I mocked up the daily QQQ KISS for the last 3 entries to show
the last 3 entries and the % away the entry was from the initial
stop, as well as what triggered the trade (no washout triggers only
ABC and ATR confirmation trades)
The first long back in March of last year was entered via the
ABC 3-wave pullback logic. The initial stop was 4.6% from entry,
but again that was the swing low so make sense via a daily time
frame for hte stop to be there
the long from Oct 31st last year same thing, entered via the 3
wave ABC logic, and that entry was only 2.4% above the stop, quite
tight
the whipsaw trade in Aug/Sept was entered via the ATR
confirmation break, remember the stops tend to much wider on those
per my discussion before, the stop was 5.9% from entry. I
don't think that's what caused that to be a losing trade, it's a
trending system, and the way markets trend you very rarely get 2
back to back trending moves, generally after a trending move you
get a consolidation or whipsaw.
again you can read my discussion from earlier
Daily charts are going to have wider stops because things like
the previous swing lows are used. The KISS system ran on something
like a 130 min chart smaller time frame is obviously going to have
a might tigher stop, just common sense.
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I mocked up the daily
I'm struggling to find the right entry point for KISS ...
Posted by matt on 12th of Mar 2024 at 04:18 pm
I mocked up the daily QQQ KISS for the last 3 entries to show the last 3 entries and the % away the entry was from the initial stop, as well as what triggered the trade (no washout triggers only ABC and ATR confirmation trades)
The first long back in March of last year was entered via the ABC 3-wave pullback logic. The initial stop was 4.6% from entry, but again that was the swing low so make sense via a daily time frame for hte stop to be there
the long from Oct 31st last year same thing, entered via the 3 wave ABC logic, and that entry was only 2.4% above the stop, quite tight
the whipsaw trade in Aug/Sept was entered via the ATR confirmation break, remember the stops tend to much wider on those per my discussion before, the stop was 5.9% from entry. I don't think that's what caused that to be a losing trade, it's a trending system, and the way markets trend you very rarely get 2 back to back trending moves, generally after a trending move you get a consolidation or whipsaw.
again you can read my discussion from earlier
Daily charts are going to have wider stops because things like the previous swing lows are used. The KISS system ran on something like a 130 min chart smaller time frame is obviously going to have a might tigher stop, just common sense.