Bashir,
Could you look at the example charts attached. I'm interestyed in defining when the stoch is "pointing" or "hooking up".
Clearly there are times when this isn't questionable, but it's turning points I'm interested in.
The first chart (hook - ignore the 1 mion chart on the left) shows the slow line horizontal, but the fast line cutting through and going down.
The 2nd chart (hook2) has the slow line going down,just, and the fast line starting to hook up.
You might argue "if in doubt, stay out", but how would you call these? I suspect to get all indicators lining up, there'llbe a lot of these examples.
On a seperate note-could you post some pivot value from your charts with a time stamp - that way I can calculated which bars they are being calculated from.
Cheers,
UTB
Hi blades, the first chart is going nicely up , and the second is going nicly down and have nice spacing betwen the lines . As long as they have crossed thats enought for me to say if its up or down, but when sometimes the two lines are almost glued together and u cant almost not tell if they are crossed up or down, those times i recommend you stay out , and when the spacing betwen those two lines are very very little, then i stay out, the more spacing the better, cause spacing indicates momentum in that direction.
On that second picture, u see that area where the two lines are almost glued together, those time i dont do ****, i just wait it out and see what it wants to do, and as you can see on price that price just dident reallydo that much when it was liek that , basicly there was no momentum on either direction, and it just whent sideways, but when it got some spacing u see it starts to move again.
The other thing is that,i never take the trade before its above all resistance and support, and by that time it have had time to resolve itself.
I can imagine stochastics can seem to be kinda unreliable since they can fake you out, but since i am using it with my moving averages and the different timeframes the price is at such a point that its pretty much committed in taht direction by the time i do take it.
If you would tell me to just trade the stochastics with nothing else then just a 50ma and 1 timeframe, that would seem like suicide to me, cause i would never know what it would do next, maybe cross down right after it crossed up.I think the edge is to use it together with a method and have things to comfirm the move up.I think the it all lyes in the different time frames, but thats my own personal belife
So in short, as long as the two lines are crossed and have spacing betwen the lines i would say thats its going either up or down, but using it just like that with 1 timeframe i would never do.Use it different timeframes and voila, u would be alot safer.
When it comes to the pivots i dont know what you mean with timesstamp?
I can show you the pivots on my chart, but how do i do the timestamp thingy, sorry for not being much help there, pretty green
Hmm im typing to much again, let me know blades if u got me ?
With kind regards
Bashir Naimy