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?
Can you explain the 260
RSI 40 SPY that we've been tracking is still looking to exit
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.