Here's a follow up to a trade idea I posted last week and a
great example of how to use the 60 period Stochastics, notice how
that Short worked well when the 60 period Stochastics fell below
80% about a week ago. Really it's been working well for a
while for both shorts and longs.
Our use of Stochastics is definitely a BPT custom thing
Thanks for the Apple charts, love that negative RSI divergence
on the weekly Apple chart.
If you can make time, that would be excellent and we would all
be very interested and thankful to see how you use Stochastics,
Matt. Looking forward to it. Have learned so much more
than I knew before in the last week since joining, and continue to
learn new and important things every day, thanks to you,
Steve and everyone here.
looking out longer term, here's a weekly chart of AAPL, so on
the flip side, when that 60 period stochastics finally crosses back
below 80%, it may signal an end to the easy buy and hold that has
been working for traders for AAPL
AAPL 60 min trade idea follow up
Posted by matt on 30th of Jun 2010 at 01:35 pm
Here's a follow up to a trade idea I posted last week and a great example of how to use the 60 period Stochastics, notice how that Short worked well when the 60 period Stochastics fell below 80% about a week ago. Really it's been working well for a while for both shorts and longs.
Our use of Stochastics is definitely a BPT custom thing
Matt .... Can you post
Posted by nichi on 30th of Jun 2010 at 01:43 pm
Matt .... Can you post the Dynamic Chart Link for the Apple Chart pls
Sure, here you go: AAPL
Posted by matt on 30th of Jun 2010 at 01:46 pm
Sure, here you go: AAPL 60 min chart
One thing I may try to do over the weekend is to do a write up on the Stochastics and the way I use it.
Hey Divergence Guy
Posted by beth on 30th of Jun 2010 at 02:22 pm
Thanks for the Apple charts, love that negative RSI divergence on the weekly Apple chart.
If you can make time, that would be excellent and we would all be very interested and thankful to see how you use Stochastics, Matt. Looking forward to it. Have learned so much more than I knew before in the last week since joining, and continue to learn new and important things every day, thanks to you, Steve and everyone here.
looking out longer term, here's
Posted by matt on 30th of Jun 2010 at 01:41 pm
looking out longer term, here's a weekly chart of AAPL, so on the flip side, when that 60 period stochastics finally crosses back below 80%, it may signal an end to the easy buy and hold that has been working for traders for AAPL
AAPL weekly chart