$SPX - the trusty 60 min Stochastics
playing out as usual after being about 80% all day yesterday,
always pulls back the next morning below 80% to cause a pullback in
the market. Otherwise realize this doesn't tell you anything
about the whole day, just means the market was due for a pullback
in the morning to reset the Stochastic
The same thing also occurred on April 10th when 60
Stochastics was below 20% all day, it was a buy signal for the next
morning
yes frtaylor it seems to play out every time for at least a
small trade, sometimes a large trade - actually I'm going to ask my
programmer to see if he can write a program for me so that I can
back test that condition in TS. It would be nice to get some
statistics i.e. does it work out 90% of the time? how many times in
a month on average does it occur? stuff like that would be
good to know
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60 Stochastics playing out this morning as usual
Posted by matt on 13th of Apr 2012 at 09:43 am
$SPX - the trusty 60 min Stochastics playing out as usual after being about 80% all day yesterday, always pulls back the next morning below 80% to cause a pullback in the market. Otherwise realize this doesn't tell you anything about the whole day, just means the market was due for a pullback in the morning to reset the Stochastic
The same thing also occurred on April 10th when 60 Stochastics was below 20% all day, it was a buy signal for the next morning
that's been a very reliable
Posted by frtaylor on 13th of Apr 2012 at 09:46 am
that's been a very reliable trade, even if for a small move. thanks.
yes frtaylor it seems to
Posted by matt on 13th of Apr 2012 at 10:19 am
yes frtaylor it seems to play out every time for at least a small trade, sometimes a large trade - actually I'm going to ask my programmer to see if he can write a program for me so that I can back test that condition in TS. It would be nice to get some statistics i.e. does it work out 90% of the time? how many times in a month on average does it occur? stuff like that would be good to know