The Stochastic Indicator

Go to the 1 minute chart.

 

Leaving early for the day.

Enjoy the rest of your day.

 

Just had a few questions regarding today.

In the attached chart we had a short rocket with the first pt 3 made, the stoch then busted through the 20 not creating a 2nd pt3.

It then created a iceberg short by bouncing off the 40 line. The flaw that was made was that the volume wasnt increasing. It was more like a low volume stall than a short iceberg.

due to the low volume, should we have stayed in short for slaloming?

I ended up exiting early and getting long as a failure to traverse. It then ended up being a iceberg long as it created a failed rocket on the long side. i took a short on the rocket failure looking for 20 minute interval slaloming. Is this correct thinking? THe one minute is attched to this post and the 5 min is attached to the next. The 5 minute is a little sloppy and confusing, my apoligies.



jc

 

the 5 minute chart corresponding to my last post. Again, this was a little sloppy. sorry.

 

I was hoping someone could post a 15 min chart. I lost my data when my system crashed and I would like to see what the 15 looked like this morning. thanks

 

Here you go.

 

Bundlemaker,
thank you, just about what i thought i would see, much appreciated.

 

Bundlemaker,


For entries on the rocket, i use the peak of the 1 min macd or the 1 min macd xover as entries. If i miss these 2 signals(rarely) and the stoch enter the rocket zone w/ the price taking off, i will use the continuation strategy(enter, exit). this should help.
jc

 

I have read most of the pages in this thread, and I still can't figure out exactly what a slalom or an iceberg is. Seems like there are a few definitions. Can anyone explain it in simple english, or do I have to decipher Jack-talk to be part of the club?

 

iceberg is a slow trend...slalom is basically trading within a range.