What an incredible day. Thank you, Jack, for your lessons. This is the kind of day in the past where after a very good morning I would have been wiped out in the afternoon looking for "follow through." I used a "change" tool today and reversed after a failure of a failure to breakout. Thanks again, Jack. And please keep it coming.
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The Stochastic Indicator
- Thread starter jack hershey
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Quote from nwbprop:
today i posted the 5 minute. I think we had a failed rocket short due to the economic numbers, followed by a long medium iceberg.
jc
I noticed you include overnight data in your use of indicators. You might consider using data only from 09:30 - 16:15 EST. I've found the indicators work better this way, even considering the frequent discontinuities. (Just be sure to wait for synch.) You would then have noticed that this morning's rocket actually started yesterday afternoon.
Quote from jack hershey:
open .
everyone goes in short at sync
experts reversal on the end of rocket. Salom until 12:00 when centering starts. Bracket in by setting up on the centering.
beginners out on end of rocket go in long at 11:15 to 11:35 13:00 minus or so go in at 14:20.
Intermediates hang with short to 11:15 . you go short and have a loss around 12:15. Yoiu can wash here and so can beginners. If you wash you can go in at 12:50 and you are still hanging in.
this was a failure to BO on the IT trend I suggested yeaterday. we have broken back up into the original channel
Set a new point 3 for the IT channel.
i ill deal with a million details asap
Since you said you are going to deal with a million details asap, you might be already covering this. When you would have slalomed between the failed rocket and the centering at 12:00, how many trades would you have taken? I count 4 optimal trades; failed rocket reversal long to 10:30, short from 10:30 to 10:56, long from 10:56 to 11:30, short from 11:30 to 11:47. Of course these may be totally wrong. Also, was i wrong in thinking that a long iceberg was created? you say that intermeditaes should have taken the SHORT at 11:15, this leads me to believe that i was wrong in my iceberg(medium/slow pace) that i posted earlier.
jc
Quote from icarus618:
I noticed you include overnight data in your use of indicators. You might consider using data only from 09:30 - 16:15 EST. I've found the indicators work better this way, even considering the frequent discontinuities. (Just be sure to wait for synch.) You would then have noticed that this morning's rocket actually started yesterday afternoon.
I see what you mean. I will definately look into this, as i did miss the short rocket this morning waiting for the 1 min macd to xover(1 min xover rule is something i use). I am gong to start bracketing the open anyway and look for continuation. this would have also got me that short rocket this morning.
thnks icarus,
jc
I was off so I had some time to trade.
Mon
#1 short rocket
10:41 short 975.00
10:45 cover 975.75 washed as I noticed I entered at away side. Bad trade. Holding through 3 pts in the red would've put me back at the right side - but this is hindsight.
-0.75
#2 short rocket
14:38 short 977.75
14:45 cover 979.25 same story - entry at away side; besides MACD was neutral. Bad again.
-1.50
Midday there was a nice iceberg turned rocket.
#3 rocket reentry
15:10 short 976.50
15:38 975.00 rocket failure -> faster channel BO -> MACD x. Hindsight: holding for the 2nd pt 3 for 3 more pts.
+1.50
Day -0.75
Lack of focus -> bad entries.
Tue - afternoon only
#1 long rocket
14:21 long 972.75
14:47 sell 978.50 failure to trav faster channel. Too early - stochs still in the zone -> slower channel through close. Final traverse of slow channel failed at yest afternoon's high -> indication of tomorrow's bias?
+6.25
Day +6.25
Week +5.50/4 trades
Mon
#1 short rocket
10:41 short 975.00
10:45 cover 975.75 washed as I noticed I entered at away side. Bad trade. Holding through 3 pts in the red would've put me back at the right side - but this is hindsight.
-0.75
#2 short rocket
14:38 short 977.75
14:45 cover 979.25 same story - entry at away side; besides MACD was neutral. Bad again.
-1.50
Midday there was a nice iceberg turned rocket.
#3 rocket reentry
15:10 short 976.50
15:38 975.00 rocket failure -> faster channel BO -> MACD x. Hindsight: holding for the 2nd pt 3 for 3 more pts.
+1.50
Day -0.75
Lack of focus -> bad entries.
Tue - afternoon only
#1 long rocket
14:21 long 972.75
14:47 sell 978.50 failure to trav faster channel. Too early - stochs still in the zone -> slower channel through close. Final traverse of slow channel failed at yest afternoon's high -> indication of tomorrow's bias?
+6.25
Day +6.25
Week +5.50/4 trades
Attachments
Quote from vorzo:
I was off so I had some time to trade.
Mon
#1 short rocket
10:41 short 975.00
10:45 cover 975.75 washed as I noticed I entered at away side. Bad trade. Holding through 3 pts in the red would've put me back at the right side - but this is hindsight.
-0.75
#2 short rocket
14:38 short 977.75
14:45 cover 979.25 same story - entry at away side; besides MACD was neutral. Bad again.
-1.50
Midday there was a nice iceberg turned rocket.
#3 rocket reentry
15:10 short 976.50
15:38 975.00 rocket failure -> faster channel BO -> MACD x. Hindsight: holding for the 2nd pt 3 for 3 more pts.
+1.50
Day -0.75
Lack of focus -> bad entries.
Tue - afternoon only
#1 long rocket
14:21 long 972.75
14:47 sell 978.50 failure to trav faster channel. Too early - stochs still in the zone -> slower channel through close. Final traverse of slow channel failed at yest afternoon's high -> indication of tomorrow's bias?
+6.25
Day +6.25
Week +5.50/4 trades
How do you delete your post? I made a mistake and wanted to erase it...
Quote from nwbprop:
Since you said you are going to deal with a million details asap, you might be already covering this. When you would have slalomed between the failed rocket and the centering at 12:00, how many trades would you have taken? I count 4 optimal trades; failed rocket reversal long to 10:30, short from 10:30 to 10:56, long from 10:56 to 11:30, short from 11:30 to 11:47. Of course these may be totally wrong. Also, was i wrong in thinking that a long iceberg was created? you say that intermeditaes should have taken the SHORT at 11:15, this leads me to believe that i was wrong in my iceberg(medium/slow pace) that i posted earlier.
jc
nwb,
I see the same slalom trades on the historical, but in real time entry/exit would probably be 1-2 min after the times you posted. Did you take these trades?
Would the entry/exit signals be something like:
1m stochs leave zone AND MACD x, confirmed by volume and S/R areas.
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