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july 24th was not an oversold condition for stochastics. the last two oversold periods were april 10 to april 20 and may 9 to july 15. the low for the oversold period between april 10 and april 20 was around 35 and the low from may 9 to july 15 was below 20. since 20 < 35, i do not get long...

when stochastics cross above 30, from an oversold period, the low that was measured in that oversold period is your cut loss point. Your profit taking point would be at the stochastics overbought point. you can get the picture for shorting from an overbought period.

no no no no, you don't mark the bottom until stochastics has crossed above 30, so u only mark one low every time stochastics crosses below 30 and then above 30. same with oversold. basically, from may 9 to july 14, that was ONE oversold period. you don't measure the low until after...

it's not good to catch falling knives, so catch the 2nd leg instead, if there is one

i thought divergence meant that the stock is moving one way, and the indicator is saying it should move the other way, prompting a big reversal in the stock. in my example, i'm using stochastic overbought/oversold conditions to filter out possible lower hi/higher lo candidates.

ok, again...

here's pic

here's what i'm working on, but i need your guys' help to improve it. the technique: every time stochastic %D is overbought, you mark the highest point for while it was overbought. every time stochastic %K is oversold, you mark the lowest point for while it was oversold. Still don't get it...

sorry for so many posts in this forum lately, just wondering popular settings people are using for their indicators. so do yo guys use default 12,26,9 or something different.

It has barely budged the last 2 huge rally days. signs of something bad to come?

www.portfolio123.com

is 14,3,3 the default setting?

this includes smoothing factor. please just answer the question instead of talking how indicators dont work. please include time frame too, thanks.

i know that, but if i don't have the credentials, no one will allow me a chance to show my capability.

i graduated with a BA in economics from UC Berkeley last august, right when subprime mess began to accelerate. haven't been able to find a job since so i'm switching careers now, going back to school, getting a BS in computer science. Should take about 1 1/2 years since I don't have to do all...

the action in the last hour of today sure looked like panic selling... by the way, VIX > 36 now...

I bought it while i was starting the thread now... what about a long GS, short MS pair trade

Would you buy GS here? It's freaking $100. Time after time, they prove that they don't have the same problems as the other investment firms. Why do people choose not to believe them? In volatile times, don't we have to go with the best traders out there and most of them are at goldman.

do you guys remember eric bolling he was so damn good, at least 2/3 of his calls were correct. too bad he left the show. strazzini wasnt bad either.

thanks for being constructive:)