$SPX - Chart Link- trade long signal from 2
days ago working out nicely. The fast indicators have now worked
back to an overbought condition, thus one could sell now for a nice
trade, or simply trail a stop at today's lows now
here's a 2 min chart of NQ futures, you can see trade entries
and exits from that 60 Stochastic momo - one could easily scalp
trade all day with futures doing that on short time frames
I'll be making a tradingview chart that I'll share,
again I don't know what rules are fully best so here's what I've
been doing:
when one of the 3 indicators gets oversold I go long. If you
want it more stringent you can wait for two that have to confirm at
once, or you could scale in, for example you have one long entry if
one of the indicators gets oversold, and if another one gets
oversold enter a second contract
selling/exits: one could simply exit when one of the fast
indicators gets overbought again, or one could do a combo where if
you were in more than one contract you exit 1/2 when the indicators
get overbought, then trail a stop at each candle low, which can
sometimes keep you in a trend for a while, but you have a tight
exit
Posted by DigiNomad on 4th of Apr 2024 at 12:15 pm
Let's call a spade a spade though - you weren't a big fan of the
trade when it triggered. In hindsight, do you think your
reticence was warranted, or would you make a change to your trade
system management for this particular system going
forward?
that isn't true and you are reading too much into my comments
that eventually these trends end and you have to accept that
eventually the final one may be a loser. I didn't say I
don't trust this one - the only real way to play a strategy like
this is to take all the trades and know that eventually the final
one may be a loser - you have your set entries and rules and you
stick to those. I wonder why you even feel the need to try
and poke or find negatives.
also if you've truly been paying attention, we've been favoring
an upside move again, esp Steve, our bias was more shifted to an
upside break
again I share and give you guys tons and tons of tools and
ideas, I don't see the reason to try and nitpick about
stuff.
Posted by DigiNomad on 4th of Apr 2024 at 12:31 pm
Not nitpicking. I follow all the posts. You responded to the
person who posted with some apprehension because it was only 1 of
the 3 that was oversold. I'll go back and find it.
$SPX - Chart Link- yes kab34 that 2 RSDI is
oversold. The others are not, which leads the question, do you take
the trades if only 1 of those trigger or is it best to require at
least 2? I can't answer that at this time, one would need to take
the chart and look back 10 and 20 years and mark down the trades to
see.
again eventually the last long trigger will be a loser when the
60 Stochastic finally stops being in that embedded state. One
strategy is to simply take each trade nothing that your final one
will eventually be a whipsaw, you just have to accept you never
know how long the trend or streak will last
my point, we are all trying to share, and help one another and
give folks ideas and tools. This is not the place to try and track
what everyone says, I"m not tracking what you said on all your
posts, then when you post something contradictory I'm not going to
bring up some past post of yours that said something
different.
we are here to post ideas, help give ideas to one another, share
tools and charts. This is not the place for spelling police
Posted by DigiNomad on 4th of Apr 2024 at 01:16 pm
Sheesh. Always so defensive. It was a valid question and you
blew up. That's on you, not me. We should be able to respectfully
hold each accountable and ask questions based on previous posts.
Otherwise...twitter is fine.
Posted by DigiNomad on 4th of Apr 2024 at 02:21 pm
I made this comment followed by a reasonable and I thought
helpful question: you weren't a big fan of the trade
when it triggered. In hindsight, do you think your reticence
was warranted, or would you make a change to your trade system
management for this particular system going forward?
In response to this post: yes kab34 that 2
RSDI is oversold. The others are not, which leads the question, do
you take the trades if only 1 of those trigger or is it best to
require at least 2? I can't answer that at this time, one would
need to take the chart and look back 10 and 20 years and mark down
the trades to see.
What am I missing? There are no brownie points given in
trading for not asking the moderator questions.
