3 Stochs
Hi Y'all-
I'm an extreme novice to 4X and just getting ready to move into the market with real dollars in Jan. Anyway I've been following James IB system and trying to "play trade " it "by the book" for a few months. So I stumbled on to something that must have a correlation to the three ducks. Maybe the coincidence is price action a la Tess. Here's what I noticed. When using three time frames 1 Hr., 15m., 5m., I've taken to waiting for the Stochs ( Slow 8.3) on all three charts to synchronize . In other words I wait for the stochs to all go into over bought territory and crest together on a sell and for all three to enter oversold and turn upward on a buy. Then I look for the rest of James signs to enter. However I did have good luck trading these indicators off of big numbers with the trend. Now these technical indicators are pretty much just abstractions to me, so maybe this would be an obvious observation to an experienced technical trader. It seems to have a higher possibility of success than other things I've been doing such as trading the Stoch "hook" on a shorter frame. Can anyone verify what this means??
Happy Holidays and New Year,
Kerry
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