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SPY vs. SPY


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Updated by Tiberius
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SPY vs. SPY

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  #11 (permalink)
Market Wizard
Coos County New Hampshire
 
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need to nail down some patterns this week:

here is one: both DSs moving down (up) but not together from the top (bottom), 2 min catching up with 8 min.


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  #12 (permalink)
Market Wizard
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I am posting these examples so I can learn and recognize them. Obviously these are sell patterns, and the reverse would be buy. I like to take a position in the flooded background. You can anticipate the flooding as the price bar pushes against a greater sloping Bollinger band. I like to stop myself into the market by placing a STP or STPLMT order just beyond the completed price bar. Currently, I am waiting for the first colored bar in like color flooded background. Then I put my (safety) stop on the opposite end of the price bar and work down the bars. Price always returns to the ZLEMA and price bars always go white (neutral). That's just how I am "doing it" currently as there are a dozen ways to trade these charts.

If the Double Stochastics is cyclical and the 8 min DS is one cycle, than the 2 min DS is a quarter cycle. A bull cycle will skew right and a bear cycle will skew left. In a strong move, the quarter cycle can disappear. If this theory is valid, then I hope I interpreted it correctly. So the pattern that I am really looking for is when both DSs leave the OB/OS zones together as a completed half (or whole) cycle.

#1 maybe this is the completed half (whole) cycle. the 2 min was early and by the time the background flooded, the 2 min was on the lower half of the DS panel.

#2 the DSs are opposite and the price is sideways.

#3 (the open) the 2 min peaks and reverses and chases the 8 min to the bottom.

#4 both DSs are at bottom going OS


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  #13 (permalink)
Market Wizard
Coos County New Hampshire
 
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To finish the day, as the 8 minute cycle turned up. The other indie such as the ZLEMA can act as a filter.

#5 8 min DS turns up as does the 2 min with white bars and a red ZLEMA, no trade

#6 both DSs up with blue ZLEMA and background, green bars, a short lived trade

#7 with a down 2 min DS in an up cycle produces sideways prices. maybe a trade in the red background. No, white bars and blue ZLEMA filter ...."No"

#8 short lived long, all indies up

#9 no trade with the blue ZLEMA


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  #14 (permalink)
Market Wizard
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Just to post and maybe learn something. Today, I flipped back to SPY; hot for a trade off these charts. I was looking for both DSs to come from the zones (OB/OS) together to get into a trade. Didn't happen.




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  #15 (permalink)
Market Wizard
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Okay yesterday I was looking for both to come from the zones together. It pretty much happened pre-RTH, just before the RTN open. So there it was and I don't like to trade the exact open. So I didn't. Maybe I need to adjust my view of DS patterns since there were other good trades. (risk - reward) in retrospect.


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June 27, 2012


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