mia127 that 60 Stochastic was a nice confirmation as well once
it lost the 80% level, had held it for too long. Breaking the
wedge pattern was the trigger of course, but the 60 Stochastic as
nice confirmation guide too. I pay attention to it when it
has stayed above 80% for too many days or below it. The 14
Stochastic is too fast so can't be used in that regard, anyway
that's why I have it on most of my charts, I use it in systems too
the same way
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SPX 120m
Posted by mla127 on 13th of Nov 2015 at 11:06 am
mia127 that 60 Stochastic was
Posted by matt on 13th of Nov 2015 at 11:13 am
mia127 that 60 Stochastic was a nice confirmation as well once it lost the 80% level, had held it for too long. Breaking the wedge pattern was the trigger of course, but the 60 Stochastic as nice confirmation guide too. I pay attention to it when it has stayed above 80% for too many days or below it. The 14 Stochastic is too fast so can't be used in that regard, anyway that's why I have it on most of my charts, I use it in systems too the same way