The Stochastic Indicator

Nononsense,

Young man, the ENTIRE thread is about the stochastic indicator.

I'll help you out here.
1. Isolate Jack's posts.
2. Print them out. You will need one ream of paper and a fresh printer cartridge.
3. Learn the steps, they are there, and they are clear.

Regards
Oddi

 

Vorzo, Oddi, Stroma...thanks for the replies so far...

vorzo - I'm aware from experience of the potential downside of "guru" or "moderated" chat rooms with calls, not at all talking about that sort of thing. I'm talking about a small group of people, discussing live what's going on in relation to this method. As for not enough time to be discussing things via an online room, that seems quite contrary to the method itself, which is relaxed, not hair trigger at all....and with 5 or 10 pairs of eyes watching and discussing, I doubt we'd miss much that was going on, probably catch even more, despite time to type and chat. I use two computers each day, one with my charts and trading plat, and one for chatting / surfing. As for Dawg and the daily range, from what I saw he never came close to 75 pts in a week, and while you may not find any of that part of the thread important, many do. Potential returns, especially when stated over and over again, do catch the eyes of some and I'm one of those. I do pay attention to what I make, but I trade for a living and therefore have to be concerned with weekly and monthly returns and so on.

Oddi - many thanks for what you wrote, and I'm glad you've got it all down. I don't. I admit to there being times when I'm unsure what position I should have, if its a reversal mode or an exit mode, which is the pt 3 of the current channel, etc. questions that a group might more readily address and learn from. I have been trading the method, I've taken rockets, reversals, kept myself out of trouble with volume cues, bracketed vdu areas etc. but, I'm far from excelling, and that was the idea behind the suggestion.

Perhaps you two and dawg are simply the best of the bunch, have it all down, and have no need to do anything other than occasionally post here and work on your own situations. I commend you if you are mastering this.

To any other traders out there, really trying to work through this, does the idea of a private room, 4 or 5 or 6 of us maybe at most, talking about some of this stuff in real time. It'd be pretty obvious quickly if we had lurkers, guru-wanters, or genuine productive talk.

Stroma - you seem to think this might be a good idea. I assume you've traded the method or are thinking about it? If you'd be up for a realtime setup, that'd be 2 of us to start, that's something...Anyone else?

 

Oddi,

Is this not what I have been trying to point out all the way? If I understand you correctly, you recommend isolating Jack's post out of the crap heap in order to bring some sense to the mess. (as an aside, at the cost of one ream of paper and a printer cartridge ).

OK, if you would label this all "stochastic indicator". But why not throw in a couple of other threads with your "The Stochastic Indicator" and wrap it all under "Price Action" or so. In your reasoning this would be quite correct, Jack's contributions would even fit more nicely and poor souls like me would even have more fun in dealing with this heap of plenty.

Oddi, I don't know where you got an idea of calling me "young man", you might also be confused on this point. I'm somewhere between kindergarten and being a senile senior.

As I am not in the habit of barking up the wrong tree, I'm not going to continue helping to run up more pages on your heap. I do not want to intrude any further in your cherished refuge. Thank you for your kind "[helping me] out here".

I still believe though that some connoisseurs of the topic would do other visitors of the "The Stochastic Indicator" thread a priceless favor in "isolating Jack's posts" under the lovely "More golden oldie from Jack" [manz66, 08-16-03 03:58PM]. Let me add that there is plenty of room for other sub-threads. Do not get the idea that I have anything against Jack. I simply got tired from "isolating Jack's posts".

 

Young man was not meant as an attack, I assumed that you were under 30, because of your approach. You did not ask where a summation of Jack's work was, you simply got tired of reading and presumed nothing was there. That behavior is a function of youth.

I realize that you do not seem to have interest in learning this, yet found the time to declare the thread as worthless. To my limited thinking, that makes no sense at all.

Soon we will running through the pre flight checklist, do a search to follow along.

Regards,
Oddi

Edit: This thread is as long as it is because every step of the learning process is documented, including the process encouraging sceptics. ( I am presuming that you are a skeptic, and not a troll, which is why I am continuing this discourse)

 

Yes I've traded it some, or tried to from what I currently understand about it. I have been sticking to the beginner rocket stuff for now while I try and absorb and organize the rest. I'd certainly be up for a realtime chat room dedicated to the subject as long as it is kept relatively small and the off topic noise level is kept to a minimum.

 

I have been lurking here from the beginning and worked on grasping the concept of this new way of thinking.

Countless hours of reading and rereading Jacks posts have me looking at the markets in a different way. I still find myself questioning a trade and actually seeing different things than the posters here do. (this happens quite often)

I will pipe up here Jack and say the best way to teach this concept is to continue to do what you have been doing (this will be called our homework), and combining it with real time training 10-15 students or less. You could let us know instantly what we are to be looking at. No trades handed on a platter.

A Drivers Education instructor does not get in the car after the student has crashed the car. They instruct while driving to build on confidence. You are doing this to a certain extent but the information is getting to us/me late and I am already on the phone calling the body shop.

If Jack was willing, would someone here with chat room knowledge be willing to set something up? I believe we could cut the learning curve in half or better. We've got some people here that are ready to join including myself.

Thanks to all the people here who've put some very productive content in their posts. This is the first time I have jumped in to talk because I believe this methodology has merit, and I want to expand my knowledge of it.

 

Everybody who wants a chatroom,
Jack has already stated multiple times in PREvious Posts that when labor day comes around he will start posting real time. So everyone should relax, really work on their sequences before labor day, and jack will show you real time and fill in holes when labor day comes around. Jack always seems to have a plan.

I have stopped responding to naysayers as i have nothing to prove and it jsut distracts form people trying to learn. I am HAPPY that 4 out of 5 people dont agree with Jack.

But, for those trying to learn, it is definatley well worth it.
**Get the sequenece down for a ROCKET starting from pt 1. If you get this sequence, SCT and KISS are around the corner.

 

Long rocekt from open -> synch hod bo
long 9:46 995.25

1 m later pt 2 -> failure at daily short channel (light grey) -> wash 9:50 995.00
-0.25

reverse on trav right
short 9:50 994.75
wash 9:56 994.50 HAIR TRIGGER (1m DU)
+0.25

1m is useful for entries, but after that get rid of it.

10:20 pt 3/right side bounce didn't enter, thought vol too low

trav left -> 10:45 bo -> long 995.75 -> pt 2 at 10:46 -> exit 10:56 on DU inside rocket (didn't want to be in for a BO to the downside). Could've reversed here after exhaustion volume.
+1.25

Came back in the afternoon, but no trades, vol was a joke. Riding res at 1k, tomorrow should be interesting.

Day +1.25

 

Jack,

It seems to me that we have broken up out of the IT consolidation and and about to maybe test the IT resistance.

Does trading on the slower fractal abide by the same rules as trading off the 5 min. Meaning do we stay in the trade until we see a flaw. If this is the case, are the sequences the same especially for including a second pt 3. It looks like to me that the IT trend only has the first points 1, 2, and 3 and that we have been traversing the channel for the past 13 days.

Also, in terms of fractals. if you are anticipating off the daily for the IT trend, should we be trading off a longer time frame like the weekly or monthly? just a few questions. I will go through my graphs tonight. I should really be asking these questions after i do the research.

Reiehaxm-i read my last post and it comes across as mean. It was not directed towards you and it was not suppost to be mean. I guess the naysayers got too me again. my apoligies.