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The Stochastic Indicator
- Thread starter jack hershey
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I have at 984.2 an intense desire to reverse. But I know I should do it in two steps. Exit and bracket. (5 min)
My second level of thinking is to look at the travse cycling
People have that timing straight; we are just part way through the cycle time so we sit tight.
go back to the 15.
I hope this helps. I want you in my shoes. Do not just do stuff.
My second level of thinking is to look at the travse cycling
People have that timing straight; we are just part way through the cycle time so we sit tight.
go back to the 15.
I hope this helps. I want you in my shoes. Do not just do stuff.
Mr. Hershey:
Thanks for the opportunity to learn from your experience on this thread.
Took one es short on a rocket setup at 987.25 around 11:50 et. I scratched the trade when the macd xo and the fast sto left the buy zone. Volume was also drying up. The down trendline was still in effect.
My questions are:
1. Did i give up too soon on the rocket, or, was it acceptable to wash since the macd and sto indicated the end of the rocket?
2. Should i use the t/l as the predominant indicator?
3. Should i use the same setting for macd and sto on the 15 minute chart as we use on the 5 min. chart?
Good trading!
Thanks for the opportunity to learn from your experience on this thread.
Took one es short on a rocket setup at 987.25 around 11:50 et. I scratched the trade when the macd xo and the fast sto left the buy zone. Volume was also drying up. The down trendline was still in effect.
My questions are:
1. Did i give up too soon on the rocket, or, was it acceptable to wash since the macd and sto indicated the end of the rocket?
2. Should i use the t/l as the predominant indicator?
3. Should i use the same setting for macd and sto on the 15 minute chart as we use on the 5 min. chart?
Good trading!
by seeing through the cycle timeand hitting a VDU you get to the flaw build up period.
the 985 roughly is where the channel xovr occurs.
You can see that the signals are all over the place as we leave the trend.
becuse we are riding on the support level and the market is dealing with this. It takes another step after dealing with support to get somewhere else.
My compliments to all those who got to the 15.
we leave trend. we go to neutral. we go onward from there.
It is after 13:15 as we see.
the 985 roughly is where the channel xovr occurs.
You can see that the signals are all over the place as we leave the trend.
becuse we are riding on the support level and the market is dealing with this. It takes another step after dealing with support to get somewhere else.
My compliments to all those who got to the 15.
we leave trend. we go to neutral. we go onward from there.
It is after 13:15 as we see.
Volume tells you what is going on.
Not making it means the trend is deepening. There is a cohort required with price. the volume must increase to support the deepening. If it does not (and it didn't), then you are seeing the market recognizing that the range of trading for the day has been reached.
I know that these things are easy to get and hang on to. but you will be challenging yourself to think them up. I am not thinking them up because I have been there many times and have been where your post shows you to be. It is very important to not shrug.
Shrug is my term for "I'll never get all this stuff together and running smoothly". you are doing it all in fact. the test for knowing that you have it in hand is the Q's that come up. The fact is that if you ask the Q you really have the answer too.
This is the generic gismo before us. no one can recognize a challenge ever if they can't deal with it. The corrolary is this. Once you have a challenge you can deal with it or not. It will come back over and over until it goes away the one time you deal with it.
FTP coming up on declining volume. Lots of disagreement in the space. Lets see who wins.
Not making it means the trend is deepening. There is a cohort required with price. the volume must increase to support the deepening. If it does not (and it didn't), then you are seeing the market recognizing that the range of trading for the day has been reached.
I know that these things are easy to get and hang on to. but you will be challenging yourself to think them up. I am not thinking them up because I have been there many times and have been where your post shows you to be. It is very important to not shrug.
Shrug is my term for "I'll never get all this stuff together and running smoothly". you are doing it all in fact. the test for knowing that you have it in hand is the Q's that come up. The fact is that if you ask the Q you really have the answer too.
This is the generic gismo before us. no one can recognize a challenge ever if they can't deal with it. The corrolary is this. Once you have a challenge you can deal with it or not. It will come back over and over until it goes away the one time you deal with it.
