Unless markets reacts to some news in a negative manner and
stays with it, how can we sell off? We shrugged off high CPI/PPI
and rate cuts have been postponed and we still rallied. Financials
are making new highs too. Maybe we wont see selling until rate cuts
start.
yeah I mean the wave structure supported another move higher
wave 4, we had 3 waves down only. You need to see a break in market
structure which we have not had to end the trend at hand
I just don't like the notion of the market can't do down and is
only going to go up because of yada yada because it causes
complacency, people check out, don't set stops, get fat like pigs
who get slaughtered later on, then of course have no stops or plan
when things do change, and they always eventually do.
again just keep it simple, stick to your discipline, follow the
trend, follow the market structure, and adhere to your plan, the
plan can't be I don't need a plan because things will always go
up
Rule 2: Check at least 2 or 3 years back to see how the STS KISS
system worked on that equity, for instance, GDX doesnt work, EBAY
was indicated as long today with STS, but its a dog too, see
chart.
Rule 3, check when earning is. If too close, its a
gamble, I prefer not to gamble, EBAY earning is Feb 27th
Rule 4. There will be a vertical dashed line put on the
chart, but not the same day a long is issued, probably the next
day.
Rule 5. A light blue line will be placed on the chart at
the termination of the trade, which will always be a stop out,
Upward slope means it was a profit, downward slope means it was a
loss.
Rule 6: The high performance STS is not yet active. It
will operate on multiple intraday time-frames, allowing trades to
close during the day.
Rule 7: email alerts are sent out after close of market, most
Symbols will not be buyable that day as market is closed.
Strategy is to buy at market open, unless something bat sheet crazy
is occurring.
Rule 8: Me loves a bull market, who doesn't? Only Tim
Knight the Bear.
That means that it went long, LOL. It doesn't appear
immediately, nto sure if Matt has to put it in manually, or if
automatic but delayed into the next day. A's mean
amateur hour.
Posted by DigiNomad on 22nd of Feb 2024 at 01:41 pm
I have the A's on my charts. I was starting to get my ass handed
to me using it to spot tops...until I started looking for A's at
tops to tip me off to look for continuation moves.
Posted by DigiNomad on 22nd of Feb 2024 at 01:14 pm
You could make an argument that that plan works perfectly well
through history as long as you have the Fed and congress inflating
every asset on earth. It's the other side, the academic side
that assumes someday the Gov will have to stop inflating everything
to get out of bit of trouble we find ourselves in, that is really
taking fire. People literally cheer asset price inflation
because they are clueless to the effect on their purchasing
power....so why would the Fed and Congress change course?
They probably won't. If they don't change course, you
can buy and watch the asset inflation simply play out.
Since this is a TA forum....here's the chart that supports
the above thesis
Posted by DigiNomad on 22nd of Feb 2024 at 01:24 pm
Who is the probably the largest customer for each of the Mag 6
(and TSLA)? The Fed Gov...and it's probably not close to their
second largest customer. CHIPS act just threw lighter fluid
on the fire.
Break in structure needs a trigger ( usually some event
related)... I meant the same thing as you maybe it wasn't clear .
Trend is up and we ride it until it changes. No one can time the
top. That said historically bull markets win (not saying we should
be ignorant/complacent)...
To Matt or Steve is
Posted by rbreese on 22nd of Feb 2024 at 12:01 pm
To Matt or Steve is there a chance that we have new highs on SPY and DIA too this could be a wave 5 high?
Currently still in buy the
Posted by steve on 22nd of Feb 2024 at 12:13 pm
Currently still in buy the dips mode maybe next week we see a change of structure
Unless markets reacts to some
Posted by arun on 22nd of Feb 2024 at 12:17 pm
Unless markets reacts to some news in a negative manner and stays with it, how can we sell off? We shrugged off high CPI/PPI and rate cuts have been postponed and we still rallied. Financials are making new highs too. Maybe we wont see selling until rate cuts start.
