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    Daytrading Breakouts in the ES

    Hi JR, I'm having a bit of problem with the pivot high/low guy. June ES at 2:05cst pokes just above the Upper BB. At 2:10est and 2:15est a double top is made above the Upper BB. The bar at 2:20est is 1 tic above the prior bar and just pokes his nose above the Upper BB but not by much. The...
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    The Stochastic Indicator

    FYI: Stoch(14,1,3) 11:00cst stoch(15.00, 24.55) macd hist:-0.77 and volume 5,297. Close but not right on, wonder why as this is after the close of the bar. Maybe just a bit of difference on the data feed from our providers...
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    The Stochastic Indicator

    Ok, I'll roll over to the June and see if this approach helps any. Sure looked like it saved you a bunch yesterday.
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    The Stochastic Indicator

    So you are using the high/low of the previous 5m bar for the entry? I wonder where I missed this bit of information... Yes I'm using the March contract. Will be going to the June directly... When I was trading OEX I made some really good moves just before the expiration and thought the ES...
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    The Stochastic Indicator

    I have no where near the amount of volume you showed. Are you using total volume? I'm using just the volume for the 5m bar in the ES H03 contract and show a volume of 92 at the close of the 11:00cst 5m bar. I can't reproduce the numbers on the stoch or the macd that you show either but they...
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    The Stochastic Indicator

    On the est I wasn't just picking you out Michael, seems everyone quotes this thing in est and I was just wondering why since it's traded from the CME... I think you might want to check your histogram indicator. I use eSignal and they have the MACD with a histogram. That's what I used to...
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    The Stochastic Indicator

    I don't see anything like that... I see the 10:30pst crossing but I don't see a +.4 value until 10:50~10:55pst. Do I maybe have my MACD formula screwed up? Between 10:35~10:40pst I show a reading of +.04. This brings up another question I have had but never asked anyone. Why is this market...
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    The Stochastic Indicator

    Ah, but Michael... If we play by all the rules set forth for the beginners don't we need to quit looking for price, volume and drop back to the 80/20 line? I'm sure that all this comes together here but the rules were specific as to condition 1 and condition 2 being true, then enter with...
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    The Stochastic Indicator

    Thanks nkhoi, Looking at your graphic It looks like the point 2 side will always be the "left" side with the right side on the point 1 and point 3 side. Makes a bit more sense now. I thought we were to look back in time from the point 1 to find point 2. Thanks...
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    The Stochastic Indicator

    JohnnyK, The graphics you posted helped me to focus on some of the things that were referenced by Jack. Thanks for posting them. The part that confuses me is where Jack is talking about { " Point 1 is first on the right side; point 2 is “away on the left. What we need last is the second...
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    The Stochastic Indicator

    I did about the same today as yesterday... Not gooood... If behind on the curve, get out and stand aside. Ok, so tomorrow I'll stand aside and see what's what. I'm also in agreement with all that I'm not sure how to use the 1m chart but I did watch it very closely today. Unless I missed...
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    The Stochastic Indicator

    Just wandered on in here and saw this thread. I’m trying to put a chart together to follow along and am getting confused by the MACD indicator. I’m using MetaStock and it doesn’t allow this kind of input for the MACD… My question is what averages are used to make the histogram and...
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