thanks so much.
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The Stochastic Indicator
- Thread starter jack hershey
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thanks so much.
Last night I cut and pasted the first 34 raw pages of the present 261.
I also printed the 261 and pencil edited 194 pages.
Whatt come up is the following. I will divide the stuff into segments. And I am underlining new points as they come up.
It looks like I can also set up a set of themes: Classified Facts (Glossary and F&Q fodder), Trading as time passes to show how improvements occur, backtesting successes and adjustments to get it right.
Finally, it looks like I can do a process sequence for learning emphasing stages and profit making levels. It turns out that this market is super for learning the hard way.
I am going to do a minimum of three edits, focussing each time on particular aspects of improvement. I usually go for clear, concise and crisp.
It is tough for anyone to do the combined task of learning and making money. By using plateaux of success, no one has to drop out because of the common mistakes of trying to use a complete canned system from the get go. That kind of alternative does not have the safe haven of making money from the start.
Things are looking up. Most of the knotheads will get a chance to see how iterative refinement really works. I appreciate the posted results and the effort the back testers are making to get things done. I am going to equip myself to do chart posting and I will learn how too. Those who post charts are extremely helpful. My coach on all this mechanical stuff, nikhoi, really saves the day almost every day.
by reading the 261 pages last night; I have a better idea of the groups of people here and the NLP status of the groups. while we haven't embarked on the transition to excellence NLP wise, it is very evident that we can bring all that out as we stack up the chips. There have been a couple of "shifts" so far. I will pick up on that as a theme in the editing as a subbordinate thing.
Thanks for all the input to give me direction on this.
I also printed the 261 and pencil edited 194 pages.
Whatt come up is the following. I will divide the stuff into segments. And I am underlining new points as they come up.
It looks like I can also set up a set of themes: Classified Facts (Glossary and F&Q fodder), Trading as time passes to show how improvements occur, backtesting successes and adjustments to get it right.
Finally, it looks like I can do a process sequence for learning emphasing stages and profit making levels. It turns out that this market is super for learning the hard way.
I am going to do a minimum of three edits, focussing each time on particular aspects of improvement. I usually go for clear, concise and crisp.
It is tough for anyone to do the combined task of learning and making money. By using plateaux of success, no one has to drop out because of the common mistakes of trying to use a complete canned system from the get go. That kind of alternative does not have the safe haven of making money from the start.
Things are looking up. Most of the knotheads will get a chance to see how iterative refinement really works. I appreciate the posted results and the effort the back testers are making to get things done. I am going to equip myself to do chart posting and I will learn how too. Those who post charts are extremely helpful. My coach on all this mechanical stuff, nikhoi, really saves the day almost every day.
by reading the 261 pages last night; I have a better idea of the groups of people here and the NLP status of the groups. while we haven't embarked on the transition to excellence NLP wise, it is very evident that we can bring all that out as we stack up the chips. There have been a couple of "shifts" so far. I will pick up on that as a theme in the editing as a subbordinate thing.
Thanks for all the input to give me direction on this.
As you see rocket start, get the trend channel. Do this on either 1 or 5 min. Prepare for a new point three.
Slow down your trade to a fractal that keeps you in the trade if you already have consistently been making money. Don't go too fast past rockets at first.
If you get down the setting up channels, then go to keeping a stop log and C&R it so you lock in profits.
You can see that the inital trend burst is steepr than the continuing trend. A kind of knee forms. Use point 2 and just set a new trend line with old point 1 and new point 3. This widens the channel.
We want over time to get all the trend in the bank.
Right now we have an unfilled gap and above that resistance. Each of these values are significant. This is like learning to ski by looking out ahead of your ski tips. We want to "feel" the snow with our bods and "see" the moves ahead with our eyes.
So far we have been looking at our ski tips as expected.
Slow down your trade to a fractal that keeps you in the trade if you already have consistently been making money. Don't go too fast past rockets at first.
If you get down the setting up channels, then go to keeping a stop log and C&R it so you lock in profits.
You can see that the inital trend burst is steepr than the continuing trend. A kind of knee forms. Use point 2 and just set a new trend line with old point 1 and new point 3. This widens the channel.
We want over time to get all the trend in the bank.
Right now we have an unfilled gap and above that resistance. Each of these values are significant. This is like learning to ski by looking out ahead of your ski tips. We want to "feel" the snow with our bods and "see" the moves ahead with our eyes.
So far we have been looking at our ski tips as expected.
1. failed rocket--->macd xo--->rocket
10:15 s(14.81, 22.22) but NOT a good macd hist reading of only -0.34 so i was in short alert mode and then the following happened...10:20 had an increasing volume reversal bar, the stoch moved out of the short zone(failed rocket) and then at 10:35 we had a 5m macd xo.
So i got long at 864.75 on the 5m macd xo. This eventually turns into a rocket signal at 10:50 s(81.82, 76.24) macd hist: +0.72 that sets up at 11:00. ride this until 11:35 where we get the low volume inside red 'vodoo' bar....while i as definitely conflicted feeling i was bailing early, the next bar was a 5m macd xo but still within up-trend channel.
long @ 864.75
sell @ 872.75 +8.00
day: +8.00 last 6 days: +24.25
2. rocket failure--->macd xo--->doh!
2:00 s(17.65, 25.88) 1:55 macd hist -0.40 low 875.25
low was not broken so NO TRADE, but i was on the lookout for a rocket failure----->macd xo trade again.
