KISS stuff

    Posted by matt on 7th of Oct 2021 at 11:33 am

    as I discussed last night, two versions of the daily KISS settings, one showed long yesterday and I showed how the other one would likely show a long today on a move higher.  As I said last night in the video,  to me if you feel the need to be long, easy swing stop would be the higher low RS from yesterday morning. 

    here's where I discussed last night, the video starts at that exact point

    https://youtu.be/nC1Ruye_1XI?t=1031 

    Did the longer version of

    Posted by petermusic on 7th of Oct 2021 at 12:42 pm

    Did the longer version of the KISS go long on SPY today as well? Sorry if I missed that.

    what's the longer term? Weekly

    Posted by matt on 7th of Oct 2021 at 12:51 pm

    what's the longer term? Weekly has been no change it never exited, 2 day, daily long both versions long yesterday and then today

    as far as the market - realize that two viable options for the market are that a 4th wave low is in and slight new highs will be formed, or 2 a lower high wave B forms that sucks the bulls in tricks the bears to cover, then we go down yet again. My thought is at this point a stop at yesterday's higher lows on the QQQ and SPX could be swing stop areas

    longer term my concern is that the Quarterly charts will eventually need a longer consolidation to work that off - so my view that even if market makes new highs, it won't just run away, the easy money has been made from Mar lows of last year till now. Short term lows are either in we are still in this complex correction

    for me the KISS stuff, as I've stated is not a full entry and exit system - it has entries but it's best at the moment more as a tool to manage an existing position in an uptrend. Generally it's best to get your own entries off some other trigger.  I know everyone wants the perfect turn key thing but at the moment that doesn't exit and trend systems with a perfect entry and exit are extremely difficult - far more so than reversion to mean systems like the SPY. 

    anyway lots going on - earning season, etc. My thoughts if I felt like the bottom was in , my swing stop could be the higher lows I discussed in last night's video - the right shoulders on the SPX and QQQ.  If I was still nervous then I might consider waiting for more evidence, or some combination. Many factors and there is not one simple answer. 

    one thing I'll try to start doing is some targeted youtube videos where discuss these KISS charts and other triggers - will be targeted and quick - not 30 min vidoes

    Makes sense, thanks.

    Posted by petermusic on 7th of Oct 2021 at 01:19 pm

    Makes sense, thanks.

    Any change on the 2

    Posted by bulf6285 on 7th of Oct 2021 at 11:43 am

    Any change on the 2 Day?



    2 day is long

    Posted by matt on 7th of Oct 2021 at 11:45 am

    2 day is long

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