You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The Stochastic Indicator
- Thread starter jack hershey
- Start date
- Status
- Not open for further replies.
My personality type is entj.
Patience is something I have to REALLY work at.
There is thread loose in my seamless trading, but since I entered this thread, life has gotten a lot better when I see lateral trending.
Here are my questions.
When we hit vdu, we go the 1 min chart, got that.
Do we tape the MACD? How wide should the tape be?
Do we just trade the crossovers as long as they are outside the MACD tape?
If we are watching the stoc, should we enter on a 50 crossover?
Should we use the slow line for going in and the fast for going out?
I don't seem to be able to comprehend just exactly we should be looking for during the midday slolom. It must be a block. I have even gone so far as to isolate jack's posts in this thread and print them out, I now have a 200+ page binder of this thread, and I still can't find it.
Somebody, I need to be fixed, badly.
Regards
Oddi
Patience is something I have to REALLY work at.
There is thread loose in my seamless trading, but since I entered this thread, life has gotten a lot better when I see lateral trending.
Here are my questions.
When we hit vdu, we go the 1 min chart, got that.
Do we tape the MACD? How wide should the tape be?
Do we just trade the crossovers as long as they are outside the MACD tape?
If we are watching the stoc, should we enter on a 50 crossover?
Should we use the slow line for going in and the fast for going out?
I don't seem to be able to comprehend just exactly we should be looking for during the midday slolom. It must be a block. I have even gone so far as to isolate jack's posts in this thread and print them out, I now have a 200+ page binder of this thread, and I still can't find it.
Somebody, I need to be fixed, badly.
Regards
Oddi
Before open look at the picture. NC means no change
a. do 5 min chart viewing. Mine is two screens wide and I see all of tues, weds,thurs and Fri. four plateau connected by trends. we look to be in evne harmonic land. I see that the top of the graph os almost 1000 and the bottom is 975.
dropping Tues is NC. yesterdaywas a step all day at the R of S/R. Still have 975. Extend channel lines into am.
b. Volume is scalloped and not very regular for each day. This means the days are not uniform and they look light and anemic.
IT DOeS NOT TAKE MUCH VOLUME TO GET BOS. LOW volume is EXTREMELY LOW. I see volume yester day as more flat and 10,000 for 5 min was the rule. On 15 there is no scallop to speak of. Look for 20,000 as indication of a day that could have a trend
c. last four opens are all different. BUT ONLY ONE GAP. NC.
d. The rockets, if any are short ones and I need to go to 15 for stretching them out a little. This is the big issue. Patience is my focus. If I cannot get abord a rocket I will wash if beginner. This is a test day for intermediates to hang in there. after hanging in for 10 days you will be good at it. Do stop log and see no new stops as a signal for end of points 1,2,3.
e. Icebergs stink. There is no hustle anywhere to allow me to stay in icebrgs.
NC
f. 11:00 for last few days means midday shut down. NC
g. 13:00. I can make a buck everyday on a BO around 13:00 plus. Bracket time for sure every day.
NC
H Slaloms. Count on slaloming. Slalom out of sync on brackets. Be prepared to slalom on the pm BO's (See g.)
NC
i EOD let broker take me out as usual. NC
NC means no change.
a. do 5 min chart viewing. Mine is two screens wide and I see all of tues, weds,thurs and Fri. four plateau connected by trends. we look to be in evne harmonic land. I see that the top of the graph os almost 1000 and the bottom is 975.
dropping Tues is NC. yesterdaywas a step all day at the R of S/R. Still have 975. Extend channel lines into am.
b. Volume is scalloped and not very regular for each day. This means the days are not uniform and they look light and anemic.
