what is MM?
ROCK
ROCK
The Stochastic Indicator
- Thread starter jack hershey
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Jack, I appreciate you posting in my thread and I look foward to comparing the results of our styles, and seeing if I can use your suggestions to improve. FWIW I voted you as probably a good trader on that poll. Now you are starting to prove it to me.
It is truly remarkable to know what is going on in the market at all times. Once Jack's methodology is learned, it really relaxes the trader.
Relaxed traders make money.
It is relaxing because it is not a system, but a methodology.
The methodolgy is universal in application.
Sequences, flaws, sequences, flaws.
No worries
Just something i noticed. It seems to me that many things happen in threes in the market. I think it has something to do with physics and wave formation(harmonics) but i really dont know.
Examples;
-Icebergs usually fail on the third wave.
-Rockets usually fail to traverse on the second pt 3 which is usually the third 1 min A/D cycle(after you have pt 1, price goes through A/D once creating first pt3, does it again creating second pt 3, and then failing on the third A/D push).
-Slow icebergs seem to fail or reverse often after the third a/d wave.
How this could help someone is by getting away from the hair trigger exit. For rockets, after you have the pt 1 and in rocket zone, just wait through 2 cycles of 1 min macd. After the 2 cycles the second pt 3 usually occurs so all you have to do is see if it traverses or fails to traverse the channel.
I know we arent suppost to focus on the 1 min in the beginning but i have been using it to deepen my reasons.
Examples;
-Icebergs usually fail on the third wave.
-Rockets usually fail to traverse on the second pt 3 which is usually the third 1 min A/D cycle(after you have pt 1, price goes through A/D once creating first pt3, does it again creating second pt 3, and then failing on the third A/D push).
-Slow icebergs seem to fail or reverse often after the third a/d wave.
How this could help someone is by getting away from the hair trigger exit. For rockets, after you have the pt 1 and in rocket zone, just wait through 2 cycles of 1 min macd. After the 2 cycles the second pt 3 usually occurs so all you have to do is see if it traverses or fails to traverse the channel.
I know we arent suppost to focus on the 1 min in the beginning but i have been using it to deepen my reasons.
This is an excellent and precise statement of how a person goes to "anticipation".
Everything goes along until the dynamic is difficult to maintain with equal driving forces. Any energy that has to be devoted to "new territory" sways the dynamic balance. The traders who are "old" holders from entries long ago, in this presently new territory to us, are making decisions vis a vis their drawdowns and loss experience bridging across to the present. These may be commercials or producers (the financial industry has both). The postion trading aspect is alway there.
This is an excellent post. So very perceptive.
Quote from oddiduro:
It is truly remarkable to know what is going on in the market at all times. Once Jack's methodology is learned, it really relaxes the trader.
Relaxed traders make money.
It is relaxing because it is not a system, but a methodology.
The methodolgy is universal in application.
Sequences, flaws, sequences, flaws.
No worries
I appreciate your very personal comments about feelings in a context.
The Seamless, continuous trading (SCT) context is a very exceptional place to operate.
Doing the transition stage out of ice bergs into expert is our Labor Day prep.
By going to indicators that are "5" oriented, we get a very snappy monitoring response system. By having this in operation the exit questions are being better answered by anticipating reversals on medium paced trends. See one of my weekend posts on provisional choices on trend reversals or slaloming congestion at S or R. I will dig for it and move it here.
Linking intermediate trades through STOC 5, 2, 3 reversals is a major relaxation experience as well
we could view trading in several ways:
Stay with rockets and add contracts up to partial fill level.
Take intermediate icebrgs to SCT by using additional contracts too.
Become experts, and do it all: rocket or iceberg into CCC and slalom CCC to sidelines and then bracket back in to go again on 50% neutral BO's. Add contracts and keep adding until you have to do partial fills as SOP.
Youwill notice soon, that we are running ahead of scalpers. With the advent of the VDU, we got to push. the other factor is that scalpers are continuation (entry/exit) types and we are two fold strategy types. Our "change' strategy kicks in with reversal before entry on the scalper continuation strategy. sowe have volume coming in behind us TWICE. On the scalper entry and on the scalper hand off exit when they sideline.
you probably found some of this out by doing wash trades. the exit timing doesn't have to be rushed because scalpers are always sitting there to help you out (meaning exit..lol)
excellent post; your expression of feelings is so on the mark.
Hi everyone. I had a tough time today. On an emotional level I am a very immature trader and being married to the 1 minute does not help my hairy triggers. SCT is a bit advanced for me. Emotionally I am not there yet. Technically as well.
Looking at todays' 5 min chart I saw some beautiful channel formations. Using macd xover points in conjunction with failure to traverse to the left trend line did signify clearly transitions for existing channels ending and new ones starting. However I am still having a hard time integrating the stoc(5,2,3) as an additional signal. Could someone please state how this is used as a reversal signal in conjunction with the stoc(14,1,3) ?
I was wondering if anybody else here could list their 4 back stop list for the whole trading day? I am not sure if 4 back always refers to 4 bars back (h or l) on the trading fractal? If so I think I would get stopped out early ?
{ Any reponses greatly appreciated
}
Looking at todays' 5 min chart I saw some beautiful channel formations. Using macd xover points in conjunction with failure to traverse to the left trend line did signify clearly transitions for existing channels ending and new ones starting. However I am still having a hard time integrating the stoc(5,2,3) as an additional signal. Could someone please state how this is used as a reversal signal in conjunction with the stoc(14,1,3) ?
I was wondering if anybody else here could list their 4 back stop list for the whole trading day? I am not sure if 4 back always refers to 4 bars back (h or l) on the trading fractal? If so I think I would get stopped out early ?
{ Any reponses greatly appreciated
}
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