Stochastics

Quote from silvermotion:

you really are pretentious, i have several setups automated like this, the one you saw runs on a 610v chart, i have different setups on 5 minute charts and 3 minute charts, and they use other indicators. some even use price action believe it or not!!!. Why do you attack my programming skills and assume i know nothing? to boost your tiny ego? all this because i don't do exactly what you do and you assume is the only thing that works?

and for your personal education, its not harder to use price or a indicator when programming, a number is a number.

heres a 5 minute autotrader using a different setup.

ertradestoday.jpg
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And good morning to you as well!!!!

Someone using an indicator and actually proving its worth is two different animals. Sorry if you were unable to keep up with that simple concept. I note you continue to evade my previous questions with your tap dancing. I’ll take that as “you can’t.”

Strange you first claim you need to use the sto as an input value because you “need” a number for programming, and now you backpedal that you can indeed program using price because a number is a number. No need to “educate” me further, I have a rather good grasp of your so-called skills.

Pretentious? Nah, Just trying to elevate you to a higher level of learning. My bad, I didn’t realize just how fragile your huge ego was. Fortunately, your feelings were saved somewhat by ET regulars giving you a nod of approval. Probably saved you a trip to the shrink. :D

You and your kind are doing a great disservice to those new to trading. A canned indicator should stand on its own merit, not be passed off as being valuable because joe blow on the floor uses one, someone wrote a book on them, or heaven forbid, they were used for automated trading. To reiterate, as far as I know, there is no automated system using canned indicators that has successfully stood the test of time. If you have evidence to the contrary, I am all ears. Until then, whether you or the Pope uses them is of no consequence. Thus my initial response.

Here is where you do more name calling and then enlighten me how you are raking in the millions using your canned indicator followed by the ET standard of "just because you don't know how to use an indicator doesn't mean they don’t work” rhetoric.

A ball player steps up to the plate. What will determine his taking a swing at the ball; watching for the pitch, keeping an eye on the ball and only the ball, or waiting for the thud of the ball hitting the catcher’s mitt and then waiting for the umpires call? Think about it.

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Quote from Goinglite:


Slow Stochastics are popular with Floor Traders.


Goinglite
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Given the dismal record of floor traders that make the switch to electronic trading, their using sto’s on the floor doesn’t leave much credence to their use in the context of this thread. Quite misleading to new traders.


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Quote from MandelbrotSet:

While you two are going at it like a couple of Michael Vick's pitbulls, you're actually sharing a ton of info ... please continue. :D
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Don't you have inventory duty this week at the convenience store?


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Quote from Stealth Trader:

Don't you have inventory duty this week at the convenience store?


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LOL ... if you get all of your knowledge from ProfLogic, you are going to be proven to be one dumb mofo.
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While silvermotion has taken pains to show exactly what process he uses to determine his trade entries and exits (and wisely removed his chart before he gave away anymore free information) you have just show the OP your "squiggly line special". :p

I remember you doing the same thing on anekedoten's thread that you're doing here ... do you always showup to harrass traders who "don't know more than you" ... LOL, that must be a very short list ... which mainly exists in your imagination.
 
Quote from MandelbrotSet:

LOL ... if you get all of your knowledge from ProfLogic, you are going to be proven to be one dumb mofo.
***
While silvermotion has taken pains to show exactly what process he uses to determine his trade entries and exits (and wisely removed his chart before he gave away anymore free information) you have just show the OP your "squiggly line special". :p

I remember you doing the same thing on anekedoten's thread that you're doing here ... do you always showup to harrass traders who "don't know more than you" ... LOL, that must be a very short list ... which mainly exists in your imagination.
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Your lack of credibility has already been established and well documented.

http://tinyurl.com/37v9ef

And speaking of anek, I recall you attacking him mercilessly only to later bow to his feet with grandeur ass kissing. You do seem to FOLLOW like a love struck puppy whatever is in flavor for the day. Perhaps that is why the best you can do is a night shift job at the local convenience store. Enough said.

Nonetheless, being it's fed day, I can set aside some time to humiliate you further if that is what you wish. Therefore, rather than you hiding behind your momma’s skirt trying to make me the issue, how about you try and stay on track and actually enlighten us how using a canned indicator can be used to create a successful automated trading system. Tell us how you are able to do this while tens of thousands of people before you were not. I’m on pins and needles waiting for your anticipated not so brilliant typical response.


