I made 9 pips on G/U now,it looks like it have space to go down much further
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DislikedFearless,
I am afraid that is not an elastic trade. It looks to me more like an Escalator to Pips once the 15/30/60 come out of the oversold area (20) and heads towards the 4hr. With this particular trade you would be going with the 4hr trend which makes it safer trade.Ignored
DislikedMy dear friend Moneda,
Sorry, but according to Spud, an escalator to pips trade has all four stochs ob/s together. To quote the great one, "Long trades are entered when all 4 time frame stochastics are moving upwards and the solid lines are all above or at 20."
Elasticity does indeed refer to the action of one stoch "snapping back" to another.
I know it can be confusing, since I often have to refer to my stack of printouts to figure out what kind of trade opportunities are in front of me!
Have a great week...Ignored
DislikedHi, and thanks to all who have made this such a great thread! Question... was there a ,"Climbing away," trade today on E/J beginning at 11:00 am NYC time? Just want to see if I get it right. PippoIgnored