New member here. Been studying the stochastic slow/MACD
day trade strategy and yesterday had a number of opportunities.
Question for the group... has anyone looked into a longer
term look on MACD (like 10, 15 or 30 min) combined with Stochastic
signals on shorter timeframe like 2 or 3 min
welcome and nice job taking the time to study the TA.
regarding your question, as I have always stated when showing
that setup, it's fractal, meaning that it can be used on any time
frames: monthly, weekly, daily, 4hr, 2hr, 1hr, 30 min, 15 min, 10,
5, 4, 3, 1, and also non time charts such as tick charts like 3000
Tick, 1500 Tick etc.
see attached image of the long setup that occurred on a 4hr
candlestick chart of ES
during the day in this volatility I day trade a lot of ES/MES,
and have been using it on shorter time frames for day trading.
quite simply its a technical tool that you can put in your traders
toolbox to use on any instrument or time frame whenever you see it
setup. Remember that video I made was simply done on the spur of
the moment intra day
shows a MACD KISS Stoch short setup on the 1hr candle stock on
ES last night. the second image shows time frames I monitor for
those: 4hr, 2hr, 60 min, 30, 15, 5, 3, 1
everyone's job is to simply find a system or trade method that
suits their style and risk tolerance where you can reliably capture
some profits on a consistent basis - whatever system and time frame
that may be, everyone's different.
what we do here is offer market analysis, trade ideas, and
systems - AND a lot of education and examples, tools and tricks -
that you guys can observe and over time use them to build your own
system/approach. There's a toolbox here full of various trading
tools, or maybe a better analogy would be a box of legos -
everyone's gonna take bits and pieces out of that box and build
something different
New member here. Been
Posted by cghursh on 19th of Oct 2022 at 09:19 am
New member here. Been studying the stochastic slow/MACD day trade strategy and yesterday had a number of opportunities. Question for the group... has anyone looked into a longer term look on MACD (like 10, 15 or 30 min) combined with Stochastic signals on shorter timeframe like 2 or 3 min
welcome and nice job taking
Posted by matt on 19th of Oct 2022 at 09:35 am
welcome and nice job taking the time to study the TA.
regarding your question, as I have always stated when showing that setup, it's fractal, meaning that it can be used on any time frames: monthly, weekly, daily, 4hr, 2hr, 1hr, 30 min, 15 min, 10, 5, 4, 3, 1, and also non time charts such as tick charts like 3000 Tick, 1500 Tick etc.
see attached image of the long setup that occurred on a 4hr candlestick chart of ES
during the day in this volatility I day trade a lot of ES/MES, and have been using it on shorter time frames for day trading. quite simply its a technical tool that you can put in your traders toolbox to use on any instrument or time frame whenever you see it setup. Remember that video I made was simply done on the spur of the moment intra day
shows a MACD KISS Stoch
Posted by matt on 19th of Oct 2022 at 11:21 am
shows a MACD KISS Stoch short setup on the 1hr candle stock on ES last night. the second image shows time frames I monitor for those: 4hr, 2hr, 60 min, 30, 15, 5, 3, 1
Thx
Posted by cghursh on 19th of Oct 2022 at 09:39 am
Thx
I like it on the
Posted by brophy on 19th of Oct 2022 at 09:38 am
I like it on the daily charts, thanks, Matt.
brophy - in the volatility
Posted by matt on 19th of Oct 2022 at 09:41 am
brophy - in the volatility that we've seen this year - unfortunately you now get point moves on 5 min charts that used to take a day in past years.
You are right, Matt, but,
Posted by brophy on 19th of Oct 2022 at 09:57 am
You are right, Matt, but, as you know, it is hard for stocks to fight those higher rates when the trend on the TNX is so obvious.
everyone's job is to simply
Posted by matt on 19th of Oct 2022 at 10:00 am
everyone's job is to simply find a system or trade method that suits their style and risk tolerance where you can reliably capture some profits on a consistent basis - whatever system and time frame that may be, everyone's different.
what we do here is offer market analysis, trade ideas, and systems - AND a lot of education and examples, tools and tricks - that you guys can observe and over time use them to build your own system/approach. There's a toolbox here full of various trading tools, or maybe a better analogy would be a box of legos - everyone's gonna take bits and pieces out of that box and build something different
Exactly
Posted by steve on 19th of Oct 2022 at 09:48 am
Exactly