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  1. O

    The Stochastic Indicator

    Thanks for the flaw card. I saw the point one, and the slow up trend, with point 1 in the middle of the old rocket, but I wasn't sure what to do. No more freezing at VDU:) :) :D :cool:
  2. O

    The Stochastic Indicator

    Oh, okay, difference in vernacular, I thought there was something I missed. Nothing good in the afternoon, there was an EOD rocket for a couple of points, but that's all I saw.
  3. O

    The Stochastic Indicator

    Okay Icarus, run throught the bracket and short on the break, I am not sure I understand this concept, as I saw no viable trades during the DU period.
  4. O

    The Stochastic Indicator

    Jack, you're a TEACHER! Both of my parents are teachers. That's why I don't take what you say with offense. I was taught the learning process at a young age, and every seasoned prof I know is pretty much like you. I am personally very glad you have decided to leave those of us who will...
  5. O

    The Stochastic Indicator

    990.00 Reason: Point 3 appears at 10:05 bar. Failure to traverse at 10:15 bar DU at 10:20 bar Stoch now clearly out of rocket zone. Clean channel break at 10:30 bar. Cost of early exit was 2 points.
  6. O

    The Stochastic Indicator

    If trend appears lateral, yet there is no point 3: Wait for point 3 Consider holding rocket as an iceberg Wait for DU or VDU
  7. O

    The Stochastic Indicator

    Just left it ( early), at 992 The reason it was early was because my nearest C&R stop was at 999.25, and I didn't wait for point 3. I will see how much I left on the table, when I do my homework tonight.
  8. O

    The Stochastic Indicator

    Okay, fair enough. Right now, I'll will stick with the angle of slope, as this has been very effective thus far.
  9. O

    What profession did you come from?

    777, that statement cannot be more true:D Oddiduro--Nursing:) :mad:
  10. O

    The Stochastic Indicator

    I wrote on my flaw card: Failure to Traverse- Intermediate Reverse: Use 1 min MACD crossover to reverse into what is either a slolom or the start of a new trend. I like this flaw card stuff,it is a great way out of the real time brain freeze I have gotten in the past.:D
  11. O

    The Stochastic Indicator

    I see what you mean now, Jack. We all still have this early exit flaw. In the future we are to focus on the sequence, the exits and profits will take care of themselves. I have also noticed that the C&R log is not only to keep us where our stops should be, but it keeps the left side of...
  12. O

    The Stochastic Indicator

    Sure, to sum it up for me: STRENGTH OF TREND. Gann is based on the time of a move, in a nutshell. He used astro, and natural cycles to time the market. Fine, the only problem is with whipsaws. Being whipsawed all over creation is the problem I would say most traders try to fix without losing...
  13. O

    The Stochastic Indicator

    After thinking about it some, I have concluded that if the Stoc and MACD both indicate a trade should be taken, then we should take the trade, regardless of postion of price in the channel. If price bumps the channel and reverses, we can still just slolom down to the base of the channel...
  14. O

    The Stochastic Indicator

    Okay, when the stoch leaves the tape( 75 - 25 ) and MACD is good, do we enter, or should we wait until price breaks it's channel? Conversely, if price re-enters it's channel on an apparent failure, should we hold as beginners until stoch re-enters the tape, or should we exit immediately...
  15. O

    The Stochastic Indicator

    I will make an effort to do so. BTW, I understand that you are the one who brought Jack here. Seeing that this is the most viewed thread on this site, thanks would be an understatement, but I'm doing it anyway.
  16. O

    The Stochastic Indicator

    This post has been pivital for me. I went back over the last 4 days and re-read this entire thread. It is notable that the reading has been MUCH easier. Something clicked. It was like Neo seeing the Matrix for what it is. The market moves in slow motion now, I wish I could truly relate why...
  17. O

    The Stochastic Indicator

    I noticed on the 15 min chart, the blue channel. Since a breakout is evident here, does this suggest an up day tommorrow? Is this what you meant by anticipating the market, Jack, or do I need to hit the threads again?
  18. O

    The Stochastic Indicator

    This is the next chart. Hopefully I am making some headway.
  19. O

    The Stochastic Indicator

    Okay Jack, Dawg, et. al. This is my chart from yesterday. All innovations have been removed. No 24 hour data. Setup as per the Catch Up and Tool Box Journals. I went back and reviewed the thread, I thought the Macd was the rocket, when it is actually the 3 point channel. The Macd is...
  20. O

    The Stochastic Indicator

    Scrap the innovation, got it. I have missed something about the rocket. I cannot seem to see it. I will go back and review.
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