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update 7.35 AM EST...futures are very strong...ahhh...the "buy the dip" lot, if 1643 is taken out 1651 is next..its 1639 at the moment..stochastics wide open on the one hour..
-Chiosc - agreed will add an EMA of 10
-Stochastics - to tell you the truth, I can change it to 10,3 if you want in future charts but I honestly found very little difference between the standard setting and this..its a tad late but not significant..let me know..
-posting - have been doing what you described for the past year and half..sometimes it works and sometimes it does not..anyways will try again
remember we used to have fast stochastics on 60 minutes and we used to wait for them to start clearing overbought first..what happened to those?..did you stop using them cause I do not see them on the charts anymore..
I really don"t know here..change my point of view?...relative to what?
I think you just hit the nail on the head here....control..I need to know..at every turn of price ...a problem..I know..which is hard to get rid off, maybe that is what is holding me back from becoming an excellent trader in addition to a good chartist..
so what do you do ? give the price room, let it round trip and come back, law of 2/3rds..hedge...you really need to cover the law of 3s here you have been talking about it for a long time and every time you say I will talk about it one day...we could wait another 4 years you know...c'mon...step on it...release the law of 3rds/...and it better be good cause I have been waiting for a long time..
If you cannot control the price...then hedge..1/3 and 2/3...and so on...I am all ears..go ahead.............
I keep reminding myself and repeating this mantra...."the best chartists is not necessarily the best trader"...and the important thing is to trade successfully...AND consistently , not to come up with innovative indicators and tools and techniques, and the best looking charts, although useful, need to get my head down and push...".
It staking too damn long of tireless work and observation of markets...4 years only since we started our discussions..experience does not come easily..
Enjoy..
internet explorer..
I am exactly doing that..have been doing that for a long while..strange..will keep trying..thanks haha
Thanks for the kind words Rotor -nice to hear from you too.
I try to post as frequently as I can - the volume gaps in volume by price are very helpful indeed.
All the best
SPX- one hour view, volume on price and stochvix....in addition to the usual suspects.
Enjoy...
could somebody tell me why I cannot attach a graph directly now instead of these frea@@&%king links below ?...I mean its not the first time I attach charts is it?? ....@#$%%%#&^!!!
SPX 60 minutes
you may be right maybe I am just overcomplicating the case by trying to anticipate everyturn and optimizing (really maximising) all buying conditions..which is more theoretical than practical in real life trading..oh well..at least that was a good theoretical exercise in my view , using a derivative to anticipate volatility.. what was I thinking..lol....
EDIT-EDIt - ATR is not a directional indicator of course agreed...so StochATR does not mean go up if it clears oversold...unless it is IN THE SAME DIRECTION with slowstochastics which says buy..
there it is...I am not disagreeing that the signal from 10,3 or even 14,3 ordinary slow stochastics is the one we go by...but think of it in this way...if we can refine that buy by coinciding momentum of volatility in the same direction as momentum of price..5/24 buy signal, CCI on chart, slow stochastics 10,3 and 14,3...all gave a buy signal, but where was stochATR?..still in oversold sleeping..=low volatility on the up=don"t expect big jumps until it also clears oversold and moves in the same direction.And price took sometime to move..a few hours of slow movement..
How many times we buy on a stochastics signal and the signal is perfect but price is hardly moving?...its fuel for the slowstochastics..but I could be wrong.
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Edit- Edit - A clean standalone 10,3
there...but putting slowsto 10,3 on it is not the question or the point...I want you to focus on the top indicator, I have hidden ATR 7 and only show a stochastics 7 of it..a derivative of it..to measure the rate of change of ATR with reference to overbought oversold OF ATR..not price..so it is not momentum of price I am talking about here..its the momentum of ATR..of volatility..and how overbought or oversold it is ..and how much thrust its got until it reaches the overbought oversold levels..I am seeing things..lol
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Okay...but I want to bet you that I can detect (forsee) a turn in stochastics mid way between the 50 line and the oversold line by using bands on stochastics..have a few messages remaining so you will get rid of me soon lol.. and I have edited that last message of mine to show you where that chart is
nooo just click the link...where it said insert text here..do not forget to breathe..count to 7...and look closely..
Edit -EDIT - yes look at the end of the message for God's sake...it says "insert text here" ..click that..if you can"t do it then we will have t owait for HAHA or Alex to give us a hand here..lol
Answer to your last red line...quick quick..
moving averages 3/5 on one deviant=stoooochastttticks...on overbought oversold..but you never said that lol..lol..
I think your message has the wrong address bud?....my chart is not a 5 minute chart ..lol..
SO hypothetically speaking if I wanted to super-impose an overbought oversold momentum concept on a days high low range..I could use a slow stochastics on an ATR couldn't I.?..I mean just to go completely nuts....
one hour chart, ATR of 7 with its slow stochastics of 7...could this give how much thrust is left in the days range?.or in the impulse?..from an overbought oversold range... point of view...I know...I know ...it was a mistake renewing that stockcharts subscription..
tired now..
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Many thanks HAHA.
All the best
Ziko
"Trend bias in favour of the last penetration of the one deviation band"....words of wisdom...unless cancelled by a penetration of the opposing band.
I will add: trend reversal happens when price pierces the 2 deviations for the first time after a long decline ..unless cancelled by a penetration of the opposing 2 deviation band of course. The line of the penetration is your horizontal price level to watch..uber overbought level for first time after a long decline, =Elliot Wave ONE.
