Posted by ewalter3000 on 18th of Dec 2024 at 08:14 pm
Buy SPXU?
I am looking for some help. I know several chart experts
recently started shorting the SPY. I can't find anywhere in
the KISS system where I can star SPXU. This ticker seems like
it could be a smart buy in the near term. If you agree, do
you have thoughts on an entry price and a stop price? Thank
you.
Could the market drop again tomorrow or a couple days? sure
anything is possible but shorting now is NOT objective from a
risk/reward standpoint. That's why some of the mean reversion
systems are starting to scale in long now, not short.
Time to buy SPXU was as a hedge earlier this week or after a
downtrend and you but it after an oversold rally into resistance or
supply
please go back and read my post - I commented on SPXU and
eventually adding some inverse ETF's to the KISS section, but I
cannot do that at this time until some extra logic is added for
targets. These require price targets to work well.
Anyway, as I stated earlier my thoughts are that we have
some sort of decent high in place for a while, we'll likely
experience and oversold bounce soon near Christmas - but most
likely will form a lower high. That Dow chart I showed,
a backtest of that broken channel would be an objective
short.
so I'd wait for a bounce, and then look for a trigger on an
intra day chart
Posted by ewalter3000 on 19th of Dec 2024 at 08:22 am
Thanks Matt. I'm new to the site and still trying to get
my bearings. I guess it was a dumb question, but it seemed
reasonable to think that the sell-off on the SPY could continue.
Timing is something I am trying to improve upon, hence why I
became a member of your site. You seem to have lots of great
trade ideas in your newsletters as well, but similarly in those
instances, I am struggling to take your insight and translate it
into actionable trades.
Where is the post where you "commented on SPXU and
eventually adding some inverse ETF's to the KISS section"?
ewalter - welcome aboard. One quick comment, not wise to
short below previous lows when deeply oversold. Over time,
you will learn by sticking around here and listening. It
takes years to become proficient.
Posted by ewalter3000 on 19th of Dec 2024 at 09:43 am
Thank you, Steve. I appreciate the tip. I certainly
agree that learning comes with time and experience. I have a
lot of experience, but am far from a technical trading expert.
I am paying for this subscription in an effort to accelerate
that process, and to help me get in and out of new positions
profitably. I think it is easy for the folks that have been
around for a long time to think this site is intuitive and easy to
use.
I have highlighted several things within the KISS tables to Rik
that are not working correctly, like entry dates for items where
there were no updates. His response was "there is currently
an issue with the HP KISS table ; when it says "Flat" there
shouldn't be a System Entry date". I also understand that the
trade ideas used to have SMS alarms, but Rik said "yes, in the past
we did have Alarms for the Trade Alerts where people would alerted
to new trade triggers for the Trade Ideas. currently that
feature is broken as the company that provided the data is out of
business and we are finding a replacement."
So your customer support is telling me that your KISS tables are
not functioning correctly, and that I am on my own with your trade
ideas as far as if I initiate a position, and if so, where to set a
stop. I am excited to get to work and learn from you all, but
have found the user experience a little underwhelming and, based on
Matt's earlier response, a bit condescending.
I wouldn't use that as it is, I'll remove it. Again in
order for the KISS system to work well with inverse ETF's, much
tigher settings are required and profit targets. The KISS system is
designed for longs. As I said, I found I can use it for
shorts, but I have to use very custom settings along with profit
targets instead of only letting the trades be stopped out by the
STS stops
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Buy SPXU? I am looking for
Posted by ewalter3000 on 18th of Dec 2024 at 08:14 pm
Buy SPXU?
I am looking for some help. I know several chart experts recently started shorting the SPY. I can't find anywhere in the KISS system where I can star SPXU. This ticker seems like it could be a smart buy in the near term. If you agree, do you have thoughts on an entry price and a stop price? Thank you.
buy SPXU now after this
Posted by matt on 18th of Dec 2024 at 08:18 pm
buy SPXU now after this selloff??
Could the market drop again tomorrow or a couple days? sure anything is possible but shorting now is NOT objective from a risk/reward standpoint. That's why some of the mean reversion systems are starting to scale in long now, not short.
Time to buy SPXU was as a hedge earlier this week or after a downtrend and you but it after an oversold rally into resistance or supply
please go back and read my post - I commented on SPXU and eventually adding some inverse ETF's to the KISS section, but I cannot do that at this time until some extra logic is added for targets. These require price targets to work well.
Anyway, as I stated earlier my thoughts are that we have some sort of decent high in place for a while, we'll likely experience and oversold bounce soon near Christmas - but most likely will form a lower high. That Dow chart I showed, a backtest of that broken channel would be an objective short.
so I'd wait for a bounce, and then look for a trigger on an intra day chart
Thanks Matt. I'm new to
Posted by ewalter3000 on 19th of Dec 2024 at 08:22 am
Thanks Matt. I'm new to the site and still trying to get my bearings. I guess it was a dumb question, but it seemed reasonable to think that the sell-off on the SPY could continue. Timing is something I am trying to improve upon, hence why I became a member of your site. You seem to have lots of great trade ideas in your newsletters as well, but similarly in those instances, I am struggling to take your insight and translate it into actionable trades.
Where is the post where you "commented on SPXU and eventually adding some inverse ETF's to the KISS section"?
ewalter - welcome aboard. One
Posted by steve on 19th of Dec 2024 at 08:40 am
ewalter - welcome aboard. One quick comment, not wise to short below previous lows when deeply oversold. Over time, you will learn by sticking around here and listening. It takes years to become proficient.
Thank you, Steve. I appreciate
Posted by ewalter3000 on 19th of Dec 2024 at 09:43 am
Thank you, Steve. I appreciate the tip. I certainly agree that learning comes with time and experience. I have a lot of experience, but am far from a technical trading expert. I am paying for this subscription in an effort to accelerate that process, and to help me get in and out of new positions profitably. I think it is easy for the folks that have been around for a long time to think this site is intuitive and easy to use.
I have highlighted several things within the KISS tables to Rik that are not working correctly, like entry dates for items where there were no updates. His response was "there is currently an issue with the HP KISS table ; when it says "Flat" there shouldn't be a System Entry date". I also understand that the trade ideas used to have SMS alarms, but Rik said "yes, in the past we did have Alarms for the Trade Alerts where people would alerted to new trade triggers for the Trade Ideas. currently that feature is broken as the company that provided the data is out of business and we are finding a replacement."
So your customer support is telling me that your KISS tables are not functioning correctly, and that I am on my own with your trade ideas as far as if I initiate a position, and if so, where to set a stop. I am excited to get to work and learn from you all, but have found the user experience a little underwhelming and, based on Matt's earlier response, a bit condescending.
SH (inverse to SPX with
Posted by kingpin15 on 18th of Dec 2024 at 08:19 pm
SH (inverse to SPX with no leverage) is in the system fyi
I wouldn't use that as
Posted by matt on 18th of Dec 2024 at 08:30 pm
I wouldn't use that as it is, I'll remove it. Again in order for the KISS system to work well with inverse ETF's, much tigher settings are required and profit targets. The KISS system is designed for longs. As I said, I found I can use it for shorts, but I have to use very custom settings along with profit targets instead of only letting the trades be stopped out by the STS stops