Had so so day, system not cycling normally so not enough right movement, as to my Trading plan, if I don't get 6 points by certain time, I am done for the day. Still profitable but ... Starbucks early
There was BRD/60/10H30, today but murphys law I wasn't available... Yes I would of made 4 point profit.
Makes me think, I need to see which kind of stochastics I used to backtest. Currently, I my platform is using Slow Stochastics (14,3,E) , with an exponential smoothing factor I need to find the formula for its %K @zbestoch @Handle123
This is the divergence I am referring to when you zoom out. Look at the pink ellipses: At the 15h30 candle on the 2 Nov, the swing high is noticeably lower, but %K = 96.2 If you look at the swing high on the second ellipse (14h30 candle), you will see it is noticeably higher with corresponding stochastics high (shown my pink arrow) to have %K= 90.6 This is classic Bear Divergence. Keep in mind I am using Slow Stoch (14,3,E) as mentioned in my earlier post. @Handle123 @zbestoch
For now, answer me this question: What is the general term for the difference between the highest high of the last 14 bars and the lowest low of the last 14 bars? In other words, if you were to strike a horizontal line at the highest high of the last 14 bars and another horizontal line at the lowest low of the last 14 bars, the area on your chart between these two lines would be the ____________ of the last 14 bars. Fill in the blank, or you are wasting your time. EDIT: And then take the next step and figure out what the current value of the stochastic is telling you relative tot he answer you came up with in the fill in the blank question above.
No, it is NOT divergence any longer, once stochastics hits 20, everything to left is forgotten. But you will say that is what the books read, books not going to cover your losses.
Playing the should'a could'a would'a you should not even post, only what you sit through as you don't have any clue what you would have done.