The Stochastic Indicator

[bubba7]

Quote from Magna:

The trendline going back to the low of 958.25 set on 8/5 is still intact, yesterday's lows came within a few ticks of it and bounced, that's where the rally started late afternoon.

You have this down cold.

Please post a 30 min showing your lines. This will straighten every one out on the S/R slope at this time.

secondly if you have right sides on the daily trends that would be great. If not give it a try for us. It will tie together the daily ranges and the IT you commented upon. some of them start and stop at points not the day end.

Bdixon is onto gaps and volatility operating cells we can get warmed up for that with your charts.

If you wish (your call) do the same for each of the IT's (5 others) for this quarter. I ask because I will tuck them in ot version II edit if you do.

 

[bubba7]

Quote from laziz314159:

10:53 short rocket @ 985 (anticipated)
11:02 eyeing macd xover 1m, but signal line is far out, wait to see if it reverses

11:06 getting nervous

11:11 cant figure out what's next, declining vol, time to exit.. cover @ 984 (+1)

--laz

Focus on volume more.

You did figure out what was next: It was nothing. get three lines drawn as rays.

vorso: you will like q chart. Look at the A/D indicator for a sec.

 

[bubba7]

Quote from nwbprop:

This is how i saw the morning rocket. Got short at 9:49 realizing that i was getting short on the second pt 3. Our pt one was at open, pt 2 @ 9:37, pt 3 @ 9:41, 2nd pt 2 @ 9:44, and i was shorting on the second pt 3. It then traversed the channels until it failed to traverse at 10:00. I therefore covered my short and got long.

I know everyone hates using the 1 minute but i use it purely for finding flaws in the sequence. I dont worry about price, i am just watching for the next pt.


I think i could probably do this same sequence on longer time frames as well. The longer time frame stuff that Jack is talking about is pretty interesting. I still dont really understand it though.

Follow magna's lead on the IT and the quarterly channel. we need to have this down cold by Labor Day.

You are grooving and to prevent getting to hair trigger, do drop back to the 5 min when your gut lets you.

See on the five how right now( just before noon, ugh 15:00 your time) the black inside bar and increasing volume takes everything off neutral and then price begins to roll.

 

[bubba7]

Quote from vorzo:

For the past two weeks I've had data feed problems and had to switch vendor. Currently trying out QCharts & Sierra.

Thanks to everyone for the great contributions. Posting your thoughts helped me catch up on things, so I will use the same format.

I switched from candles to bars as I find it easier to see the big picture (candles make you focus on the colors too much).

9:45 rocket signal -> fine tune entry -> waiting for LOD bk (9:47 1m bar) -> 2m later 1m MACD x up -> wait for pt 3
This was good for reversal into CCC/iceberg with 5,2,3 supporting.

10:07 FBo down (1m) -> riding support, no stops on log

10:20 BO -> stoc at 50 -> waiting for bk of 10:23 bar ->
long 984.00 10:28

-> rocket -> pt 2 at short channel since yest open -> no flaws to pt 3 at 10:38 -> trav left -> stall at yest afternoon high -> trav right -> fail trav (marginal new high at 10:51 on low vol) -> 5m MACD convg -> exit 988.00

Day +4.00

Early exit (hair trigger) , legitimate exit on11:00 bar on fail trav -> MACD x.
Stochs in the zone all this time -> wait for 2nd pt 3 warranted -> came at 11:15 -> fail trav 11:20.

Cheers,
vorzo

You can play with the Stoc 50 club with the proviso volume is sufficient to not allow a LEHGTHY stall or a dip on the 1 min. They happen but they have to come unglued soon.

 

[bubba7]

Write out that sequence on the 5 min.

The entry, reversal and reversal.......... is being telegraphed to you.

You have volume, inside bars and VDU.

the narrow IT channel and this lateral is the most excellent expression of how our stuff rolls in the money all the time.

you are now running ahead of the scalper's action.

I remember how VDU hit for the rocket and icebergs giving you the flaw signal.

Creep into he groove by doing the pro rata on the 5 min or allow yopurself to go to the 1 min and come back ASAP after this is over.

 

[bubba7]

Quote from bubba7:

Write out that sequence on the 5 min.

The entry, reversal and reversal.......... is being telegraphed to you.

You have volume, inside bars and VDU.

the narrow IT channel and this lateral is the most excellent expression of how our stuff rolls in the money all the time.

you are now running ahead of the scalper's action.

I remember how VDU hit for the rocket and icebergs giving you the flaw signal.

Creep into he groove by doing the pro rata on the 5 min or allow yopurself to go to the 1 min and come back ASAP after this is over.

Ohhh...BAR COLOR... BAR COLOR... I gave you that yesterday as an aid....

 

[bubba7]

When this gets to convergence sideline.

 

[laziz314159]

15:00 long rocket 990.25

failed to obey the vdu (15:05). failed to recognize my mistake until it was too late-- chased down to c&r at 987.25 (-3 pt, 15:14)

...which was of course one tick off the bottom..

...after being mesmerized by my royal screwup (getting worse by the second), I finally c&r'ed again...

(can you see it coming?)

..at 989.50 (-2.25 pt, 15:28)

at this point I got a grip on myself and held through the gyrations, to exit at 989.75 (+.25 pt, 16:08)

Leaving me at -1.75 pt for the day.

Argh. There's not any excuse. I really do know better. On the positive side, I'm starting to really see the possibilities with failed rockets.



regards,
laz

 

[vorzo]

Quote from bubba7:

I think I'll do an exercise of the day from now on.

Do this. On the trading fractal (5 min normally) look at the color of volume bars (mine are coded to price, up black, down red).

When you see a relatively high bar (recent one) the color is the trend direction.

Draw a vertical line on the chart between where they change their indications. Notice that when it does cross the indicators that they are between signal readings If not move it a little bit.

I know this sounds dumb and corny but it will relieve tension from what if land.

Jack can you post a chart of this please.

Thanks,
vorzo

 

[Magna]

Quote from bubba7:

Please post a 30 min showing your lines. This will straighten every one out on the S/R slope at this time.

secondly if you have right sides on the daily trends that would be great. If not give it a try for us. It will tie together the daily ranges and the IT you commented upon. some of them start and stop at points not the day end.

If you wish (your call) do the same for each of the IT's (5 others) for this quarter. I ask because I will tuck them in ot version II edit if you do.

Attached is a 30m of the current IT channel(s). I'm having some problems with my screen-capture across multiple monitors but I'll get this figured out and try to have other charts posted by the weekend. (Note: it's captured from 1280x1024 screen so you may need to adjust in your browser)