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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (134667)	7/23/2006 1:20:33 AM
From: Moominoid	Read Replies (1) of 209892

I think it was Jake Bernstein who developed a setup which he called "Stochastic Pop" -- he would go long ONLY when the stochastic oscillator would enter the oversold region You mean enter the overbought region? Well you do want to be long when the stoch is above 80 and short below 20. Entering the zones isn't an issue you just stay long or short. The issue is when the exit happens. Seem I need to use some more traditional TA methods to determine that. So I am getting a whole list of trading rules for these situations which gradually hopefully will correct the mistakes I am making at the moment. But now we are in a clear long situation. The stoch is above 20 with a positive slope.

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