IT DOeS NOT TAKE MUCH VOLUME TO GET BOS. LOW volume is EXTREMELY LOW. I see volume yester day as more flat and 10,000 for 5 min was the rule. On 15 there is no scallop to speak of. Look for 20,000 as indication of a day that could have a trend
c. last four opens are all different. BUT ONLY ONE GAP. NC.
d. The rockets, if any are short ones and I need to go to 15 for stretching them out a little. This is the big issue. Patience is my focus. If I cannot get abord a rocket I will wash if beginner. This is a test day for intermediates to hang in there. after hanging in for 10 days you will be good at it. Do stop log and see no new stops as a signal for end of points 1,2,3.
e. Icebergs stink. There is no hustle anywhere to allow me to stay in icebrgs.
NC
f. 11:00 for last few days means midday shut down. NC
g. 13:00. I can make a buck everyday on a BO around 13:00 plus. Bracket time for sure every day.
NC
H Slaloms. Count on slaloming. Slalom out of sync on brackets. Be prepared to slalom on the pm BO's (See g.)
NC
i EOD let broker take me out as usual. NC
NC means no change.
Quote from oddiduro:
My personality type is entj.
Patience is something I have to REALLY work at.
There is thread loose in my seamless trading, but since I entered this thread, life has gotten a lot better when I see lateral trending.
Here are my questions.
When we hit vdu, we go the 1 min chart, got that.
you also go to "change modus" and you are in a reversal strategy. that is a MUST.
Do we tape the MACD?
No never. even if you area beginner there is no part of an absolute indicator you do not use. The MACD is our money making speedometer. The histogram is how hard you have your foot on the gas peddle. I know these pictures are corny but they possitively serve as immediate and permenant reminders to you drawn from your environment.
How wide should the tape be?
A micron and put it along the zero axis for color only.
Do we just trade the crossovers as long as they are outside the MACD tape?
mathematically, you will find that xovers can only occur "away" from where you thought a tape would be which it isn't. when the MACD get to ride the zero line it can only BO with divergence. this is just another miracle provided by absolute indicators.
If we are watching the stoc, should we enter on a 50 crossover?
this is an event. In Hermetic thinking, there is a rule between the teacher and the student. Oddiduro exemplifies the common most important aspect of a 3000 year old teaching method. He has, through effort, come to a realization on a path that everyone follows century by century. Here he intrinsically regognizes that as the relatavistic indicator passes through 50 and is diverging, he has the unequivacable right to ACT. He gos short on a downward move or long on an upward. He, also, from now on, has to monitor his actions. he gets a confirmation of trend outside the 20/80 band. While the lines are on the way from 50 to outside, he continues to confirm. Here you head to the 1 min so you get confirm early.[color]
Should we use the slow line for going in and the fast for going out?
See above answer. You may act ASAP and you take on obligation for the risk. The slow line must help the fast line in a very short time from now on. being in on fast line, means be sure the slow line confirms. Go from 5 minto 1 min to get this and get back to 5 min. Once you are in get to the slowest fractal possible.
I don't seem to be able to comprehend just exactly we should be looking for during the midday slolom. It must be a block. I have even gone so far as to isolate jack's posts in this thread and print them out, I now have a 200+ page binder of this thread, and I still can't find it.
draw zig zaglines allong the CCC. just either run them in the middle of bars or make a channel series withing the boundaries of the CCC. If you draw CCC yo see more easily the three parts and the frquency. you will see this. Two comments above you got the right to slalom. You and only others who are in the grooove may do the following. If you are a former hair trigger, do not go and do this unless you have tripled real money.
After you have fully doumented the lines on the five min, go to the one min and use the signals there from your sequences in the "change modus". This is how we will slalom after labor day.
Somebody, I need to be fixed, badly.
You do not need to be fixed. If you copied and organized 200 hundred pages, you simply need experience. your questions are a process of rapidly gaining experience. If you sit and do not ask it takes longer to get experience.
Regards
Oddi
I am coloring this stuff so i can dump it into the journals
Either you traded the spike or not doesn't matter
After Labor Day, we would be trading off the 50% line. If you had the 5,2,3, running your would get the earlier entry for a rocket.
If you did the prorata as a way to look for volume on the 5 min,you saw the 10:00 bar from scratch.