FTP coming up on declining volume. Lots of disagreement in the space. Lets see who wins.
Ok
I am on the 5 and 15 now (only because Dawg told me to). This is an entirely new experience for me. The flaws i see are the price action not reaching the left side of the channel, and the fast stoc starting to leave the 20 (although it is back now). and finaly the channel broken. If someone, at the end of the day, post their chart with their trend channels that would help me alot. What was the proper trading fractal for the last 2 days? thanks to everyone for your help.
On a day that we open down this much should we expect the market to trade at a slower fractal?
I am on the 5 and 15 now (only because Dawg told me to). This is an entirely new experience for me. The flaws i see are the price action not reaching the left side of the channel, and the fast stoc starting to leave the 20 (although it is back now). and finaly the channel broken. If someone, at the end of the day, post their chart with their trend channels that would help me alot. What was the proper trading fractal for the last 2 days? thanks to everyone for your help.
On a day that we open down this much should we expect the market to trade at a slower fractal?
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from Jack Hershey......
"Look at the 15 and find the price support level."
---------------------------------------------------------------------
Interesting how things fit. If I look at the Daily on ESxx and see the rt line come into view around 985 ish from when pt#1 & pt#3 were formed back in beginning of April and mid May. What also comes into view on the Daily is a support line from the tops of the bars 980 - 985 ish at the end of June.
I am curious what other peoples' entry point was as well as stops? I have a very hard time with trends that start off with severe retraces.
from Jack Hershey......
"Look at the 15 and find the price support level."
---------------------------------------------------------------------
Interesting how things fit. If I look at the Daily on ESxx and see the rt line come into view around 985 ish from when pt#1 & pt#3 were formed back in beginning of April and mid May. What also comes into view on the Daily is a support line from the tops of the bars 980 - 985 ish at the end of June.
I am curious what other peoples' entry point was as well as stops? I have a very hard time with trends that start off with severe retraces.
Quote from CrescitEundo:
Ok
I am on the 5 and 15 now (only because Dawg told me to). This is an entirely new experience for me. The flaws i see are the price action not reaching the left side of the channel, and the fast stoc starting to leave the 20 (although it is back now). and finaly the channel broken. If someone, at the end of the day, post their chart with their trend channels that would help me alot. What was the proper trading fractal for the last 2 days? thanks to everyone for your help.
On a day that we open down this much should we expect the market to trade at a slower fractal?
Hope this helps Crescit, my main challenge is not bailing where I note a reversal possiblity.
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.....this post must have been missed by Mr. Hershey, since it was at the bottom of page 166. Here is a repost.......
07-10-03 01:10 PM
Mr. Hershey:
Thanks for the opportunity to learn from your experience on this thread.
Took one es short on a rocket setup at 987.25 around 11:50 et. I scratched the trade when the macd xo and the fast sto left the buy zone. Volume was also drying up. The down trendline was still in effect.
My questions are:
1. Did i give up too soon on the rocket, or, was it acceptable to wash since the macd and sto indicated the end of the rocket?
2. Should i use the t/l as the predominant indicator?
3. Should i use the same setting for macd and sto on the 15 minute chart as we use on the 5 min. chart?
Good trading!
07-10-03 01:10 PM
Mr. Hershey:
Thanks for the opportunity to learn from your experience on this thread.
Took one es short on a rocket setup at 987.25 around 11:50 et. I scratched the trade when the macd xo and the fast sto left the buy zone. Volume was also drying up. The down trendline was still in effect.
My questions are:
1. Did i give up too soon on the rocket, or, was it acceptable to wash since the macd and sto indicated the end of the rocket?
2. Should i use the t/l as the predominant indicator?
3. Should i use the same setting for macd and sto on the 15 minute chart as we use on the 5 min. chart?
Good trading!
you can see that this pm is low volume and like two days ago.
the market is in a summer neutral riding the support.
we note this and hve a good ref for the next few days.
the market is in a summer neutral riding the support.
we note this and hve a good ref for the next few days.
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