https://x.com/saxena_puru/status/1757557761796182455?s=20
x.com
yeah I mean the wave
Posted by matt on 22nd of Feb 2024 at 12:23 pm
yeah I mean the wave structure supported another move higher wave 4, we had 3 waves down only. You need to see a break in market structure which we have not had to end the trend at hand
I just don't like the notion of the market can't do down and is only going to go up because of yada yada because it causes complacency, people check out, don't set stops, get fat like pigs who get slaughtered later on, then of course have no stops or plan when things do change, and they always eventually do.
again just keep it simple, stick to your discipline, follow the trend, follow the market structure, and adhere to your plan, the plan can't be I don't need a plan because things will always go up
Matt on the KISS EBAY
Posted by srusso1 on 22nd of Feb 2024 at 01:20 pm
Matt on the KISS EBAY went long what dose the vertical dotted line mean?
EBAY maybe not so bad
Posted by timebandit on 22nd of Feb 2024 at 02:34 pm
EBAY maybe not so bad this time. At least got a pop
Here are the rules of
Posted by steveo on 22nd of Feb 2024 at 01:41 pm
Here are the rules of KISS STS to live by
Rule 1: There is no KISS system (Tyler Durden)
Rule 2: Check at least 2 or 3 years back to see how the STS KISS system worked on that equity, for instance, GDX doesnt work, EBAY was indicated as long today with STS, but its a dog too, see chart.
Rule 3, check when earning is. If too close, its a gamble, I prefer not to gamble, EBAY earning is Feb 27th
Rule 4. There will be a vertical dashed line put on the chart, but not the same day a long is issued, probably the next day.
Rule 5. A light blue line will be placed on the chart at the termination of the trade, which will always be a stop out, Upward slope means it was a profit, downward slope means it was a loss.
Rule 6: The high performance STS is not yet active. It will operate on multiple intraday time-frames, allowing trades to close during the day.
Rule 7: email alerts are sent out after close of market, most Symbols will not be buyable that day as market is closed. Strategy is to buy at market open, unless something bat sheet crazy is occurring.
Rule 8: Me loves a bull market, who doesn't? Only Tim Knight the Bear.
OK Thanks for the rules
Posted by srusso1 on 22nd of Feb 2024 at 01:52 pm
OK Thanks for the rules to live BY.
That means that it went
Posted by steveo on 22nd of Feb 2024 at 01:39 pm
That means that it went long, LOL. It doesn't appear immediately, nto sure if Matt has to put it in manually, or if automatic but delayed into the next day. A's mean amateur hour.
I have the A's on
Posted by DigiNomad on 22nd of Feb 2024 at 01:41 pm
I have the A's on my charts. I was starting to get my ass handed to me using it to spot tops...until I started looking for A's at tops to tip me off to look for continuation moves.
You could make an argument
Posted by DigiNomad on 22nd of Feb 2024 at 01:14 pm
You could make an argument that that plan works perfectly well through history as long as you have the Fed and congress inflating every asset on earth. It's the other side, the academic side that assumes someday the Gov will have to stop inflating everything to get out of bit of trouble we find ourselves in, that is really taking fire. People literally cheer asset price inflation because they are clueless to the effect on their purchasing power....so why would the Fed and Congress change course? They probably won't. If they don't change course, you can buy and watch the asset inflation simply play out.
Since this is a TA forum....here's the chart that supports the above thesis
Who is the probably the
Posted by DigiNomad on 22nd of Feb 2024 at 01:24 pm
Who is the probably the largest customer for each of the Mag 6 (and TSLA)? The Fed Gov...and it's probably not close to their second largest customer. CHIPS act just threw lighter fluid on the fire.
Break in structure needs a
Posted by arun on 22nd of Feb 2024 at 12:30 pm
Break in structure needs a trigger ( usually some event related)... I meant the same thing as you maybe it wasn't clear . Trend is up and we ride it until it changes. No one can time the top. That said historically bull markets win (not saying we should be ignorant/complacent)...
Matt Thanks.
Posted by rbreese on 22nd of Feb 2024 at 12:28 pm
Matt Thanks.
I don't see one yet
Posted by matt on 22nd of Feb 2024 at 12:12 pm
I don't see one yet but it may show up later.