the tables use the entry

KISS STS systems updated

Posted by matt on 25th of Apr 2024 at 05:33 pm

the tables use the entry price for the next day open - again it's all in the FAQ that has been in the KISS system for a while so please take the time to read that. Stats are generally better to enter that same day though, but because the standard daily are communicated after hrs all the trade % numbers are using the next day's open price for the entry. This will not be the case for high performance, they will use exact entry prices from that same day.

as far as Demark - I've posted this 58 page PDF a dozen times, here you go, nerd out this evening reading that or the weekend

https://breakpointtrades.com/blog/post/390738/   

When does the entry price

KISS STS systems updated

Posted by retiredguy on 25th of Apr 2024 at 05:00 pm

When does the entry price show up in the tables?.  Also, is there a webinar explaining what Demarks are?  

I wouldn't beat yourself up. Today's action was perfectly designed to trap as many traders as possible, as spectacularly as possible. An AI couldn't have designed a better day for traps if it trained on all of history's market data and all the books on trader psychology ever published.

The one thing I have noticed is that they are taking advantage of the instinct for most people to think hot inflation and higher rates = lower markets. That's not the case but it's a widely held belief so those people have emotional reactions on hot print days and hit the sell button which the smart money takes advantage of knowing that inflation inflates.

This was crazy. Absolutely perfect design. 

Thanks for the feedback and book reco, Matt!

here's that AMD KISS chart

KISS STS systems updated

Posted by matt on 25th of Apr 2024 at 04:36 pm

here's that AMD KISS chart from the KISS tables that went long, that was likely triggered from the washout oversold reversal on the KISS system, also had a Demark 9

https://breakpointtrades.com/ts/view_chart.php?s=AMD&g=BPT_basket 

Emotion is what makes trading difficult for most people.  Technical Analysis is all about analyzing the collective mass emotion/psychology that causes patterns to form on the charts. Unfortunately we as humans also fall prey to our own emotion. And again everyone is different, some people are MUCH better at dealing with it, while others are not.  It takes time, and having a systematic approach where you have a rules that you are following helps - because the emotions are most difficult when you don't have rules or a decision that is pre set.

I'm sure Spock from Star Trek would be a great trader since Vulcans suppress their emotions LOL  

or....maybe one of Elon Musks Optimum robots LOL

there's a book called 'The Trading Athlete ' it makes a strong case with a bunch of examples of why former professional sports players have made great traders - why? Because they had to learn to control their emotions in stressful situations in games and in the public, and that directly translates to trading

https://www.amazon.com/Trading-Athlete-Winning-Mental-Online/dp/0471418706 

It never made sense to be down on hot inflation numbers and weak but not too weak GDP data. It's basically mega cap market nirvana - not to mention Meta also had great earnings.  Are we in stagflation? Yeah, probably, but everyone is stuck buying the products and services of the mega caps. They have pricing power and will crush quarter after quarter (I don't count TSLA in the group anymore, even though I'm long). 

I understand your technicals and trust you guys, I just wish I had your emotional bandwidth because my emotions run HARD and I feel like now we're just going to skyrocket to new ATHs. My personal issues are why I've never been a successful trader.

KISS STS systems updated

Posted by matt on 25th of Apr 2024 at 04:24 pm

https://breakpointtrades.com/sts_table/?search=BPT_basket 

interesting, AMD went long today, honestly not a bad entry - just 1 bar off the lows

yep!

but guys, that's what's so cool about Technical Analysis. The fact that you could count 5 waves off off Friday's lows, strongly suggested that move was at least a wave A up, and to expect a deep wave B pullback, but that pullback should form a higher low - the move up again in wave C. The key was being able to count 5 waves up - if it was only 3 waves up off the lows, that would have been bearish and suggested another low right now

again all this stuff is fractal: To me I could see this move up being a wave C that takes out the high from earlier this week but still overall makes a lower high because of the daily symmetry break  - so this wave C might complete that lower high wave B on the daily maybe around the 50 day MA

anyway besides systems trades, and trade ideas etc, we also excel at education here

what is 2024 ....  FOMO 100 ... #BTFD

From SPX down 1.6% today

Posted by icecoldjones on 25th of Apr 2024 at 04:09 pm

From SPX down 1.6% today to AH being up almost 1% is WILD!

MSFT - Long!

Posted by elementsix on 25th of Apr 2024 at 04:09 pm

MSFT - Long!

BOOM - calling it a day.   Off to the gym

GOOGL also up nicely on earnings

Posted by matt on 25th of Apr 2024 at 04:05 pm

both MSFT and GOOGL double whammy both juicing the futures

did you end up going long?  one of my KISS systems are long  MSFT so I decided to simply keep it despite earnings  - nice move after hrs if you decided to take the gamble

Steve that version of the

Posted by DK on 25th of Apr 2024 at 03:56 pm

Steve that version of the Microsoft bullish chart that you posted below makes me want to take a small shot long going into earnings

yes MARA bounced off the 20 MA, there's an open gap up around 21 and the 50 day MA.   The 60 min chart looks fine

again generally the cryto follows the market, so if the market continues to push higher, then crypto and crypto stocks likely will as well

How close are the High

TSLA bucking the trend today

Posted by patellee on 25th of Apr 2024 at 03:55 pm

How close are the High Perf Systems to launch?  IIRC, it was supposed to happen a few weeks ago and I'm worried I may have missed an update.

please remember guys, when we

By Request

Posted by matt on 25th of Apr 2024 at 03:52 pm

please remember guys, when we post charts those posts contain the links - pretty much any Stockchart chart we post contains the links directly in that post, and in the newsletters

and when those charts are in the newsletters the links are also provided for each chart

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