not sure how I missed this a couple days ago but the Stoch Rev
short had triggered on SPY. Not a lot of trades with that one, rare
trade as that setup doesn't occur very often -The trigger is based
off a 60 length Stochastic finding resistance at a level and
turning down basically - which we use that length on most of our
charts. It looks like the stop out level if price rallies against
it is the 60 Stochastic closing over 69%. At this point probably
wont' bother with it but will track it
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Systems Stoch reversal triggered on SPY the other day
Posted by matt on 15th of Sep 2022 at 12:03 pm
not sure how I missed this a couple days ago but the Stoch Rev short had triggered on SPY. Not a lot of trades with that one, rare trade as that setup doesn't occur very often -The trigger is based off a 60 length Stochastic finding resistance at a level and turning down basically - which we use that length on most of our charts. It looks like the stop out level if price rallies against it is the 60 Stochastic closing over 69%. At this point probably wont' bother with it but will track it