I have to look it up, there's also an ATR trailing stop
involved, i.e. if price is below that it's more aggressive about
holding longer. For one it would stop out if %K went above
83%, so it's a tight stop if wrong. 2. Profit exits can occur
if RSI falls to a certain level or %K crosses back above %D, or
price goes below an ATR and then comes back above it.
The last short gave up some profit as it exited after the market
bounced, the best example of that trade is in May 2012, that was a
very nice one
so regarding the SPY system and the 60 Stochastic short, if the
market were to reverse from here that short trigger would trigger
as %K is now at 78.11%, so it's in the tight range. HOWEVER
price must pause and start to reverse from here on the daily chart
and close down say Monday, the %K needs to cross below the %D
basically to trigger.
Otherwise regarding that video I made yesterday, clearly that %K
on the 34 or 60 Stochastic lengths is something to monitor, as long
as it'a above the %D price will be strong, if it crosses however
something to note. Clearly it's not occurring yet
I have to look it
60 Stochastic 80% short trade something to watch
Posted by matt on 16th of Jul 2015 at 04:06 pm
I have to look it up, there's also an ATR trailing stop involved, i.e. if price is below that it's more aggressive about holding longer. For one it would stop out if %K went above 83%, so it's a tight stop if wrong. 2. Profit exits can occur if RSI falls to a certain level or %K crosses back above %D, or price goes below an ATR and then comes back above it.
The last short gave up some profit as it exited after the market bounced, the best example of that trade is in May 2012, that was a very nice one
so regarding the SPY system
Posted by matt on 17th of Jul 2015 at 09:52 am
so regarding the SPY system and the 60 Stochastic short, if the market were to reverse from here that short trigger would trigger as %K is now at 78.11%, so it's in the tight range. HOWEVER price must pause and start to reverse from here on the daily chart and close down say Monday, the %K needs to cross below the %D basically to trigger.
Otherwise regarding that video I made yesterday, clearly that %K on the 34 or 60 Stochastic lengths is something to monitor, as long as it'a above the %D price will be strong, if it crosses however something to note. Clearly it's not occurring yet
Thanks. I'm always looking at
Posted by pinguin on 16th of Jul 2015 at 04:21 pm
Thanks. I'm always looking at better ways to establish exits on ES or any strategy. Thanks for sharing