This work by Matt and James on the KISS chart and tables is
really great as many have already indicated.
My thoughts on the KISS charts is that the daily entry signals
are too late for me (my trading psyche possibly). On the mechanics
of the trade, there are times when the stops (STS) trigger and then
price closes back above that trigger. I'm thinking that it may be
difficult to get stopped out on an ETF or stock and check again
later to see if it went back above to get back in on the same day
(I think the KISS charts appeal to those who want to set the stop
and forget it). I can see getting an alert or checking the website
table and taking 401K type action at the close though (although
distance between stop and close could be pretty wide in a fast
moving market).
Matt has indicated in the past that the reversion to mean
systems could be a way to get into a position early and then get a
confirmation from the daily KISS chart eventually then use the
stops? I'm wondering if the KISS system can be applied to an hourly
chart or some other smaller timeframe in order to get in and then
get daily confirmation. Could the shorter term timeframe be added
to the table along with the daily KISS chart?
Thanks again for all that you guys do!
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This work by Matt and
Posted by cozz101 on 27th of Nov 2022 at 09:45 am
This work by Matt and James on the KISS chart and tables is really great as many have already indicated.
My thoughts on the KISS charts is that the daily entry signals are too late for me (my trading psyche possibly). On the mechanics of the trade, there are times when the stops (STS) trigger and then price closes back above that trigger. I'm thinking that it may be difficult to get stopped out on an ETF or stock and check again later to see if it went back above to get back in on the same day (I think the KISS charts appeal to those who want to set the stop and forget it). I can see getting an alert or checking the website table and taking 401K type action at the close though (although distance between stop and close could be pretty wide in a fast moving market).
Matt has indicated in the past that the reversion to mean systems could be a way to get into a position early and then get a confirmation from the daily KISS chart eventually then use the stops? I'm wondering if the KISS system can be applied to an hourly chart or some other smaller timeframe in order to get in and then get daily confirmation. Could the shorter term timeframe be added to the table along with the daily KISS chart?
Thanks again for all that you guys do!