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Quote from Stealth Trader:

Your lack of credibility has already been established and well documented.

http://tinyurl.com/37v9ef

And speaking of anek, I recall you attacking him mercilessly only to later bow to his feet with grandeur ass kissing. You do seem to FOLLOW like a love struck puppy whatever is in flavor for the day. Perhaps that is why the best you can do is a night shift job at the local convenience store. Enough said.

Nonetheless, being it's fed day, I can set aside some time to humiliate you further if that is what you wish. Therefore, rather than you hiding behind your momma’s skirt trying to make me the issue, how about you try and stay on track and actually enlighten us how using a canned indicator can be used to create a successful automated trading system. Tell us how you are able to do this while tens of thousands of people before you were not. I’m on pins and needles waiting for your anticipated not so brilliant typical response.


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ProfLogic showed his true colors on the "Why do people use Volume, Range and Tic charts?" thread (wshich is now closed, thanfully), but thanks for the nonsense.

... on the other hand, while he was a Puretick rah-rah cheerleader, anekdoten was the one doing the attacking, only to get his head handed to him. When he decided to write Puretick off and actually start educating traders instead of taking advantage of them, I fully supported him.

... and as far as working at a convienece store, well, I've got $10,000 that says you're wrong, let me know when you want to match me on that bet. :D

Hmmm, that's three strikes for you.
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This thread is about using stochastics to assist in one's trading, they are a usefull tool to those who know how to use them, but secondary to reading price action, which you haven't proven, btw, that you actually even know how to do.

You probably trade the same way you jump to wrong headed conclusions ... in which case, I'm happy to always be on the onther side of you! :p
 
Quote from MandelbrotSet:

ProfLogic showed his true colors on the "Why do people use Volume, Range and Tic charts?" thread (wshich is now closed, thanfully), but thanks for the nonsense.

... on the other hand, while he was a Puretick rah-rah cheerleader, anekdoten was the one doing the attacking, only to get his head handed to him. When he decided to write Puretick off and actually start educating traders instead of taking advantage of them, I fully supported him.

... and as far as working at a convienece store, well, I've got $10,000 that says you're wrong, let me know when you want to match me on that bet. :D

Hmmm, that's three strikes for you.
***
This thread is about using stochastics to assist in one's trading, they are a usefull tool to those who know how to use them, but secondary to reading price action, which you haven't proven, btw, that you actually even know how to do.

You probably trade the same way you jump to wrong headed conclusions ... in which case, I'm happy to always be on the onther side of you! :p
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Three strikes? What an active imagination you have! More like three home runs for me, but hey, who’s counting??!!!! Your lack of credibility stands on its own merit.

1. You flip flopped on prof. FACT.
2. You flip flopped on anek. FACT.
3. You use second hand information you have no personal knowledge of to attack others and then quote it as fact. I’m merely replying per your rules. I note you have yet to deny your working in a convenience store. FACT. (Not that there is anything wrong with that).


Your typical clownish ET standard drivel response was as expected. No surprise there, as an original thought is obviously beyond your grasp. As such, your evasion of the following is duly noted:

“rather than you hiding behind your momma’s skirt trying to make me the issue, how about you try and stay on track and actually enlighten us how using a canned indicator can be used to create a successful automated trading system. Tell us how you are able to do this while tens of thousands of people before you were not.”

You are a follower, nothing more. Quite a few others have replied to this thread with intelligent thought out responses. All you have been able to do is muster conjectural foolish shuck and jive idiocy. Keep ASSuming and tap dancing little jimmy. It’s all you seem to have. :D

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Quote from davidmaria1:

So......stochastics are good?
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apparently they are.

they can show you the turning points, providing the price is smart enough to turn.

seriously, you can use a short term stoch AGAINST a longer term trend to highlight pullbacks, but then you can see this for yourself in the price.

you can compare similar period stochs, one set to the close and the other set to say the typical price.
this is interesting, but not sufficent enough to hold my attention.

it all depends whether you want to be a chartist or a trader.
two entirely different animals.

regards
f9
 
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