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 oddiduro   Registered: Dec 2002 Posts: 1655 11-03-03 03:44 AM Quote from pspr: How do you take a stochastic of rsi since stochastic requires the high low and close of each bar? Do you mean rsi of stochastic? No, stochastic of rsi. In EL....Stochastic(rsi(h,14)),(rsi(l,14)),(rsi(c,14)),14,2,3,1...... Connie Brown teaches something like this in her book...she uses something called a composite indicator. She didn't give the formula for it, but the Stoc of rsi acts very similar by way of being a confirmation of rsi. Edit/Delete • Quote • Complain
 Stratcat   Registered: Feb 2004 Posts: 48 02-05-04 07:58 PM Personally my method is to go in and lose money every day but for a fully explained successful method the only trading book I have read that gives this instead of vague trading rules is The Logical Trader - Mark Fisher. www.mfcc.com Edit/Delete • Quote • Complain
 easyrider   Registered: Dec 2001 Posts: 3389 02-05-04 08:05 PM This is a little contradictory. It has a successful strategy but you cant follow it? Edit/Delete • Quote • Complain
 Stratcat   Registered: Feb 2004 Posts: 48 02-05-04 08:36 PM It seems like a good strategy and I have both backtested it and tried it in real time trading. It's what gave me two, 50 tick winners in the Bund in the space of a fortnight last year. These two days were exceptionally volatile though and it is unworkable for me really as I have to close out positions by the end of the day. Something that makes the system in the book fairly unworkable. Anyway, check it out it's actually a good book. Edit/Delete • Quote • Complain
 ElectricSavant   Registered: Jan 2003 Posts: 14844 02-27-04 06:58 AM Is this with the ES? Michael B. Quote from oddiduro: I like this, so I will contribute. take a 14 period stochastic. take the stochastic of rsi(14). watch for divergence on the stoc of rsi from the plain stoc. Enter short or long on any accompanying candle signal. Use 4 point stop Close at end of day. Edit/Delete • Quote • Complain
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