'Appy Noo Year mongombolo & other regular BHP posters
Mongombolo, I note your recent post; "David, I use only the slow stochastic, k 14, d 7."
I have something of a love affair with Mathematics & FWIW IMO from practical checking of the Slow Stochastic it seems to be more useful than most other indicators - although I freely admit I have not undertaken a statistical analysis & that as with others the Stochastic is a lag indicator.
After considerable checking / re-checking from the viewpoint of an investor_trader [my trades average 3 months duration] for accuracy against SP trend changes I have settled upon:
k=50:d=30 for the daily charts; k=15:d=9 for weekly charts & k=5:d=3 for monthly charts. In ProfitSource the default setting is k=5:d=3 [better suited to shorter-term traders].
I find that of greatest value is when both the stochastic indicator & its moving average are above 80 - relatively uncommon for this situation to continue for months at a time => holding on at that point is a high stakes gamble IMO. The reverse is also apparent [ie. Stochastic & moving avg below 20] but rallies have been somewhat subdued as a result of the Global Meltdown [Al's Climate Change struck Share Markets first it seems]. Indeed it seems some stocks have maintained almost '0' for several months!
4YIO - NFA
- Forums
- ASX - By Stock
- green green
'Appy Noo Year mongombolo & other regular BHP postersMongombolo,...
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B |
Open | High | Low | Value | Volume |
$42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13572 | $42.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.70 | 457 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1234 | 42.670 |
3 | 514 | 42.660 |
8 | 4807 | 42.650 |
1 | 588 | 42.640 |
3 | 1292 | 42.630 |
Price($) | Vol. | No. |
---|---|---|
42.800 | 610 | 1 |
43.000 | 1600 | 1 |
43.050 | 1700 | 1 |
43.150 | 4965 | 7 |
43.170 | 494 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online