I received this logical question
from one of you about the KISS STS tables and I answered it.
However, I'm reposting it here as some of you may have had the same
or similar questions
Hey Matt, I hope you and you’re
family are well.
I am wondering if a new STS could be viewed as a signal for a
new entry?
I appreciate your efforts.
Jonathan
----------------
Hey Jonathan, so you are referring
to a situation where the KISS system has been long already for a
while and there's a new STS?
Yes and no, it's always trickier to
enter into a trend that has already been going on. Some things I
would look at are, what % away is price from the STS, if it's like
15% or more that's pretty wide and riskier. I would suggest
looking at the stock in your own charts, look at the daily, look at
a 60 min, 2hr, maybe 15 min, and see if it makes sense, if there's
some sort of pattern, or maybe a tigher stop you could employ
over the STS such as just below trendline, or MA, or higher low
something like that also, I'm not sure if you were aware, but you
can sort the STS % away from price from the tables - you can sort
any of the tables by clicking on the header columns.
I know personally some guys will
sort this and find ones where price is VERY close to the STS
such as 1% away, their feeling is that the stop is tight, if it
gets hit not big deal, and if not they have a good risk reward.
Still however I would always suggest having a look at the stock in
you charts like I said above. here's as short I did from the
S&P 500 stock lists, you can see a big list of ones that are
extremely close to their STS
Question about KISS STS tables and my answer
Posted by matt on 9th of Apr 2024 at 10:33 am
I received this logical question from one of you about the KISS STS tables and I answered it. However, I'm reposting it here as some of you may have had the same or similar questions
I am wondering if a new STS could be viewed as a signal for a new entry?
I appreciate your efforts.
Jonathan
Good answer!
Posted by brophy on 9th of Apr 2024 at 10:56 am
Good answer!