it's won't be doing anything yesterday there was probably a
perfect alignment of the indicators that for a time intra day all
lined up but then went away and now can't setup again because we
are not oversold anymore - that washout trade only occurred 4 times
in history, so odds almost never favor it triggering. More than
likely it will only trigger after the market is well off the lows
after confirming an uptrend
we are in bear market best to play the reversion to mean systems
and other setups vs worrying about that daily or weekly KISS long
only going back long
Posted by bpozdoll1717 on 4th of Oct 2022 at 04:36 pm
Thanks for the detailed answer about KISS. Appreciate it.
Also good to know about the CCI systems. I kind of
ignored them because I didn’t understand or follow but I won’t next
time.
any possible short SPY System
Posted by pep8261 on 4th of Oct 2022 at 03:31 pm
any possible short SPY System trades setting up or is it too early?
no but one of the
Posted by matt on 4th of Oct 2022 at 04:02 pm
no but one of the ES systems may take a 1st entry
What about the KISS system?
Posted by bpozdoll1717 on 4th of Oct 2022 at 04:10 pm
What about the KISS system?
it's won't be doing anything
Posted by matt on 4th of Oct 2022 at 04:14 pm
it's won't be doing anything yesterday there was probably a perfect alignment of the indicators that for a time intra day all lined up but then went away and now can't setup again because we are not oversold anymore - that washout trade only occurred 4 times in history, so odds almost never favor it triggering. More than likely it will only trigger after the market is well off the lows after confirming an uptrend
we are in bear market best to play the reversion to mean systems and other setups vs worrying about that daily or weekly KISS long only going back long
ok i too appreciate the
Posted by morton7 on 4th of Oct 2022 at 04:53 pm
ok i too appreciate the detailed answer. wife keeps bugging me - when can we invest our 401k cash? answer: not until Matt says so!
That’s funny
Posted by bpozdoll1717 on 4th of Oct 2022 at 05:14 pm
That’s funny
Thanks for the detailed answer
Posted by bpozdoll1717 on 4th of Oct 2022 at 04:36 pm
Thanks for the detailed answer about KISS. Appreciate it. Also good to know about the CCI systems. I kind of ignored them because I didn’t understand or follow but I won’t next time.
they are discussed in a
Posted by matt on 4th of Oct 2022 at 04:37 pm
they are discussed in a newsletter in the Education section with tons of examples - here you go
https://breakpointtrades.com/education/legacy/?nl_id=3283