dallahoo- 1st off the 60 period stochastics is only a guild line and
I don't use it by itself generally, it's a good confirmation
indicator. Yes the 50% level is a sticking point as well. If you
get a cross over 20%, it needs to hold 20% on a pullback, if it
dips back below then I would generally be out etc, Yes generally
when it crosses 50%, it will move to the next level i.e. 80% or
20%
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dallahoo - 1st off the 60
Matt, a trading question
Posted by matt on 26th of Aug 2008 at 11:25 am
dallahoo - 1st off the 60 period stochastics is only a guild line and I don't use it by itself generally, it's a good confirmation indicator. Yes the 50% level is a sticking point as well. If you get a cross over 20%, it needs to hold 20% on a pullback, if it dips back below then I would generally be out etc, Yes generally when it crosses 50%, it will move to the next level i.e. 80% or 20%