The Stochastic Indicator

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Yes, I agree. I use stochastics with a great deal of success.

You need 3 indicators basically.

1.)trend....MAs or EMAs

2.)range.....Bollinger bands, channels, or pick one

3.)oscillation....stochastics, CCI, RSI or pick one.

Personally it is EMA, BB and Stochastic for me.
 
Quote from Ditch:

Some people just don't know how to use the stochastic. Take a look at the attached chart. Every time the fast stoch pulled back to 80 you would have had an excellent short entry.
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What in the hell are you trying to do - give the store away?

Let the poor fools continue to think that stochastics are overbought/oversold indicators.

If I were you, I'd ask the moderator to remove that post before too many people see it!!!
 
Quote from jack hershey:



you can see how by building on the "fast pace only" beginner thing and including slow paces too that you creep up from 90,000 a year beginner level per contract to 150,000 by adding slow pace.
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90,000 a year beginner level??

Give me a break.
 
stochastic is not a perfect indicator, because there is no perfect indicator. Personally I find stochastic usefull when it agrees with another oscillator like MACD, however both can be useless if there is a strong trend.
 
Quote from MondoTrader:

stochastic is not a perfect indicator, because there is no perfect indicator. Personally I find stochastic usefull when it agrees with another oscillator like MACD, however both can be useless if there is a strong trend.
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I find it strange that you use one oscillator to confirm another oscillator, that's hardly a good way to get any new information that the first oscillator does not already contain. As for a strong trend they are useful too, you just need to know how to use them. In fact, they can even tell you that you have a strong trend and then using them you can pinpoint pullbacks for entering the trend.
 
Quote from jack hershey:


if my stuff is hard to read to one of two things: use a yellow high liner to accent stuff. Or second after you highlight use black to kill about half the rest. Do not cross out the annual money made; you need to underline that in green.
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Jack,

You're a hoot. :)

Not quie sure what to make of you, but I'm enjoying your posts.

g
 
Jack, I asked if you could post a chart of a day in ES with your "fast pace" stochastic trades. You keep saying that "fast pace" style is the simplest one and one that people should start with.. OK, so teach us the fast pace trading with stochastic. Everyday post a 5min ES chart, with fast pace stochastics trades clearly marked on it. If you do that even for a week or two, people might start getting it. Otherwise doing posts, here and there without illustrating charts is not gonna be very useful to those who'd like to learn. So I propose this... you start a thread on Fast Pace Stochastic trading, and post charts in the manner I described. If the stuff works, in year we'll all have made 90-whatever-K and we'll all be very thankful to you.
 
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