Hmmm... JMHO but I would wait for the trigger. Also you could
backtest this strategy or paper trade it at least. In the time slow
stoc 60,3 has remained above 80, $SPX has run from 1308 to 1320.
Who says it can't stay overbought? How would you be stopped out if
you don't have a trigger? Just thoughts...
I just remember that a signal can stay extended overbought or
oversold usually as long as it wants and usually longer than
my patience or endurance, hehe.
Even if the line breaks slightly with today's tight range it can
be a fake out ....
Hmmm... JMHO but I would
5 min SPX chart and 60 stochastics
Posted by Vida on 25th of Feb 2011 at 03:21 pm
Hmmm... JMHO but I would wait for the trigger. Also you could backtest this strategy or paper trade it at least. In the time slow stoc 60,3 has remained above 80, $SPX has run from 1308 to 1320. Who says it can't stay overbought? How would you be stopped out if you don't have a trigger? Just thoughts...
that'd definitely be the safe
Posted by frtaylor on 25th of Feb 2011 at 03:24 pm
that'd definitely be the safe thing, which is why I posed it as a question. waiting for Matt to chime in.
no trigger no trade, baaaaby
Posted by perthx on 25th of Feb 2011 at 03:27 pm
I just remember that a signal can stay extended overbought or oversold usually as long as it wants and usually longer than my patience or endurance, hehe.
Even if the line breaks slightly with today's tight range it can be a fake out ....
fake out break 60 sto 5min
Posted by perthx on 25th of Feb 2011 at 04:10 pm
well, 1322-1325 may hold this on Monday or maybe it just starts straight down? kinda looks like a small bull flag on the 1 min chart....
have a great weekend folks.