Posted by junkmaylbox on 13th of Feb 2009 at 10:22 am
The 5,3,3 stochastic is for swing trading, not for day trading.
If you buy at oversold and sell and overbought, you are likely to
make gains. The stops should be wide enough to accommodate the
swings.
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5, 3, 3
5,3,3 chart turning positive eom.
Posted by doctormike on 13th of Feb 2009 at 10:15 am
Be careful...the 5, 3, 3 can cross and uncross for two days or more before you get a strong reversal.
I have jumped in on a 5, 3, 3 cross only to get stopped out a day before the move.
Just my $0.02
DocM
$PSX 5,3,3 stochastic
Posted by junkmaylbox on 13th of Feb 2009 at 10:22 am
The 5,3,3 stochastic is for swing trading, not for day trading. If you buy at oversold and sell and overbought, you are likely to make gains. The stops should be wide enough to accommodate the swings.