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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.

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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

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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?

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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.

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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.

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