But that brings up a question: what does "triggered"
really mean? Clearly, a trigger has to be relative to the
time setting of a given chart. Does something trigger when
it's above a trigger value until there's a new bar (for the SRS
chart, that would be 60 minutes)? Or does it trigger if
simply moves above the trigger value?
Mike, it never triggered. I said yesterday that more than
likely the 14/3 stochastics needed to fall back to oversold levels,
that's what's happened today.
wait for 55 perid stochastics to cross up over 20%, that's it, i
thas not triggered
here's the chart, you can see my comments from
yesterday. If you have the position, dont' add to it
until it triggers. Eventually it will go, but for now it's
still in the downtrend wedge
Posted by timwilson on 5th of Mar 2010 at 04:02 pm
Didn't program trend line, programmed the 60min55period Sto like
Matt said to do. The only possible mistake was not making it a
confirming Sto that looked back to the previous bar Sto. But that's
par for me -- I have been had by the stock market in more ways than
you can shake a stick at -- and that one has been used on me at
least 15 times.
Not all charting services have exactly the same readings for the
RSI and probably other indicators. StockCharts.com never went to or
above the 20 line on Sto 60 on the SRS 60 min chart,
God people, that trade is not triggered, wait for it to actually
trigger, Stochastics is below 20%.
wait for it to actually trigger. it could have triggered
this week, but didn't, next week it could trigger monday, or
tuesday or wednesday, who knows, but let it trigger. if you bought
some week, that was fine, but sometimes that happens when you buy
earlier, you either get lucky or you don't. Use stops or
scale into an amount that you can ride out. I bought a
little bit this week as an early scale in but sold for small loss
on Thursday afternoon (ahead of the jobs data). I'll buy
again when stochastics actually triggers.
plus the longer that stochastics stays below 20%, the better it
will pop, so I like the fact that it's still going down, will just
make for a better pop when finally does go.
Posted by pthoreson on 5th of Mar 2010 at 03:27 pm
I do like SRS at these levels, unfortunately I started my
position yesterday........ All we need now is for Very Bullish
Monday to have its rug pulled out from under it. But, given the
complete lack of sellers today, in fact the fewest I have
seen on the TICK chart in a long time, I could
see follow through coming Monday.
Not only have there been no -1,000 TICK readings today, there
have only been a handful of -200! Several +1,000 TICK readings, and
pretty much every TICK bar on my 4 minute chart has been over +400.
WHOA! As I am writing this we have the first -400 TICK.
SRS?
Posted by mikeovanes on 5th of Mar 2010 at 12:46 pm
Anyone have any thoughts?
FWIW, it also triggered on
Posted by algyros on 5th of Mar 2010 at 02:21 pm
FWIW, it also triggered on Multicharts.
But that brings up a question: what does "triggered" really mean? Clearly, a trigger has to be relative to the time setting of a given chart. Does something trigger when it's above a trigger value until there's a new bar (for the SRS chart, that would be 60 minutes)? Or does it trigger if simply moves above the trigger value?
Mike, it never triggered. I
Posted by matt on 5th of Mar 2010 at 12:53 pm
Mike, it never triggered. I said yesterday that more than likely the 14/3 stochastics needed to fall back to oversold levels, that's what's happened today.
wait for 55 perid stochastics to cross up over 20%, that's it, i thas not triggered
here's the chart, you can see my comments from yesterday. If you have the position, dont' add to it until it triggers. Eventually it will go, but for now it's still in the downtrend wedge
Matt, its' the 55,3,3 on
Posted by spotswood on 5th of Mar 2010 at 01:01 pm
Matt, its' the 55,3,3 on a 60 correct? I got a trigger yesterday around 7.14, no? In fact it went to around 22 before falling back. Please explain.
It triggered on my Strategy
Posted by timwilson on 5th of Mar 2010 at 02:02 pm
It triggered on my Strategy Desk too. And today it hit my stoploss --so now I'm out ANOTHER $150.
Tim
timwilson, How did you program
Posted by junkie on 5th of Mar 2010 at 02:22 pm
timwilson, How did you program the trend line on the StrategyDesk? Curious if that could be done.
Didn't program trend line, programmed
Posted by timwilson on 5th of Mar 2010 at 04:02 pm
Didn't program trend line, programmed the 60min55period Sto like Matt said to do. The only possible mistake was not making it a confirming Sto that looked back to the previous bar Sto. But that's par for me -- I have been had by the stock market in more ways than you can shake a stick at -- and that one has been used on me at least 15 times.
Tim
Use other indicators for a
Posted by junkie on 5th of Mar 2010 at 04:13 pm
Use other indicators for a swing trade. I posted an RSI signal on the dailies, that's a better entry. You sold exactly where you should have bought.
Not all charting services have
Posted by erty on 5th of Mar 2010 at 01:05 pm
Not all charting services have exactly the same readings for the RSI and probably other indicators. StockCharts.com never went to or above the 20 line on Sto 60 on the SRS 60 min chart,
Sorry Sto 55
Posted by erty on 5th of Mar 2010 at 01:06 pm
Sorry Sto 55
long SRS is a bad trade
Posted by andreac on 5th of Mar 2010 at 02:57 pm
very bad trade in my opinion, it is now below the wedge, meaning it broke below the wedge, which negates the bullish wedge pattern
very typical for SRS, it's way over played by Wall Street, not a good race horse anymore in my opinion
God people, that trade is
Posted by matt on 5th of Mar 2010 at 03:04 pm
God people, that trade is not triggered, wait for it to actually trigger, Stochastics is below 20%.
wait for it to actually trigger. it could have triggered this week, but didn't, next week it could trigger monday, or tuesday or wednesday, who knows, but let it trigger. if you bought some week, that was fine, but sometimes that happens when you buy earlier, you either get lucky or you don't. Use stops or scale into an amount that you can ride out. I bought a little bit this week as an early scale in but sold for small loss on Thursday afternoon (ahead of the jobs data). I'll buy again when stochastics actually triggers.
plus the longer that stochastics
Posted by matt on 5th of Mar 2010 at 03:16 pm
plus the longer that stochastics stays below 20%, the better it will pop, so I like the fact that it's still going down, will just make for a better pop when finally does go.
I do like SRS at these
Posted by pthoreson on 5th of Mar 2010 at 03:27 pm
I do like SRS at these levels, unfortunately I started my position yesterday........ All we need now is for Very Bullish Monday to have its rug pulled out from under it. But, given the complete lack of sellers today, in fact the fewest I have seen on the TICK chart in a long time, I could see follow through coming Monday.
Not only have there been no -1,000 TICK readings today, there have only been a handful of -200! Several +1,000 TICK readings, and pretty much every TICK bar on my 4 minute chart has been over +400. WHOA! As I am writing this we have the first -400 TICK.
Let's not even talk about the VIX! Ouch.
RSI(14,D)<30 on SRS just triggered.
Posted by junkie on 5th of Mar 2010 at 04:08 pm
RSI(14,D)<30 on SRS just triggered. It's a buy signal on daily charts, close to a bottom.
Exactly - Not all setups
Posted by steve on 5th of Mar 2010 at 03:16 pm
Exactly - Not all setups trigger.