Dinos
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Stochastic settings
I've seen many different settings of the stoch indicator. I use generally use standard setting 14,3,3
For eg I went short today DAX @ 11.05, My DEMA (8), MA (10) crossover, exactly same time the standard stoch and its target line ran parallel at 80. Giving more or less the same result, but the line up with the crossover gives me the confidence of a valid trade.
1,2,3 turning as you say Ziff, however 30 & one hour near top of the range and perhaps turning down?? 3 & 4 hour on the way up.
Had a look at the 39, for me, I don't think I could trade it, so I'll be sticking with my standard and occasional (14, 39, 3)
Good luck to you all
I've seen many different settings of the stoch indicator. I use generally use standard setting 14,3,3
For eg I went short today DAX @ 11.05, My DEMA (8), MA (10) crossover, exactly same time the standard stoch and its target line ran parallel at 80. Giving more or less the same result, but the line up with the crossover gives me the confidence of a valid trade.
1,2,3 turning as you say Ziff, however 30 & one hour near top of the range and perhaps turning down?? 3 & 4 hour on the way up.
Had a look at the 39, for me, I don't think I could trade it, so I'll be sticking with my standard and occasional (14, 39, 3)
Good luck to you all
Kevin21
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bah... what a load of crap that trade was, out for - 35pts. If it rises back to where i bought it at then i'll go long again....
As for the stochs... to be honest, i can't get the feel of the 14,3,3 setting. From what i can see tho, i am liking the 39,1,1 setting and trading it to S/R levels... After a few bad days using trend following systems, i'm begining to loose interest in them. I just seem to get false signals all the time, and when i do get a signal that's right, i seem to loose out on signficant amounts of profit. I'm very interested in moving over to trading brent crude on the 39 system...
As for the stochs... to be honest, i can't get the feel of the 14,3,3 setting. From what i can see tho, i am liking the 39,1,1 setting and trading it to S/R levels... After a few bad days using trend following systems, i'm begining to loose interest in them. I just seem to get false signals all the time, and when i do get a signal that's right, i seem to loose out on signficant amounts of profit. I'm very interested in moving over to trading brent crude on the 39 system...
Have a look at the 39/2/8 setting. It smooths it out a bit.
Kevin21
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well this has all turned a but crap. Got the cross over on the 3hr graph on the ftse, and now i'm down 16pts from my entry, then a pending order from yesterday that i forgot to delete kicked in, and i lost 10pts on that 
Getting close to writing this 3hr stuff off.
Getting close to writing this 3hr stuff off.when you talk of a tight stop how many points. If you do not mind me asking.
I never seem to get stops right
