The Stochastic Indicator
- Thread starter jack hershey
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Hi Dawg and Vorzo,
Been following this thread since it started. I've learned a whole lot in the process from both of you guys and Jack. Started papertrading again last week after i noticed I was getting out too early on most of my real trades...
Last week was nice 23 1/2 points, using 1min trendlines as stops(along with the p/v relationship thing). This week was a bit harder for me as the trends were slower to form, if at all. Down 7 points for the week, mostly because of not waiting for the market to move, among other bad habits that I'm determined to break.
Anyway, thanks for posting your trades. It's a real help. I go through every day and compare yours to mine to see how i did.
Keep up the good work. I've been hesitant to post my trades here because I didn't want my own foibles to discredit this way of trading, but hopefully soon I'll have a better handle on things. Thanks again. To you too Jack, I'm havin more fun trading now than I have in a long while. Thanks for taking the time.
Squarepants
Been following this thread since it started. I've learned a whole lot in the process from both of you guys and Jack. Started papertrading again last week after i noticed I was getting out too early on most of my real trades...
Last week was nice 23 1/2 points, using 1min trendlines as stops(along with the p/v relationship thing). This week was a bit harder for me as the trends were slower to form, if at all. Down 7 points for the week, mostly because of not waiting for the market to move, among other bad habits that I'm determined to break.
Anyway, thanks for posting your trades. It's a real help. I go through every day and compare yours to mine to see how i did.
Keep up the good work. I've been hesitant to post my trades here because I didn't want my own foibles to discredit this way of trading, but hopefully soon I'll have a better handle on things. Thanks again. To you too Jack, I'm havin more fun trading now than I have in a long while. Thanks for taking the time.
Squarepants
dawg,
Real tough - down 1.50 this week = first down week. This week trends were slow and shy, lots of lateral trending, lots of CCC. Glad to see you scored 9 pts - very nice work. Can you post your trades?
Today:
#1 long rocket
Long 927.50 11:01
Sell 929.00 11:22 failure to traverse, MACD x, down vol rising
+1.50
Too early, new point 3 at 11:55 and trend resumed.
#2 VDU BO -> rocket reentry
Long 929.75 12:01
932.00 12:39 rocket failure -> channel BO -> MACD x
+2.25
An iceberg started at 14:40 and lasted until close but I was second-guessing it so I stayed out.
Day +3.75
Week -1.50
23 days/58 trades +79.00
Squarepants,
Glad I could be of help. You should post your trades too.
A nice weekend to everyone!
Well here goes...This is my log for the day. I figure I'll just post the entire thing. All trades are on the S&P emini and are based on what I've learned from this thread + my own limited experience. 
May 12 Monday
9:57 Waiting for rocket signal to begin the week.
10:05 naz testing yesterday's high.
#1 b934.25 at10:05
stop at 933.50 10:11
NAZ moving along here
stop moved to slower 1min trendline while watching P/V.
15min macd has xover up.
10:24 touched 1min trendline.
10:31 stop lowered to 924.25 from 1min trendline.
s934.00 10:32
- 1/4
#2 buy order in at 935.25 at 10:46
on anticipation of slow away trend
b935.25 10:47 stop at 1min trendline
s939.00 at 10:59
+ 3 3/4
exit at away line, and last week's high. Maybe a mistake but 11:00 time seem's like a possible pivot. Watching p/v on pullback for new #3.
11:06 preparing to get in on break through 940.00.
11:11 5min Macd convergence. Good trend so far, shallow pullback on light vol.
#3 b939.25 at 11:15 on breakout of vdu, stop at 938.00
s937.75 at 11:17
-1 1/2
11:30 watching for break above 939.50.
#4 b940.00 at11:35
stop at original 1min trendline
may exit at away line again.
vol good on breakout.
s942.75 at 11:51 exit at away line.
+ 2 3/4
Lunch
2:19 buy order in at 944.25
stop at trendline. (*needs to trade through to execute)
2:21 cancel order (after quick breakout failed)
2:52 waiting for pullback because 5min macd not there on rocket signal.
order in to buy at 945.75 at 3:21
(keeps testing the high of day946.50.)
cancel buy order at 3:22 after getting through hod.
3:35 5min Macd turning down. Not gonna wait for short rocket against a low $TRIN today.
+4 3/4 for the day (not a bad day for me).
sorry I can't post a screen capture yet. will get a program soon for that.
May 12 Monday
9:57 Waiting for rocket signal to begin the week.
10:05 naz testing yesterday's high.
#1 b934.25 at10:05
stop at 933.50 10:11
NAZ moving along here
stop moved to slower 1min trendline while watching P/V.