2:20 5m macd xo and entered at 877.75...also broke smaller downtrend channel (see chart) mkt reveresed and had another macd xo and i exited at 874.75. DOH!
long @ 877.75
sell @ 874.75 -3.00
day: +5.00 6 days: +21.25
3. short rocket
2:45 s(0.00, 7.41) macd hist -0.72 low 872.75
note: look at a 15m 2:30 bar - big fat bearish bar on increasing volume.
short on the break lower @ 872.50
we get a big vol spike (21,663) at 3:15 and some up movement on lower volume. 3:20 stoch is outside og short zone but withing downtrend. 3:25 macd xo and things are looking about over, but since we made a new low for this move i was drawing in a channel that wan't as steep with a new point 3(see chart) also by 3:30 we have a big 15m reversal bar formed and i put my stop at 871.75. disappointing being up 5 and only making 0.75 but i was trying to stay with the trend.
short @ 872.50
cover @ 871.75 +0.75
day: +5.75 6 days: +22.00
note: you could have reversed at 871.75 w/ a rocket end---->macd xo (and a 15m reversal thrown in) 871.75 which turns into apotential rocket setup at 3:50 and close at end of day at 874.00 +2.25.
10:15 s(14.81, 22.22) but NOT a good macd hist reading of only -0.34 so i was in short alert mode and then the following happened...10:20 had an increasing volume reversal bar, the stoch moved out of the short zone(failed rocket) and then at 10:35 we had a 5m macd xo.
So i got long at 864.75 on the 5m macd xo. This eventually turns into a rocket signal at 10:50 s(81.82, 76.24) macd hist: +0.72 that sets up at 11:00. ride this until 11:35 where we get the low volume inside red 'vodoo' bar....while i as definitely conflicted feeling i was bailing early, the next bar was a 5m macd xo but still within up-trend channel.
long @ 864.75
sell @ 872.75 +8.00
day: +8.00 last 6 days: +24.25
2. rocket failure--->macd xo--->doh!
2:00 s(17.65, 25.88) 1:55 macd hist -0.40 low 875.25
low was not broken so NO TRADE, but i was on the lookout for a rocket failure----->macd xo trade again.
2:20 5m macd xo and entered at 877.75...also broke smaller downtrend channel (see chart) mkt reveresed and had another macd xo and i exited at 874.75. DOH!
long @ 877.75
sell @ 874.75 -3.00
day: +5.00 6 days: +21.25
3. short rocket
2:45 s(0.00, 7.41) macd hist -0.72 low 872.75
note: look at a 15m 2:30 bar - big fat bearish bar on increasing volume.
short on the break lower @ 872.50
we get a big vol spike (21,663) at 3:15 and some up movement on lower volume. 3:20 stoch is outside og short zone but withing downtrend. 3:25 macd xo and things are looking about over, but since we made a new low for this move i was drawing in a channel that wan't as steep with a new point 3(see chart) also by 3:30 we have a big 15m reversal bar formed and i put my stop at 871.75. disappointing being up 5 and only making 0.75 but i was trying to stay with the trend.
short @ 872.50
cover @ 871.75 +0.75
day: +5.75 6 days: +22.00
note: you could have reversed at 871.75 w/ a rocket end---->macd xo (and a 15m reversal thrown in) 871.75 which turns into apotential rocket setup at 3:50 and close at end of day at 874.00 +2.25.
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I have been following along here and have a couple of questions that have popped up. One you might have covered but some how I read over it
1. What is the sequence of a wash trade? Is it when you are looking at a rocket trade and it fails. For instance you go long when the stochastics breaks 80 but sell your long for a flat when it comes back down thu the 80 band (or 75 band if you are using that)?
2. What is "Away" trade with the MACD?
1. What is the sequence of a wash trade? Is it when you are looking at a rocket trade and it fails. For instance you go long when the stochastics breaks 80 but sell your long for a flat when it comes back down thu the 80 band (or 75 band if you are using that)?
2. What is "Away" trade with the MACD?
I parsed it below. Look for the ****'s.
You are asking key questions. I will be editing these into the FAQ and Glossary I'm building for the journal.
Quote from cornholetrading:
I have been following along here and have a couple of questions that have popped up. One you might have covered but some how I read over it
1. What is the sequence of a wash trade? Is it when you are looking at a rocket trade and it fails. For instance you go long when the stochastics breaks 80 but sell your long for a flat when it comes back down thu the 80 band (or 75 band if you are using that)?
***I'm building a FAQ and glossary. You explanation is right on. AS a beginner, a person just wants to profit on fast trends. See the "entwined chart today by nikhoi (3m one). Whne you see that the indictors aren't confirming each other for a rocket (this is a "flaw" developing instead of what you want. You then exit by getting out at a price that is the best possible. Usually you can get out at a small profit. This doesn't cause you to become a "hair trigger out of fear, because as you practice, you get to do it smoothly and comfortably. You are entering when the second (slower line) crosses and that implies trend is there and beginning and fast pace (80 and 20 are BIG values for the STOC). When the fast line slips to the center (approaches the 20 or 80 at a steep angle and volume is not sustaining the beginning of the trend), then you perk up and take action.
2. What is "Away" trade with the MACD?
**** MACD centers on neutral. The strenght of a trend is measured by the + value of a long trend and the -value of a short trend. The further "away" from nuetral the better the trend is. A starting trend comes off neutral. How fast it bursts out is measured by the divergence that shows as a value on the histogram. We, here, on the 5 min ES use 0.4 and -0.4 as being sufficiently "away" to act on a signale from the STOC if it shows as a rocket beginning.
You are asking key questions. I will be editing these into the FAQ and Glossary I'm building for the journal.
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