Quote from bdixon619:
jack,
I'm thinking you're showing some anger. Why? I'm not the only one who offered a different version of stochastics. There have several attempts to figure out exactly what you are saying. I don't fault you for that. What I disagree with is your almost constant attempt to denigrate the contributions of others to this thread that may not agree with your point of view. Or to put it another way, its your way or the highway.
Take a look at this thread: http://www.elitetrader.com/vb/showthread.php?threadid=13888
scroll down and look at the post entitled "A stochastic example". This guy, like me uses a doubly smoothed stochastic oscillator. Reviewing his *.gif files reveals he uses a time frame similar to mine for the NAZ index his are a fast line of 15 and a slow line of 65 whereas mine are a fast line of 15 and a slow line of 43.
So the other day when I asked if anybody was trading the "Chop", I was curious, because there are other ways of trading stochastics than the ones you are describing.
Bruce
Hi bruce:
The points you got from what I said are yours and enjoy.
4 out of 5 people disagree with me. And you see that what I am starting with here is shown in backtesting to be a failure by those who are doing it for a benefit to others.
In most efforts people make as a common thing, the most important activity is trying to understand each other. What I am constantly doing is putting forth in a proactive creative manner is how to begin to make some money consistently and steadily. I also feel, clearly, that the level to be made on a contract is the determinant of the level of success of the person.
You see me as an angry dude. Enjoy.
thank you for the two stochastics examples. their settings are examples of "bridging" with an indicator and as a consequence it does not gives "signals". I hope anyone who want to use either does that. You make an example of a person who misses stuff in this manner. the market follows sequences and they should be taken advantage of at all times. we see almost every day at the end of each fast paced rocket, the advent of congenstion, convergence and centering. After the centering there is a trend break out. You see "chop" and you also want to know something in regard to it. Others post and email me about it too. They are learning about what they want to learn about; I contribute my views.
There is a connection, for me, between wash trades and the congestion, convergence, and centering (chop to you). By getting good at wash trades, a person can then do trades as he comes out of rockets (after he has made three times his initial capital).
Trading into congestion is not a beginner or intermediate thing.
What usually happens is "whipsawness". I can achieve some kewl stuff by combining rocket exits and wash trades. The important goal to evolve to is to get a person (beginner) to exit on the "away" side of a trend. This is on a long trend the top. this is on a short trend a bottom.
If a person does this correctly then all I ask is that he double down on the contracts as well. I convert wash trades to do this as a warm up with some people (They will begin by reversing on washes). It is like a spinnaker jibe going down wind. Youdon't change the direction of the boat you just put the main and spinnaker on the etter sides for your next move. Think of being stalled in a flat trade and reversing in the stalled flat trade. There is no loss at all. You are just at risk not making any money by being in a trade that is still flat. If i connect this stuff to an "away" exit on a rocket by reversing into the first retrace I am still making money. As the congestion sets the channel width we reverse into more profits and it is just a slalom along the channel from then on. You "see" chop. We see signal after signal until the cenering is signalled and we sideline and set up for the BO out of thecentering into another rocket.
Stick with your setting they bridge all these signals. You do not get to a point where you can use your default or the "smoothed" one. Smoothing is what makes it impossible to pickup a Fast line "slow entwining in a congestion and then convergence sequence. that is why I presently have different middle numbers on different stocastics so people can see how the set up for making "nickels" on congestion.
You view of me is what you make it. enjoy. Disagree and dislike to your hearts content. Be critical everyway thet lets you vent. whatever you do turns into an educational experience for others each time you step up to the plate and take your swings. I'm contributing to improve people's batting averages.
