Hey Matt -- no, I hadn't noticed it yesterday, but yes, now that
you point it out, I do see it. What's cool about this tool is that
you can use it as intended, for quick trades -- but you can also
use it to find an entry at times for longer term trades. Like in
this case I've been stalking KRE looking for an entry and when it
took out the LOD and kicked back I was watching the STos and sure
enough, boom, there it was.
I'm going it be using it more and more. Something about the 10
period seems to be almost magic right now :-)
And yeah, the banks don't like these low rates -- if the market
is turning then maybe we can thank the financials. One of my
favorite short sectors right now.
Matt -- loving the 10/60 Stochastic setup
Posted by puma on 7th of Apr 2016 at 02:18 pm
Matt, this is one of your better inventions!
Really liking the results...just worked like a charm on KRE short...
Thanks!
puma - NICE going man!
Posted by matt on 7th of Apr 2016 at 03:15 pm
puma - NICE going man! happy you are testing that out on some things, the entries are stops are tight, provides low risk and logical setups.
on your chart, notice a long setup yesterday for a quick bounce when the 60 stoch was above 80
Hey Matt -- no, I
Posted by puma on 7th of Apr 2016 at 03:41 pm
Hey Matt -- no, I hadn't noticed it yesterday, but yes, now that you point it out, I do see it. What's cool about this tool is that you can use it as intended, for quick trades -- but you can also use it to find an entry at times for longer term trades. Like in this case I've been stalking KRE looking for an entry and when it took out the LOD and kicked back I was watching the STos and sure enough, boom, there it was.
I'm going it be using it more and more. Something about the 10 period seems to be almost magic right now :-)
And yeah, the banks don't like these low rates -- if the market is turning then maybe we can thank the financials. One of my favorite short sectors right now.
Great example there Puma.
Posted by steve on 7th of Apr 2016 at 02:21 pm
Great example there Puma.
Thanks Steve. It feels like
Posted by puma on 7th of Apr 2016 at 02:31 pm
Thanks Steve. It feels like the financials are leading the way down -- the broke the LODs a few candles before the rest of the market.
puma these low rates and
Posted by matt on 7th of Apr 2016 at 03:12 pm
puma these low rates and negative rates around the world certainly don't help the banks