Oddiduro asked about if he could go in as he sees the STOC 50 crossed and a divergence on the lines. This happened ahead of the announcement but only 4 minutes before.
What happens to people who miss spikes is that they get hesitant after that event. What is better is to do the mechanical thing. a rocket was signalled, all the indications came and an entry was called for. The end of the rocket made better than flat or wash trade.
Everyone got to do the long rocket; You had point 1,2,3 drawn before it took off. Icebergs went to 14:00.
Experts should be using VDU and the MACD sequences in addition to the above. FWIW, if you have point 1, you look for point 2. then you know (if you are not in and you won't be at first) that a point 3 is a good entry. If you have point 2 and guts you enter the travrese away from point2 and then reverse on point 3 and GO BACK TO "continuation modus". This is catch up tuff which is always possible.
Always reason things out. If you find out where you are in a sequence play it straight from that point on.
I will begin to recommend that ice bergers link trades from now on.
and we will take the tape off soon. you are asking "under the tape" questions.
After Labor Day, we would be trading off the 50% line. If you had the 5,2,3, running your would get the earlier entry for a rocket.
If you did the prorata as a way to look for volume on the 5 min,you saw the 10:00 bar from scratch.
Oddiduro asked about if he could go in as he sees the STOC 50 crossed and a divergence on the lines. This happened ahead of the announcement but only 4 minutes before.
What happens to people who miss spikes is that they get hesitant after that event. What is better is to do the mechanical thing. a rocket was signalled, all the indications came and an entry was called for. The end of the rocket made better than flat or wash trade.
Everyone got to do the long rocket; You had point 1,2,3 drawn before it took off. Icebergs went to 14:00.
Experts should be using VDU and the MACD sequences in addition to the above. FWIW, if you have point 1, you look for point 2. then you know (if you are not in and you won't be at first) that a point 3 is a good entry. If you have point 2 and guts you enter the travrese away from point2 and then reverse on point 3 and GO BACK TO "continuation modus". This is catch up tuff which is always possible.
Always reason things out. If you find out where you are in a sequence play it straight from that point on.
I will begin to recommend that ice bergers link trades from now on.
and we will take the tape off soon. you are asking "under the tape" questions.
This is the best thread on ET, IMO. I'm in catch-up mode with the material (also reading related Toolbox and Tomorrow's News threads) and should have completed a careful read-through within a couple of days. It'll take longer than that to absorb it all, I know.
But alot of this stuff already makes sense to me (as far as I can tell anyway). I'm currently trading a similar strategy to iceburgs with linked trades, and it's working for me (I'm in a world of worry-free trading, and I'm consistently ending up with points on the ES), but I know I'm rough around the edges, and can learn some refinements here. I'm leaving way too much money on the table as it is.
Today, for example, I caught the initial BO down, and then got shaken out of position by the subsequent pop-and-drop and ended up losing much of the profit from the BO. In retrospect, I would have been better off just holding my position. I think this an experience issue; next time hopefully I'll be better prepared.
Anyway, thanks to all who contribute here. I'm finding all of the comments and questions extremely helpful.
But alot of this stuff already makes sense to me (as far as I can tell anyway). I'm currently trading a similar strategy to iceburgs with linked trades, and it's working for me (I'm in a world of worry-free trading, and I'm consistently ending up with points on the ES), but I know I'm rough around the edges, and can learn some refinements here. I'm leaving way too much money on the table as it is.
Today, for example, I caught the initial BO down, and then got shaken out of position by the subsequent pop-and-drop and ended up losing much of the profit from the BO. In retrospect, I would have been better off just holding my position. I think this an experience issue; next time hopefully I'll be better prepared.
Anyway, thanks to all who contribute here. I'm finding all of the comments and questions extremely helpful.
Okay, after even some preliminary reading, I see that had I been REALLY following the iceburg scenario, I could never have been knocked out of position by the quick up-and-down after the first BO down. Instead, I would have been in the trade until the first iceburg appeared on the other side.
That would have saved me some points...
That would have saved me some points...
- Status
- Not open for further replies.