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
Posted by DigiNomad on 25th of Apr 2024 at 04:38 pm
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.
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
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
Posted by DigiNomad on 25th of Apr 2024 at 04:29 pm
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).
Posted by icecoldjones on 25th of Apr 2024 at 04:25 pm
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.
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
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
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
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
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.
From SPX down 1.6% today to AH being up almost ...
Posted by DigiNomad on 25th of Apr 2024 at 04:38 pm
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
From SPX down 1.6% today to AH being up almost ...
Posted by icecoldjones on 25th of Apr 2024 at 04:38 pm
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
From SPX down 1.6% today to AH being up almost ...
Posted by matt on 25th of Apr 2024 at 04:31 pm
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
amazon.com
Amazon.com
It never made sense to
From SPX down 1.6% today to AH being up almost ...
Posted by DigiNomad on 25th of Apr 2024 at 04:29 pm
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
From SPX down 1.6% today to AH being up almost ...
Posted by icecoldjones on 25th of Apr 2024 at 04:25 pm
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
From SPX down 1.6% today to AH being up almost ...
Posted by matt on 25th of Apr 2024 at 04:19 pm
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
From SPX down 1.6% today to AH being up almost ...
Posted by mla127 on 25th of Apr 2024 at 04:15 pm
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
Steve that version of the Microsoft bullish chart that you ...
Posted by steve on 25th of Apr 2024 at 04:08 pm
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
Steve that version of the Microsoft bullish chart that you ...
Posted by matt on 25th of Apr 2024 at 04:02 pm
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
Matt - Thoughts on MARA and CLSK - looking for ...
Posted by matt on 25th of Apr 2024 at 03:56 pm
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