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
was just a genuine question
KISS. are the daily and 2 day back long? hard ...
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.