MACD/Trendline Swing Trader

I do consider stochastic in my reversal scan.. Super strong or Super weak stocks simply peg the stochastic and keep going.. NYSE stocks especially tend to trend strong.
 
Quote from cashmoney69:

Why do you use a MACD over a stochastics?..just wondering.
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See attached DOW hourly.. You see during that nasty drop the Stochastic got pegged in the lower ranges.. You had to give MACD the priority as a "SWING" trader.. an intraday trader probably could have traded the stochastic against the MACD but not for too long...

What's the current read??? Seems MACD is topping but Stochastic has bottomed and along with us being at the swing low of yesterday a bounce is due but I think MACD wins in the end.. i.e. the next stochastic top a chance to short with stop above 12740 or so..
 

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Quote from retire45:

See attached DOW hourly.. You see during that nasty drop the Stochastic got pegged in the lower ranges.. You had to give MACD the priority as a "SWING" trader.. an intraday trader probably could have traded the stochastic against the MACD but not for too long...

What's the current read??? Seems MACD is topping but Stochastic has bottomed and along with us being at the swing low of yesterday a bounce is due but I think MACD wins in the end.. i.e. the next stochastic top a chance to short with stop above 12740 or so..
More...

Exactly on the point shown on your graph I wouldn't trade.
The reason is that the pullbacks are too congetsed area, for a lot of bull and bears. Some people are willing to push the price higher, but another people (BO traders) are pushing the price down. There are also too many stops, and many people are going to switch their opinions.
So this is a risky place. There is not accondance with the traders which way the price will go.:confused:
 
Quote from retire45:

See attached DOW hourly.. You see during that nasty drop the Stochastic got pegged in the lower ranges.. You had to give MACD the priority as a "SWING" trader.. an intraday trader probably could have traded the stochastic against the MACD but not for too long...

What's the current read??? Seems MACD is topping but Stochastic has bottomed and along with us being at the swing low of yesterday a bounce is due but I think MACD wins in the end.. i.e. the next stochastic top a chance to short with stop above 12740 or so..
More...

As long as the price respects the trendline, I'd remain long.
That's how I see it.
Very nice journal BTW, congrats.
 
Quote from 9999:

As long as the price respects the trendline, I'd remain long.
That's how I see it.
Very nice journal BTW, congrats.
More...

BO traders are waiting for your skin.
 
For sure a battle here... 12640 key..

Triggered into CLR 64.11
Can't click on HES may wait for today's high to be taken out on Monday..
 
Borderline vile markets.. to wait till last 10 minutes to reveal their cards... or did they? All that nothing movement got me into some boredom trades.. Short DRYS and LFG.. The challenge of trading..

A steady Week.. only 1 error from an entry standpoint (STP).. and 1 on exit (FINL). I'll accept them in exchange for a gook week.. Off to the day job.
 

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