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Hi,
The problem with being a novice trader is that it will be years until you
understand what it's all about. IMHO as a novice your best chance is to play
it as a game.
Assuming that you understand how the stochastic indicator works and how it
should be used, you need to find the cycle length of whatever you're trading
and take half of that value.
There are so many variables it is hard to generalize but on a 5 min chart of
the S&P 500 a cycle between 23 and 24 is close, half of that is 12. How you
use this will depend on a gooleplex of factors. Examples include, is the
market in cycle phase or trend phase, how you think, what you know, whether
you are quick or slow, what is your fear level, what is your experience
level and on and on.
B.
----- Original Message -----
From: "JeRRyWar" <drwar@xxxxxxxxxxxx>
To: <jhamon@xxxxxxxxxxx>; "'Omega_List'" <omega-list@xxxxxxxxxx>; "'Mark
Brown'" <markbrown@xxxxxxxxxxxxx>
Sent: Wednesday, August 09, 2000 7:42 PM
Subject: RE: Best Stochastics for S&P Trading
> Unfortunately for brian and other newbies like myself the heart of his
> question
> lies not necessarily in stochastics but what indicators to look into for
> intraday trading the S&P. He clearly asked what else ? and was looking for
> some direction.
> I wish I could answer him, but like him, I am struggling with those very
> same issues. The answer may have been clever in its point, but it blew off
> the intent of his question which I read as asking for some direction.
>
> Jerry W.
>
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