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Stochastics Reversals

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This module alerts to short term Reversals using the Fast %d Stochastics indicator. It continuously scans for oversold and overbought stocks. It's best to use a relatively high VS with this module, to ensure that the module scans for active stocks. For the absolute most complete information on how to play Stochastics Oversold and Overbought alerts, subscribe to UnderGround Trader.

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Program Trading Stochastics Reversals
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This example shows how the Oversold Stochastics module alerted to 2 setups in BRCD. The default setting for the Oversold Stochastics module is to alert to symbols where the Fast %D(the yellow line in the chart below) is less than 10 at around 13:43. When it appears on the Oversold Stochastics module, BRCD is still selling off, but the module alerts you that it is in oversold territory and that means there's a possibility of a rebound for a quick scalp. When BRCD finishes selling off, the fast %D starts to rise and this is your cue to take a long position. As you can see, BRCD rebounds for around 2 1/2 points in less than 15 minutes. The second occurence alerts you to an oversold condition at arounc 14:30. This selloff didn't have as much volume or panic, so the resulting rebound wasn't as good as the first one.Keep the following in mind when screening for Oversold Stochastics alerts:

This example shows how the Overbought Stochastics module alerted to a sell short singal on SDLI. The default setting for the Overbought Stochastics module is to alert to symbols where the Fast %D(the yellow line in the chart below) is greater than 90 at around 9:45. When it appears on the Oversold Stochastics module, SDLI is still rising but the module alerts you that it is in overbought territory and that means there's a possibility of a selloff for a quick scalp. When SDLI finishes rising the fast %D starts to decrease and this is your cue to take a short position. As you can see, SDLI sells off for a potential gain of over 5 points in less than 10 minutes.