Once price penetrates the 2 deviation on one timeframe, target shifts to the 2 deviation band on the higher timeframe=price procession and signal migration.
FOr all other beginner readers, this is very advanced bb techniques, all beginners should ignore this as they are just theories..until they are entirely comfortable with all other Bollinger bands concepts...it takes time. Do not do this at home lol.
Enjoy
Oddlot...my friend...nice to hear from you.
I hope you are well.
All the best
Have a look at this until I prepare your chart...play with the Chaikin oscillator stochastics..you will like it. this along with TRIN encompasses in my view the incorporation of volume into the whole picture..take a look and let me know..works..
Was not very happy with StochTick..works but not excellent..in my view. StochTrin is something else.
Not being able to post the chart just click the link to have an idea until I figure what is happening..think it is the I Hub website..
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Of course I have read your long post...excellent and comprehensive
An added very advanced concept (alert: definitely not for beginners)- The importance of the one deviation concept.
would like to say that any CCI say 20, is the relationship between price and its moving average, CCI is price itself, now centerline of CCI 20 (o line) is moving average 20, but you really have another (quasi) two moving averages of 20 north and south of it, the +100 and the -100 line. Each separated by one deviation from the mean, or the zero line. so on the chart, you can have the same two more moving averages IF you use the 20 bb one deviation, and the distance between the upper 20.1 and the mean is one deviation, similarily, the distance between the lower bb20.1 and the mean or 20 moving average is one deviation.
Door to door, space between upper and lower bb20.1 is 2 deviations. which is responsible for most of the action above and below mean.
bb20.2 is really 2 deviations above and 2 deviations below the mean, so the price ALL IN is trapped between 4 deviations door to door..
p.s.: 1. the reason I say quasi moving averages above is beyond the scope of this discussion and is not really important, I just want to say they resemble the moving average 20 to a great extent.
2. If your software allows to have the upper bb based on the high and the lower bb based on the low rather than the close...then the ATR concept comes in and this is why I believe bollingers beat Keltner channels by far.
Ok - no problem
.
Now that I am back looking at stockcharts as well we need to get a water tight definition and develop a unique volume based indicator..need a serious one.. in addition to tick and trin and the other stuff...what is the best one to develop ..OBV? let me know
Don"t worry I just renewed for another year too much work has gone into this to scrap it.
Enjoy the weekend..
Excellent
Alex..did you have the chance to redo the chart in the message I just replied to?
Lol I did not expect that slide into the close
Good man enjoy
4 hour view of the closing action of the day..the week..and the month....a head and shoulders within a symmetrical triangle with a bearish bias...1637...1631..1627.(important numbers) ..the green line...the green dotted line.lol..shorts are covering for the weekend..don"t expect much more action for the rest of the day..
Enjoy the weekend..
FYI - Spx futures tested 1641 and change this morning -
Your very high sense of the impending intensity of the forthcoming down move...Just had a quick look at daily, excellent...I have got 1637 then 1624 for starters..then you may get your 1610 if all goes well..the close today is a good clue for the observant eye..
Got my children going through final exams at high school.. teenagers...tough..
Talk soon...
Ziko
Yes I have come across that video sometime ago.. interesting view.
Internet is very slow again Kiy..I think they are fixing a cable or something..have one more message remaining, looks like oil will go up again tomorrow...which means a high possibility of an SPX rebound...
I think I have a 123 set up here...let me see what this signal is about since I got in on 30 minutes anyways..think its for real but we will see....
EDIT _ I have got CCI centerline 30 minutes and stochastics is strong buy.(futures)..buying this dip at 45....
Of course understood..daily down means structure is down is all, so be careful orderflow is down , unless and until there is reversal..at a certain pscho price like 1650..or another support so the levels come in to play...daily down without consideration of levels and numbers is a general statement.
EDIT
SH%$#^^^&T...the whole concept of oversold overbought stochastics is very different than CCI, one measures momentum and one measures overbought oversold of the deviants , so the strongest combination is when both are in oversold and agreeing..lol...very subtle..you actually do not need anything else.
Anyways..as I said, it is a countertrend trade so daily winsin the end, but intraday shureis trying hard...have a look at daily stochastics..and CCI,
one more point, everytunr of CCI or stochastics is a trendline break..it all fits in as one piece of a huge puzzle...or a matrix.....................................
We have just defined sideways or non trending action....from the first paragra[h
Lol Excellent...and some people even look at a stochastics centerline...so if stochastics is on a buy...no seeling whatsoever, even on 10 minutes....hmmm
Stone....hummmm....
I would short 1650 hands down but I could be wrong..
stochastics was still on a buy above centerline...but did not reach overbought?
Since when do we take a signal from 10 minutes?? lol..what does hourly stochastics say, ?
Edit- EDIT Edit
yep...sitting on my hands on oil at the moment..
I could go on by saying that momentum is stronger at the lows to overcome gravity - stochastics=momentum indicator=wave one Elliot-is the strongest and requires lots of momentum initially to overcome consolidation and resistance..=first time outside bands as the trend up matures gravity takes over and momentum keeps slowing down and the uptrend is slowing down (meaning still increasing but at a decreasing rate=Gann fans and lines..angles..) still going up though...until a top is reached..but perhaps I should stay quite and focus...
Perhaps one should take tops firt from CCI and bottom first from stochstics...lol..perhaps