not an official trade just one I said we'd track. Price is
basically back to the 1st entry. Technically there was a second
entry on the 13th which is will make a tiny bit
Bear long on ES of course staying long
you know one thing I may do for all these reversion to mean
strategies is take 1/2 off after the mean reversion occurs. On the
ES bear long from 13th, you got your reversion to mean (meaning
price back above 8 or 9 daily EMA on Friday - that would have been
a good sell 1/2. The system is holding because of the momo being
green still but in order to reduce risk I may always just by
default issue a sell 1/2 after the mean reversion is met
it's sort of complicated - basically it's reaction to a 4 color
change on the BPT MA Deluxe on the weekly time frame i.e.
red/green/red/green which signals a potential abc.
the abc's generated on the daily KISS can only occur if price is
above the 200 day MA. Price is well below that on the daily
time frames so you cannot get abc triggers by the 4 color
changes.
the weekly chart - I simply copied the daily and made it into a
weekly - by fractal rules the 200 day MA became the 200 week MA and
price is still above the 200 week MA, hence why the ABC is still
active on the weekly KISS and not the daily
that said, does it make any sense to keep that a 200 week MA? or
should it be something faster like a 50 week or 100?
Thought about cashing out of the Bear Long when I checked in
this morning...bummer. Hopefully we get some more upside to
improve the trade. Hardest part is deciding whether to act on
your own, or strictly follow the system.
RSI 40 SPY that we've been tracking is still looking to exit
Posted by matt on 18th of Jul 2022 at 03:51 pm
not an official trade just one I said we'd track. Price is basically back to the 1st entry. Technically there was a second entry on the 13th which is will make a tiny bit
Bear long on ES of course staying long
you know one thing I may do for all these reversion to mean strategies is take 1/2 off after the mean reversion occurs. On the ES bear long from 13th, you got your reversion to mean (meaning price back above 8 or 9 daily EMA on Friday - that would have been a good sell 1/2. The system is holding because of the momo being green still but in order to reduce risk I may always just by default issue a sell 1/2 after the mean reversion is met
here's the chart
Posted by matt on 18th of Jul 2022 at 05:14 pm
here's the chart
Can you explain the 260
Posted by watcdy on 18th of Jul 2022 at 05:45 pm
Can you explain the 260 & 520 numbers ?
it's just the shares: 260
Posted by matt on 18th of Jul 2022 at 05:50 pm
it's just the shares: 260 shares 1st entry, and another 260 shares for 2nd entry which is a total of 520 - TS shows the total shares there on the 2nd
Thx Matt
Posted by watcdy on 18th of Jul 2022 at 10:49 pm
Thx Matt
Matt - What does it
Posted by mitchell on 18th of Jul 2022 at 06:56 pm
Matt - What does it mean when KISS system indicates a Weekly Buy but no Daily Buy? I would expect a Daily to always precede a Weekly sign.
it's sort of complicated -
Posted by matt on 18th of Jul 2022 at 08:47 pm
it's sort of complicated - basically it's reaction to a 4 color change on the BPT MA Deluxe on the weekly time frame i.e. red/green/red/green which signals a potential abc.
the abc's generated on the daily KISS can only occur if price is above the 200 day MA. Price is well below that on the daily time frames so you cannot get abc triggers by the 4 color changes.
the weekly chart - I simply copied the daily and made it into a weekly - by fractal rules the 200 day MA became the 200 week MA and price is still above the 200 week MA, hence why the ABC is still active on the weekly KISS and not the daily
that said, does it make any sense to keep that a 200 week MA? or should it be something faster like a 50 week or 100?
Thanks for the clarification.
Posted by mitchell on 18th of Jul 2022 at 08:52 pm
Thanks for the clarification.
Thought about cashing out of
Posted by jared95 on 18th of Jul 2022 at 03:56 pm
Thought about cashing out of the Bear Long when I checked in this morning...bummer. Hopefully we get some more upside to improve the trade. Hardest part is deciding whether to act on your own, or strictly follow the system.
Yes, it is. But talk
Posted by mastermind on 18th of Jul 2022 at 04:55 pm
Yes, it is. But talk of a) trendline resistance b) a possible short entry made me more proactive in cashing in and protecting.