How to use stochastics

[CHARTY]

Please treat this as an invitation to discuss, I would like to learn from you, otherwise I get bored and end up chasing up frisbees at the park.

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The above does not represent financial advice.

 

[Dr Iraj]

The settings for RSI,MACD,STOCH ,MA, EMA,...are assumed to be correct for all stocks. This assumption is invalid for all stocks and technicians should optimize the settings to reflect the stock's personality.This is not difficult. I have explained it in my other post in general discussion BB.

[This message has been edited by Dr Iraj (edited 04-01-2001).]

 

[Cigar]

I suppose we have to discover which indicators work best for individual shares... but in the 3 different market conditions, bull, bear and sideways.

What works going up.. probably won't work going down.

 

[CHARTY]

Correct. Stochastics are great in a sideways market, still, they can be used in a trending market in the way I pointed out before.

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The above does not represent financial advice.