Posted by eddiegold on 23rd of Jul 2024 at 01:41 pm
Hi Matt,
Thanks for the detailed response (and Steve's too). The
link for the private message did not work (but would be happy to
talk anytime) so I will try and clarify my question:
- I did not enter any VIX trade, I just wanted to understand the
signal. I do use the KISS systems and I take the SPY reversion
trades regularly.
- It is my understanding that SPX/VIX usually move counter to
each other. Hence, me saying "VIX system says up which should mean
spy down". Steve commented in a different thread that that was
wrong and the the signal is actually SPX up. So my
clarification question is actually two fold:
1. Was the alert (when it was sent) a LONG VIX alert?
2. Am I correct that a LONG VIX means short SPX and vice
versa?
Thanks guys and thank you for your great mechanical systems!
p.s. (unrelated) I still do not understand how you draw a demand
zone. "Demand zones are formed by a break of structure and revert
to back to the origin". I saw it appearing in several newsletters
but I still do not get it. i.e. I can figure the BOS (mostly)
but I do not understand the revert to origin part.
Eddie - it was a not a long VIX alert (it was a SPX long alert
based upon the VIX moving DOWN below it's upper BB). Kind of
confusing on the surface but make sure you listen to the Newsletter
as this was discussed.
Hi Matt, Thanks for the detailed
Hi Matt/Steve,A question about the KISS,Vix,SPY systems.How can we reconcile ...
Posted by eddiegold on 23rd of Jul 2024 at 01:41 pm
Hi Matt,
Thanks for the detailed response (and Steve's too). The link for the private message did not work (but would be happy to talk anytime) so I will try and clarify my question:
- I did not enter any VIX trade, I just wanted to understand the signal. I do use the KISS systems and I take the SPY reversion trades regularly.
- It is my understanding that SPX/VIX usually move counter to each other. Hence, me saying "VIX system says up which should mean spy down". Steve commented in a different thread that that was wrong and the the signal is actually SPX up. So my clarification question is actually two fold:
1. Was the alert (when it was sent) a LONG VIX alert?
2. Am I correct that a LONG VIX means short SPX and vice versa?
Thanks guys and thank you for your great mechanical systems!
p.s. (unrelated) I still do not understand how you draw a demand zone. "Demand zones are formed by a break of structure and revert to back to the origin". I saw it appearing in several newsletters but I still do not get it. i.e. I can figure the BOS (mostly) but I do not understand the revert to origin part.
Eddie - it was a
Posted by steve on 23rd of Jul 2024 at 02:00 pm
Eddie - it was a not a long VIX alert (it was a SPX long alert based upon the VIX moving DOWN below it's upper BB). Kind of confusing on the surface but make sure you listen to the Newsletter as this was discussed.
Thanks to all you guys
Posted by srusso1 on 23rd of Jul 2024 at 02:06 pm
Thanks to all you guys I'm out of here gone to the green river UT. Canyonlands' see you in 2 weeks.
Enjoy srusso1
Posted by steve on 23rd of Jul 2024 at 02:11 pm
Enjoy srusso1