Something I've discussed before but I'll bring it up again as
possible rule or something to consider regarding the Index KISS
systems
As you know the QQQ daily KISS went long a few weeks ago for a
nice entry, HOWEVER SPX did not, in fact it's looking to go long
today now - so much later.
Those of you following the index KISS systems, one thing you
might want to consider is when one of them goes long, take at least
a partial position in the other. For example instead of waiting
until now to enter the SPX KISS, why not ALSO enter a SPY or SPX
long position when the QQQ went long 3 weeks ago? The logic here is
that the indexes will move together mostly so if the QQQ was going
to up, so would SPX. Basically you take whichever one goes long
first and use that as a proxy to buy into the other one as well, or
at least a partial or 1/2 into that. Would have worked out nicely
this time
that's A's need to stay there by the close, could still
disappear.
and if price is overbought when one of those goes long, better
to try and buy a pullback using an intra day chart or one of the
smaller time frames where you get a 3 wave pullback into a
cycle.
otherwise my comments earlier about going long the SPX as well
when QQQ went long 3 weeks ago, or doing the same for QQQ if SPX
goes long first - when I looked at the past charts that seemed like
a good strategy - first come first serve to use as a proxy to enter
the other
the QQQ system went long because of an ABC condition that
triggered in the system. For whatever reason that ABC didn't
trigger on SPX then,
KISS SPX and QQQ comments about trades
Posted by matt on 31st of Mar 2023 at 02:33 pm
Something I've discussed before but I'll bring it up again as possible rule or something to consider regarding the Index KISS systems
As you know the QQQ daily KISS went long a few weeks ago for a nice entry, HOWEVER SPX did not, in fact it's looking to go long today now - so much later.
Those of you following the index KISS systems, one thing you might want to consider is when one of them goes long, take at least a partial position in the other. For example instead of waiting until now to enter the SPX KISS, why not ALSO enter a SPY or SPX long position when the QQQ went long 3 weeks ago? The logic here is that the indexes will move together mostly so if the QQQ was going to up, so would SPX. Basically you take whichever one goes long first and use that as a proxy to buy into the other one as well, or at least a partial or 1/2 into that. Would have worked out nicely this time
Market has been in a
Posted by steve on 31st of Mar 2023 at 02:56 pm
Market has been in a range - I term it a wrecking ball
any systems looking to trigger
Posted by icecoldjones on 31st of Mar 2023 at 02:58 pm
any systems looking to trigger here? been a 7-day run-up
How do you think about
Posted by patellee on 31st of Mar 2023 at 02:45 pm
How do you think about the situation where KISS goes long and an "A" shows up, like it is for SPX.
Good question. In fact I
Posted by mastermind on 31st of Mar 2023 at 02:49 pm
Good question. In fact I wouldn't be surprised to see a first entry short on one of the systems.
that's A's need to stay
Posted by matt on 31st of Mar 2023 at 02:53 pm
that's A's need to stay there by the close, could still disappear.
and if price is overbought when one of those goes long, better to try and buy a pullback using an intra day chart or one of the smaller time frames where you get a 3 wave pullback into a cycle.
otherwise my comments earlier about going long the SPX as well when QQQ went long 3 weeks ago, or doing the same for QQQ if SPX goes long first - when I looked at the past charts that seemed like a good strategy - first come first serve to use as a proxy to enter the other
the QQQ system went long because of an ABC condition that triggered in the system. For whatever reason that ABC didn't trigger on SPX then,
Risk to reward ratio on
Posted by junkie on 31st of Mar 2023 at 02:40 pm
Risk to reward ratio on S&P long now is about 1:1, given the maximum target of 4300. Thanks for the update, Matt!