DislikedOnly time stohastics work for me is on the 4hr Timeframe Setings (14, 3, 3) when it is less than 5 or more than 95. Price has to also has to have broken Channel or Trendline. These setups are rare, nearly always work.Ignored
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DislikedYeap... mine 2
I cannot say that it's "messy" but it fills the chart. So if I understand correctly you enter only after peaks? Could you detail a little?
Happy trading 2!Ignored
DislikedThis is how I use Stochastic (in one of my systems)
1. Divergence only reliable when performed in OVER area. But if divergence happen between 20-80 area then it must confirm the trend. Bullish Div for Up Trend, Bearish for Down Trend.
2. If there is no divergence then I do NOT use it. I will look at another indi for possible entry.
3. Time frame minimum is H1, not recommend for M30 lower. I love if divergence happen in Daily.
All of this criteria turn me to be a long term trader, reduce my transactions and increase the winning ratio.
I never meet a successful trader trading intraday in fx.
If there is one then SPEAK UP, prove that I'm wrong.
Happy trading.Ignored
DislikedIn my 10+ years of trading forex professionally I have never met any indicator trader including stoch. indicator that can make a living over a couple of lucky months or trends with any indicator. Not possible on a long term basis. In fact the number of people who trade forex for a living every day all laugh at indicators. The only method that I have seen that stands the test of time is using Inter-Market Relationships of the currencies to find your hot spots. Which I do about 10-15 times daily to average around 100 pips per day for several years. Although I wish you luck on your indicator and thread.Ignored
DislikedMy opinion
Long term trader better than short term trader
short term trader better than scalper.
Scalper better than.... who do you think? beggar?
Trading is an investment not a job therefor main object is to gain profit not produce comission from lots!
Happy trading!Ignored
Dislikednot after the peak. it's at the peak at the close of candle.
actually a few ways.....still working on it
- stoch peaked (2nd entry at the close of green candle)
- stoch u-turn (1st entry at the close of green candle)
- stoch blend (slowing down ie about to turn)
+ price at/touches mid or outer BB band and/or at some SR point.
I trust Stoch much much more than price!!Ignored
Disliked
All of this criteria turn me to be a long term trader, reduce my transactions and increase the winning ratio.
I never meet a successful trader trading intraday in fx.
If there is one then SPEAK UP, prove that I'm wrong.
Happy trading.Ignored
DislikedCould u post a chart with some samples regarding stoch u-turn and stoch blend pls?
By the way, I also use stoch in correlation with BBIgnored
DislikedHi, it is bent not blend. Sorry!
There is a bent in the 2nd entry. The bent started just below the 80 line. It is a peak + bent.
To me a bent means price is exhausted.
Happy tradingIgnored