FYI the daily SPX KISS trend is going back long today!
Surprised? this is a rare entry, it's the one component of the KISS
Trend system that has a reversion to mean 'washout' component to
it, it triggers on deep washouts and on a reversal candle like we
have today. So it's kind of a mix of reversion to mean and trend
because it needs a reversal candle up along with some indicators
moving up, instead of buying at lows like the reversion to
mean.
I've attached images of when this triggered in the past: Today
so far, Mar 24th 2020, Dec 26th 2018, Mar 10th 2009
DVT stop is at the low. Again depends on what the market does:
if this is only a 4th wave, then this may end up being a wash, but
if the low is something more concrete then maybe it catches a
larger trade - who knows
I took that trade and didn't see your post or email negating it
until after 4 pm. Do you have a suggestion on how to manage that
trade now? Just sell tomorrow?
realize those are end of day, not intra day - honestly I should
have waited to email out - next time I'll wait until near close to
make sure that the condition is holding. That said, if you bought
an ETF you can simply exit after hrs or just hold and see how
tomorrow is.
KISS daily going back long!
Posted by matt on 3rd of Oct 2022 at 02:38 pm
FYI the daily SPX KISS trend is going back long today! Surprised? this is a rare entry, it's the one component of the KISS Trend system that has a reversion to mean 'washout' component to it, it triggers on deep washouts and on a reversal candle like we have today. So it's kind of a mix of reversion to mean and trend because it needs a reversal candle up along with some indicators moving up, instead of buying at lows like the reversion to mean.
I've attached images of when this triggered in the past: Today so far, Mar 24th 2020, Dec 26th 2018, Mar 10th 2009
DVT stop is at the low. Again depends on what the market does: if this is only a 4th wave, then this may end up being a wash, but if the low is something more concrete then maybe it catches a larger trade - who knows
I spoke too soon -
Posted by matt on 3rd of Oct 2022 at 04:01 pm
I spoke too soon - the daily KISS decided not to go long, it had a conversation with Steve I guess
I took that trade and
Posted by claire on 3rd of Oct 2022 at 05:08 pm
I took that trade and didn't see your post or email negating it until after 4 pm. Do you have a suggestion on how to manage that trade now? Just sell tomorrow?
realize those are end of
Posted by matt on 3rd of Oct 2022 at 05:16 pm
realize those are end of day, not intra day - honestly I should have waited to email out - next time I'll wait until near close to make sure that the condition is holding. That said, if you bought an ETF you can simply exit after hrs or just hold and see how tomorrow is.
I sold some longs and
Posted by timebandit on 3rd of Oct 2022 at 05:19 pm
I sold some longs and did some hedging near the close, in case this pullback continues in the morning. Maybe a wave B? Anyway, no biggie
Doh! (baton drops)
Posted by timebandit on 3rd of Oct 2022 at 04:39 pm
Doh! (baton drops)
lol
Posted by fredsaid on 3rd of Oct 2022 at 04:26 pm
lol
Well, maybe some of the
Posted by mastermind on 3rd of Oct 2022 at 04:03 pm
Well, maybe some of the other systems decided not to exit too, right?