15min macd has xover up.
10:24 touched 1min trendline.
10:31 stop lowered to 924.25 from 1min trendline.
s934.00 10:32
- 1/4
#2 buy order in at 935.25 at 10:46
on anticipation of slow away trend
b935.25 10:47 stop at 1min trendline
s939.00 at 10:59
+ 3 3/4
exit at away line, and last week's high. Maybe a mistake but 11:00 time seem's like a possible pivot. Watching p/v on pullback for new #3.
11:06 preparing to get in on break through 940.00.
11:11 5min Macd convergence. Good trend so far, shallow pullback on light vol.
#3 b939.25 at 11:15 on breakout of vdu, stop at 938.00
s937.75 at 11:17
-1 1/2
11:30 watching for break above 939.50.
#4 b940.00 at11:35
stop at original 1min trendline
may exit at away line again.
vol good on breakout.
s942.75 at 11:51 exit at away line.
+ 2 3/4
Lunch
2:19 buy order in at 944.25
stop at trendline. (*needs to trade through to execute)
2:21 cancel order (after quick breakout failed)
2:52 waiting for pullback because 5min macd not there on rocket signal.
order in to buy at 945.75 at 3:21
(keeps testing the high of day946.50.)
cancel buy order at 3:22 after getting through hod.
3:35 5min Macd turning down. Not gonna wait for short rocket against a low $TRIN today.
+4 3/4 for the day (not a bad day for me).
sorry I can't post a screen capture yet. will get a program soon for that.
dawg,
Thanks for your encouragements. You are doing an excellent job yourself, keep it up. +10.75 pt. on a tough week - that's awesome.
Today I took almost the same trades as you - I had to leave so I exited early on the reentry.
#1 rocket-> lateral channel BO
Long 934.00 10:07
Sell 935.25 10:29 rocket failing -> MACD about to x -> channel BO with intention to reenter if new point 3.
+1.25
#2 new pt 3 -> rocket reentry
Long 935.00 10:43
Sell 938.75 11:00 at away side, had to leave for work.
+3.75
Day +5.00. A good day to trade.
I have overlaid 5MAV and 30MAV in the volume pane. Will try to figure out if it's useful - maybe these settings apply only to daily charts? Any suggestions Jack? Gotta look up formula for RSI as it's not built in.
Square, nice trading.
Thanks for your encouragements. You are doing an excellent job yourself, keep it up. +10.75 pt. on a tough week - that's awesome.
Today I took almost the same trades as you - I had to leave so I exited early on the reentry.
#1 rocket-> lateral channel BO
Long 934.00 10:07
Sell 935.25 10:29 rocket failing -> MACD about to x -> channel BO with intention to reenter if new point 3.
+1.25
#2 new pt 3 -> rocket reentry
Long 935.00 10:43
Sell 938.75 11:00 at away side, had to leave for work.
+3.75
Day +5.00. A good day to trade.
I have overlaid 5MAV and 30MAV in the volume pane. Will try to figure out if it's useful - maybe these settings apply only to daily charts? Any suggestions Jack? Gotta look up formula for RSI as it's not built in.
Square, nice trading.
Magna
Administrator
dawg and vorzo,
One very key element seems to be the infamous point #3, whether it's a continuation of the trend (simply forming a wider channel) or the beginning of a move in the counter-direction. What have you guys been using as a guide to either let #3 form (usually with stoch leaving the rocket zone, usually after an macd xo) or have you been generally just closing the trade and, like dawg yesterday, looking for a re-entry.
Jack, what do you suggest as an approach in allowing #3 to form a swing high/low as sometimes those counter-moves are very solid, and they don't stay counter for long forming the basis of a strong move in a new direction (eating up any profits or causing a loss). Or is allowing #3 strictly an intermediate strategy, and beginners have no place permitting such price movement against them, simply exiting when stoch leaves the zone. Thanks for any insights.
One very key element seems to be the infamous point #3, whether it's a continuation of the trend (simply forming a wider channel) or the beginning of a move in the counter-direction. What have you guys been using as a guide to either let #3 form (usually with stoch leaving the rocket zone, usually after an macd xo) or have you been generally just closing the trade and, like dawg yesterday, looking for a re-entry.
Jack, what do you suggest as an approach in allowing #3 to form a swing high/low as sometimes those counter-moves are very solid, and they don't stay counter for long forming the basis of a strong move in a new direction (eating up any profits or causing a loss). Or is allowing #3 strictly an intermediate strategy, and beginners have no place permitting such price movement against them, simply exiting when stoch leaves the zone. Thanks for any insights.
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