Fellow traders, in my last chart, I accurately predicted the recent rises several days before they came about with the use of the Weekly Stochastic. When I looked at our current position to see our progress, I compared the current weekly level with that of the past two trends. From this level of stochastic in the previous trend, we had a 2126% increase and then...
Timing and momentum are very important for me. At that very moment, we are most probably faced with a rising wedge to be confirmed of course. If we do observe carefully William%R and RSI, we are not in an heavy overbought situation were the market would react brutally upward. Instead, we are on a midway of little raising period. Therefore, I don't think that...
We do see some volatility in the short term with the market not understanding which way a break will come. However the investor with a longer term view should take into account the weekly charts where stochastics are showing a repeatable and inevitable uptrend in the making. The Summer period is looking to provide the next significant uptrend starting within the...
There are a great many oscillators that seem to be either entering or in OVERSOLD mode now. UO has not been giving any divergences but we can still look at its OB/OS signals it gives. What I initially noticed when firing up this chart was that I swear it was a Deja vu (god TV when can I post the correct way to write Deja vu?) that I swear the way the market had...
This indicator was originally noted in the tradingview help forums. Noted from "Google's Finance Site," but they use a modified (using EMA instead of traditional SMA) slow stochastic with the %J equation (%J =3 * D – 2 * K ). I can't find any references to the origins of the %J equation, but it is noted in several other online sites. getsatisfaction.com So, I've...