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SPX 60 Stochastic mean reversion system
Posted by matt on 4th of Apr 2024 at 12:07 pm
$SPX - Chart Link- trade long signal from 2 days ago working out nicely. The fast indicators have now worked back to an overbought condition, thus one could sell now for a nice trade, or simply trail a stop at today's lows now
Thank you for sharing this
Posted by Trendie on 4th of Apr 2024 at 02:50 pm
Thank you for sharing this chart, Matt. I look forward to evaluating the signals!
here's a 2 min chart
Posted by matt on 4th of Apr 2024 at 01:07 pm
here's a 2 min chart of NQ futures, you can see trade entries and exits from that 60 Stochastic momo - one could easily scalp trade all day with futures doing that on short time frames
I'll be making a tradingview chart that I'll share,
again I don't know what rules are fully best so here's what I've been doing:
when one of the 3 indicators gets oversold I go long. If you want it more stringent you can wait for two that have to confirm at once, or you could scale in, for example you have one long entry if one of the indicators gets oversold, and if another one gets oversold enter a second contract
selling/exits: one could simply exit when one of the fast indicators gets overbought again, or one could do a combo where if you were in more than one contract you exit 1/2 when the indicators get overbought, then trail a stop at each candle low, which can sometimes keep you in a trend for a while, but you have a tight exit
Let's call a spade a
Posted by DigiNomad on 4th of Apr 2024 at 12:15 pm
Let's call a spade a spade though - you weren't a big fan of the trade when it triggered. In hindsight, do you think your reticence was warranted, or would you make a change to your trade system management for this particular system going forward?
that isn't true and you
Posted by matt on 4th of Apr 2024 at 12:22 pm
that isn't true and you are reading too much into my comments that eventually these trends end and you have to accept that eventually the final one may be a loser. I didn't say I don't trust this one - the only real way to play a strategy like this is to take all the trades and know that eventually the final one may be a loser - you have your set entries and rules and you stick to those. I wonder why you even feel the need to try and poke or find negatives.
also if you've truly been paying attention, we've been favoring an upside move again, esp Steve, our bias was more shifted to an upside break
again I share and give you guys tons and tons of tools and ideas, I don't see the reason to try and nitpick about stuff.
Not nitpicking. I follow all
Posted by DigiNomad on 4th of Apr 2024 at 12:31 pm
Not nitpicking. I follow all the posts. You responded to the person who posted with some apprehension because it was only 1 of the 3 that was oversold. I'll go back and find it.
This is the one I
Posted by DigiNomad on 4th of Apr 2024 at 12:59 pm
This is the one I was referring to:
Posted by matton 2nd of Apr 2024 at 03:50 pm
$SPX - Chart Link- yes kab34 that 2 RSDI is oversold. The others are not, which leads the question, do you take the trades if only 1 of those trigger or is it best to require at least 2? I can't answer that at this time, one would need to take the chart and look back 10 and 20 years and mark down the trades to see.
again eventually the last long trigger will be a loser when the 60 Stochastic finally stops being in that embedded state. One strategy is to simply take each trade nothing that your final one will eventually be a whipsaw, you just have to accept you never know how long the trend or streak will last
okay so your point?? my point,
Posted by matt on 4th of Apr 2024 at 01:14 pm
okay so your point??
my point, we are all trying to share, and help one another and give folks ideas and tools. This is not the place to try and track what everyone says, I"m not tracking what you said on all your posts, then when you post something contradictory I'm not going to bring up some past post of yours that said something different.
we are here to post ideas, help give ideas to one another, share tools and charts. This is not the place for spelling police
everyone focus that, and your trading
Sheesh. Always so defensive. It
Posted by DigiNomad on 4th of Apr 2024 at 01:16 pm
Sheesh. Always so defensive. It was a valid question and you blew up. That's on you, not me. We should be able to respectfully hold each accountable and ask questions based on previous posts. Otherwise...twitter is fine.
Seems to me like you're
Posted by greggone on 4th of Apr 2024 at 02:14 pm
Seems to me like you're projecting the 'apprehension' in his post. And then trying to hold him 'accountable' for your read of it.
I don't know how you get to 'you weren't a big fan of this trade' from his post. It feels like your adding a lot of your own interpretation here.
Sounds to me like you're just mad that you didn't take the trade. Or are having a bad day unrelated to this.
But that's definitely just *my* interpretation.
I made this comment followed
Posted by DigiNomad on 4th of Apr 2024 at 02:21 pm
I made this comment followed by a reasonable and I thought helpful question: you weren't a big fan of the trade when it triggered. In hindsight, do you think your reticence was warranted, or would you make a change to your trade system management for this particular system going forward?
In response to this post: yes kab34 that 2 RSDI is oversold. The others are not, which leads the question, do you take the trades if only 1 of those trigger or is it best to require at least 2? I can't answer that at this time, one would need to take the chart and look back 10 and 20 years and mark down the trades to see.
What am I missing? There are no brownie points given in trading for not asking the moderator questions.