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KISWS - Trade and Profit like the Pros!

  • #1
  • First Post: Edited May 14, 2020 4:01pm Jan 16, 2020 9:29am | Edited May 14, 2020 4:01pm

Keep It Simple With Sentiment (KISWS)


KISWS - Sentiment 1-2-3

Rules
The first and most important rule is to follow your pre-determined sentiment. Only take trades that are in the same direction as sentiment. Changes in Sentiment will be posted everytime to stay honest and disciplined.
- To go long, (1) MACD must be above 0. (2) RSI must be above 60. (3) Last closing candle must be green.
- To go short, (1) MACD must be below 0. (2) RSI must be below 40. (3) Last closing candle must be red.

Money Management
- For a long entry, stop loss is the first area of recent support. Target is the first area of recent resistance.
- For a short entry, stop loss is the first area of recent resistance. Target is the first area of recent support.

Timeframe
30M timeframe is the lowest. Higher timeframes can be used.

Trade Explorer
Trade Explorer attached to track progress.
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #2
  • Jan 16, 2020 9:34am Jan 16, 2020 9:34am
trade taken: long wti

as you can see below when I entered all the rules were met.
- long is in line with my bullish sentiment.
- macd is above 0.
- rsi is above 60.
- last candle close was green.
- target is based on recent resistance.
- stop loss is based on recent support.
Attached Image
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #3
  • Jan 16, 2020 1:07pm Jan 16, 2020 1:07pm
trade taken: short natty gas
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0015 1-16-2020 2.06.50 PM.png Size: 21 KB
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #4
  • Jan 17, 2020 8:02am Jan 17, 2020 8:02am
nothing looks good for an entry right now. I will be sure to avoid a trade that might get me stuck right before the market closes. week's still not over yet though!
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #5
  • Jan 17, 2020 9:49am Jan 17, 2020 9:49am
copper sentiment is keeping me out of shorting copper. the other confirmations are there.
Attached Image
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #6
  • Jan 17, 2020 10:05am Jan 17, 2020 10:05am
sentiment changes
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Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #7
  • Jan 22, 2020 9:11am Jan 22, 2020 9:11am
trade taken: long platinum
Attached Image
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #8
  • Jan 22, 2020 9:14am Jan 22, 2020 9:14am
sentiment changes
Attached Image
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #9
  • Jan 22, 2020 10:08am Jan 22, 2020 10:08am
took profits on platinum. 3 for 3!
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #10
  • Jan 22, 2020 3:27pm Jan 22, 2020 3:27pm
This sounds like a momentum based strategy? With RSI > 60 you're buying into strength.
  • #11
  • Jan 23, 2020 9:08am Jan 23, 2020 9:08am
Thanks for sharing your trading strategy. Pls pardon the newbie question I'm about to ask. But how do you determine sentiment?
  • #12
  • Jan 23, 2020 9:13am Jan 23, 2020 9:13am
Quoting Picard
This sounds like a momentum based strategy? With RSI > 60 you're buying into strength.
the idea of the strategy using rsi is more about staying out of markets that are clearly against you not necessarily riding the momentum wave. RSI needs to be above 60, MACD needs to be above 0, and the last candle should have been green. remember the first rule is that the trade direction must match sentiment.
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #13
  • Edited 9:33am Jan 23, 2020 9:16am | Edited 9:33am
Quoting Stchijioke
Thanks for sharing your trading strategy. Pls pardon the newbie question I'm about to ask. But how do you determine sentiment?
sentiment is up to each trader to figure out. the key to sentiment is to stay disciplined when taking entries. For example, right now oil is clearly bearish so I wouldn't consider any long entries. For a short entry I'd want to wait until macd and rsi crossed back into below 40 and below zero since the signal has already passed.
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #14
  • Jan 23, 2020 9:28am Jan 23, 2020 9:28am
trade taken: long gold
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0014 1-23-2020 10.28.01 AM.png Size: 20 KB
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #15
  • Edited 10:04am Jan 23, 2020 9:34am | Edited 10:04am
Better view of stop and target.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0016 1-23-2020 11.03.37 AM.png Size: 28 KB
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #16
  • Jan 23, 2020 9:39am Jan 23, 2020 9:39am
Quoting perma-bull
{quote} sentiment is up to each trader to figure out. the key to sentiment is to stay disciplined when taking entries. For example, right now oil is clearly bearish so I wouldn't consider any long entries. For a short entry I'd want to wait until macd and rsi crossed back into below 40 and below zero since the signal has already passed.
Thanks for the quick response and the very clear explanation. I understand now.
  • #17
  • Jan 23, 2020 9:40am Jan 23, 2020 9:40am
Quoting perma-bull
{quote} sentiment is up to each trader to figure out. the key to filling out sentiment on your profile is to stay disciplined when taking entries.
I consider that to be a very poor answer to a very good question asked in good faith. I'm happy for Stchijioke that they understand, though. My brain must be hardwired differently.
  • #18
  • Jan 23, 2020 10:03am Jan 23, 2020 10:03am
Quoting LloydOz
{quote} I consider that to be a very poor answer to a very good question asked in good faith. I'm happy for Stchijioke that they understand, though. My brain must be hardwired differently.
to try to explain a little better. since sentiment is going to be different for each trader the best way to formulate your own strategy is look at each chart on different timeframes and get a feel for whether you think the overall direction is up or down. up = bullish, down = bearish. once you've have it then enter it into your profile. this part of the strategy is to help us avoid bad entries against the overall direction.
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #19
  • Jan 23, 2020 10:06am Jan 23, 2020 10:06am
Quoting perma-bull
trade taken: long gold{image}
4 for 4!
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #20
  • Jan 23, 2020 10:07am Jan 23, 2020 10:07am
silver is approaching a buy signal. waiting on rsi
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0018 1-23-2020 11.06.42 AM.png Size: 18 KB
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
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