Thanks Houston. I will check it out. I have been trading for years now, only two setups, one of regular divergence and one of a record momentum high/low and trading in the direction of the uptrend/downtrend at pullbacks. I will see if i can integrate it into my method...
His efforts were probably thwarted by six problems that he pointed out in the thread. 1. Wrong fractal. 2. Wrong period of fractal observation. 3. Wrong target. 4. Wrong stop. 5. Wrong defaults on the Stochastic. 6. Use of wrong signals on the indicator. What this adds up to is this: He has an entry strategy; the stochastic signals and defaults he uses will not give him an entry. Nada. He does take entries, however. Before he gets to a target after he enters it is very very likely he will be stopped out. The reason is that what he wants to happen at the time of the signal has already happened or their is very strong proof that it cannot happen because of the market situation, conditions and circumstances. If he is not stopped out, then, as time passes, the entry strategy is not even remotely present after a period of time largely because of being on the wrong fractal relative to his other plan parts. This person has made an invention. The invention is never going to fly. Historically, he has never, as yet, seen the markets. This blindness is an overpowering handicap. You are asking a question. You have read and followed the thread as have I. For some reason you did not "get it" during the thread. So now you have read my post and you have not moved one inch in gaining any understanding of the matter. It is not possible for you to "get it" from the OP, anyone else coaching him, or the thread intruders. Over time this is not going to change for you either. Anyone who wishes to learn to trade as an expert has to not make mistakes along the learning process. First and formost the learner must connect, in person preferrably, with a successful person who is able to display the markets. were I you or the OP I would spend a couple of years keeping my eyes peeled for the real McCoy in my home town. My comments are along the lines of swinging a 2 y 4 at your head to get you to reflect after I've gotten your attention. You need to get a very bad headache from reading this. Try to read a renfiel post daily to see just how far gone a person can get in failing to become an expert. That is where you are headed and there are many many people in the line ahead of you. This is a negative post.
A person posted a Q. When I addressed him I used the word "you". A person started this thread. The name of that person is the same as the name feb2865. In my prior post, not this one, when I addressed him I used the word "he". The above is a common convention in the American language. So the answer to your present question is yes, I am talking to both feb2865 (he) and increasenow (you). ET is a little scary at times. For one person to make six mistakes and another person to ask whats up? is very scary. Its almost surfer, renfiel and thunderdog scary. Here is an example of how to make money. It is a real example of a real person's results using stochastics. The basic theme is to buy and hold a stock briefly. During the hold money is made. This money is also used to trade other stocks during the remainder of the year when the funds are free for trading. Four trades were done. Each was done at a diferent time of the year. That is they each were separated by periods of time. Each trade lasted three days. This means the funds were tied up for 12 days total out of about 250 trading days of the year. The profits on the first trade were 30%. The profits on the second trade were 30%. The profits on the third trade were 30%. and the profits on the fourth trade were 30%. The same stock was used for each of the four trades. The person trading did not take any money out of the market. She let it ride. This means that the trades were using larger amounts of money as time passed. If you have a calculator, you can find out how the capital grew. Imagine a person punching in two numbers into her calculator. The numbers are 1.3 and 4. The answer the person reads is 2.89. This number stands for the final capital she would have compared to the initial capital she began with. Use 100,000 dollars as the beginning capital and figure out how valuable it is to know how to use a system that has stochastics as part of it and the system is well designed and all the parts fit together smoothly and consistently. She does not use stops since she is able to watch the markets personally as she makes money. She makes about 400% a quarter when she is not competing in sports internationally or travelling internationally or visiting relatives. she is middleaged and has not held a job in recent history (20 years or so). You, feb2865, should use your calculator to figure out what making money is all about. Then, when you have done that you, feb2865, get off your ass and begin to learn something. See if this post prompts some questions in your, feb2865, mind. It should. There are many people who can give you the same answer that the trader in the example uses. Why is that? That is because they have taken the trouble to learn what this person, the trader, knows. Many people,coincidently who knew eqch other did the same trades. Why is this? It is because they share information. Was this information available to you, feb2865? If you were an ET member in 2006, it was. Was it available to t'dog, to surfer, to about 60,000 other members? Yes it was. Get out a daily graph of NTRI for 2006 and circle the four trades. note well that the entry was BEFORE an opening gap more than once. Stochastics works to give entries beore opening gaps is a conclusion you can draw. What is it like to be holding a stock BEFORE it gaps? What is it like to do three day holds that make 30% in the same stock four times a year? I am pointing out to you, feb2865, and increase now (another ET member) and a few others that there is a lot of money to be made as a trader. When I say "a lot", "a lot" means unbelievable, astonishing and "canny accurate". "Canny accurate" is a dilettante expression used by a very frequent poster doesn't know shit from Shinola. Shinola is a brand of shoe polish. He thinks he is a lemming or something like a lemming.
Sound like you're trying to teach us a lesson Mr. Hershey. I suggest you read my first post, word by word. If you never get a good grasp on the alphabet, here's your chance. You know, dictionaries are there for a reason. In your last post, you just gave me in a silver platter an extraordinary chance to beat you.. or better to say, debunk your whole crappy and senseless theory. But I will be nice this time. I mean, some us has to be charitable from time to time. Seriously, are you writing from a nut house?? I mean, your words are very similar to a mental patient on meds. I mean, are you a trader??Do you really know the markets or you just make fairy fantasies about it?? Mr. Hershey, I am going to give you one more chance to review my first post and redo your whole senseless and out of focus post you just made. I don't hold anything against you in a personal level but this is the most ridiculous and childish post I probably have ever seen on ET. Waiting on your response Respectfully
Incresenow as for your question, yes it works fine. If your throw some bands like Keltner Channels or BB, works even better. In my case, is all about price action. These indicators is just a visual representation of price. I don't place entry/exits based solely on indicators. I still use Pivot points and S/R lines. You need to know whatever indicator you use to the point of knowing when is telling you the truth and when is not. The best way is just looking and what price is doing correlated with your indicator signal, whatever it is. If price is not confirming your indicator, is better to pass. Cheers
I believe that feb2865's whole point of this thread was to learn something...asking questions and sifting through information...this is what ET all about!