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Identify
a market in any timeframe whose stochastic is >80.
Study Properties/Explanation
| 14 |
1 |
3 |
80 |
20 |
%K
Length |
%K
Smoothing |
%D |
Upper band |
Lower band |
|
Click the image for a larger view. ** |
|
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Wait for a 1-2-3 rally.
Study Properties/Explanation
| 3 higher highs
or any combination of 2 higher highs and an inside bar *** |
|
Click the image for a larger view. ** |
|
 |
On bar 4 only, sell 1 tick below the
bar 3 low. |
Click the image for a larger view. ** |
|
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Your initial protective stop should be
near the bar 3 high. |
Click the image for a larger view. ** |
|
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As the position moves in your favor, trail your stops.
|
Click the image for a larger view. ** |
| |
|
| ** |
The example charts are using
ES, the symbol for the E-Minis. |
| *** |
An inside bar is one that
has a range within the range of the previous or next bar. (So, the example
charts here show the inside bar as having the same high as the previous
bar but a low that does not go as low as the previous bar's low.) |
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«
Go Back (Strategy for Buys) |
| |
Disclaimer: The strategies are believed
to be accurately presented. However, they are not guaranteed as to accuracy
or completeness. Nor is it guaranteed that using them will result in profits
or that they will not result in losses. Past performance is not a guarantee
of future results. Only risk capital should be invested in the market. All
investments and trades carry risk, and all trading decisions of an individual
remain the responsibility of that individual. |
