begins trending up - then you use a trailing stop to manage it after it's started to trend. I've said that at times those 2 day and esp weekly will be late to get back in. I still plan to make a video of some of the triggers I look for, but at this point the KISS is best for managing something that is already trending vs the actual entry getting back in. Also if I was using the weekly or 2 day, I would not use those to get back in, I'd use a faster KISS like the daily.
was just a genuine question
Posted by jonesy85 on 1st of Oct 2021 at 09:40 am
was just a genuine question if they had triggered long, Im guessing by this answer no they have not.
jonesy8585 - sorry for what might
Posted by matt on 1st of Oct 2021 at 10:05 am
jonesy8585 -
sorry for what might seem like a curt reply to your question, I didn't mean it to come across that way so I apologize, and also realize that right in the morning I'm slammed and I'm in a hurry, those questions are best asked after hrs or mid day when things are slower. I also get inundated by questions about KISS entries, how do I get back in etc so at times I feel like I'm replying to the same questions all the time. also the DVT table in the emails shows what the status is - does not show longs on 2 day
the reason I don't have a table for entries and exits anymore is because many months ago I came to the conclusion that it's not a full system at this time for both entries and exits, it's best used for managing an existing long and best, most of the time, if one gets out by the DVT, to use their own triggers to get back in. Eventually I'll probably be able to make it a full system but at this time it is now. The KISS system does have some good re-entries at times the ABC entries, the oversold entries etc, but other times it's kind of late for my taste IMO. That's why I think at this time anyone folks should view it more as a position management tool, and try to look for their own triggers to get back in: some ideas: the SPY systems, 1st or 2nd entries are high probability and if you go back long via the SPY systems and they hold long enough that the KISS also kicks back long, well you can just decide to hold now by the KISS instead of exiting when the SPY systems do. Also for a complete system, I think really two systems are needed, a system ONLY for re-entries, and one for the DVT trailing stops separately, vs all in one.
Be open to looking for traditional patterns like falling wedges, ABC patterns, I like to also use my 60 Stochastic and the 50% area on multiple time frames, trendlines etc.
I still have on my agenda to do a Youtube video about all this
anyway back to trading
Thanks for the response Matt,
Posted by jonesy85 on 1st of Oct 2021 at 10:55 am
Thanks for the response Matt, all good. Im sure BPT members would all agree this will be a great system once its completed!! cheers.