The Stochastic Indicator

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dawg the time between the fast peaking line and the xover rapid convergence means the histogram is collapsing fast to zero. With this going on you can count on it diverging well after the xoover as the next part of the sequence.

We are looking for the widest angle between the fast and slow line for a reversal. Just as Alain sees the congestion being wide aftr a rocket run, he is reversing on the peak by doing this above stuff to get out of trend on the high side. then he is going to slalom on the congestion for about 4 to 6 profit taking reversals.

If you go into a short off a gap open up you can catch that short beginning by using the MACD between the peak and xover.

we will all tune up stuff after we get to "seeing" these endings.

i will also go to the 1 min soon so you can see this as an anticipation.
 
Quote from jack hershey:

Ice bergs are slow trends and beginners have to stay out of these.
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Quote from jack hershey:
http://www.elitetrader.com/vb/attachment.php?s=&postid=210817

green is intermediate and that is an ice berg trade you see there
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Quote from jack hershey:

a long trend at a slow pace with the 20 80 taped (intermediate level trading) looks like icebergs flaoting in a row (count three usually. You enter when "over sold" appears as firt iceberg. You hold thorugh the second and third iceberg. You didn't exit like in fast pace because the "oversold was" sustained... old notices this.
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Attachments

3 Mar

Long 09:35 848.50 exit 10:05 848.75 +0.25
Short 10:45 844.25 exit 11:45 841.50 +2.75
Short 14:20 836.75 exit 14:50 836.75 0

total 3
 
...and so it goes

Jack thought that I should step up to the "intermediate level" - I respectfully disagree. I remain unable to allow the trades to fully play out - a major discipline problem that must be corrected. While I firmly believe in the method, and fully understand the "beginners level" rules, I still override them, almost always to my detriment.

09:45 Short @831.75
09:56 Out @829.50

The Ten o'clock report scared me away - burned too many times.

I passed on the 11:10 signal - the volume was dropping, and...

Took a two-hour nap, so I don't know what went on.

02:05 Short @827
02:27 Out @825.50

I used the one-minute XO as an excuse to cut and run, costing myself about two points.

Bottom line: Plus 3 3/4 on the day. Not bad, but the inability to stay with the trades, as per the "rules" troubles me.
 
Quote from tampa:

...and so it goes

Jack thought that I should step up to the "intermediate level" - I respectfully disagree. I remain unable to allow the trades to fully play out - a major discipline problem that must be corrected. While I firmly believe in the method, and fully understand the "beginners level" rules, I still override them, almost always to my detriment.

09:45 Short @831.75
09:56 Out @829.50

The Ten o'clock report scared me away - burned too many times.

I passed on the 11:10 signal - the volume was dropping, and...

Took a two-hour nap, so I don't know what went on.

02:05 Short @827
02:27 Out @825.50

I used the one-minute XO as an excuse to cut and run, costing myself about two points.

Bottom line: Plus 3 3/4 on the day. Not bad, but the inability to stay with the trades, as per the "rules" troubles me.
More...

Okay let's try hard to get the basic rules to work first. It will be worth it for a while to ignore all the nuances from your past and just keep it very simple. But soon you will be able to go over to the 5,2,3.

The news stuff in particular has to be disregarded. The market knows before any of do usually.


Today is almost a classic for being flat. THe drift is very natural on this low volume.
 
Quote from tampa:




Challenger Layoffs Report for February (10 am ET)
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Interesting. My news service doesn't even report that. Maybe I need a new news service.

OldTrader
 
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