Eelfranz,
can I have your average daily range calculator indicator?
Thanks
Ben
can I have your average daily range calculator indicator?
Thanks
Ben
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DislikedAiya..... If you check back to page 8 and above I explain how I use my Stoch settings. One day while playing with the STOCH SETTINGS i came accross 25,2,3 and put it on top of another Stock of 5,3,3 on the EUR/USD which is one of two currencies I trade. I clicked on properties and unchecked the auto scroll. I went way back and wanted to see if there was any way to use this combination together to find upcoming trades. I liked the 25,2,3 because it was a slow smoothed line as compared to the 5,3,3. To my amazement I began to notice that when 25,2,3 was at the bottom of the channel and 5,3,3 was the same... I could use the 5,3,3 as an entry or exit signal. As 5,3,3 lines crossed up (being on the bottom of it's channel) I saw I could enter a trade. I then noticed as 25,2,3 rose to the top of it's channel, the 5,3,3 would cross over down telling me where to exit. I'VE SEEN THIS 100'S OF TIMES. Regardless of what the Stochastics was originally for, this proved to me to be a reliable set up. As I'm sure you have noticed the 5,3,3 jumps up and down several times during one of my trades. If the 25,2,3 appears that it is losing it's steam before it gets to the top of it's channel... I keep an eye on the 25,2,3 to make sure it's not falling along it's travel upwards. If it looks shakey I look to the 5,3,3 to find an exit (Crossover down). This works for both long or short trades. I stumbled across this forum one day and put in my two cents. End of story. Right, wrong, or ... it works for me and i wanted to share it hoping it would help others. I PREFER THE 1 AND 5 MINUTE CHARTS BECAUSE i like the quick action and it keeps my mind focused so I DON'T LOOSE INTEREST IN TRADING. BIG EIgnored
DislikedAiya..... If you check back to page 8 and above I explain how I use my Stoch settings. One day while playing with the STOCH SETTINGS i came accross 25,2,3 and put it on top of another Stock of 5,3,3 on the EUR/USD which is one of two currencies I trade. I clicked on properties and unchecked the auto scroll. I went way back and wanted to see if there was any way to use this combination together to find upcoming trades. I liked the 25,2,3 because it was a slow smoothed line as compared to the 5,3,3. To my amazement I began to notice that when 25,2,3 was at the bottom of the channel and 5,3,3 was the same... I could use the 5,3,3 as an entry or exit signal. As 5,3,3 lines crossed up (being on the bottom of it's channel) I saw I could enter a trade. I then noticed as 25,2,3 rose to the top of it's channel, the 5,3,3 would cross over down telling me where to exit. I'VE SEEN THIS 100'S OF TIMES. Regardless of what the Stochastics was originally for, this proved to me to be a reliable set up. As I'm sure you have noticed the 5,3,3 jumps up and down several times during one of my trades. If the 25,2,3 appears that it is losing it's steam before it gets to the top of it's channel... I keep an eye on the 25,2,3 to make sure it's not falling along it's travel upwards. If it looks shakey I look to the 5,3,3 to find an exit (Crossover down). This works for both long or short trades. I stumbled across this forum one day and put in my two cents. End of story. Right, wrong, or ... it works for me and i wanted to share it hoping it would help others. I PREFER THE 1 AND 5 MINUTE CHARTS BECAUSE i like the quick action and it keeps my mind focused so I DON'T LOOSE INTEREST IN TRADING. BIG EIgnored
Disliked
RedTrader... I apologize for making so many posts. I don't mean to hijack your thread. Please forgive.
Ignored
DislikedHi Guys, I've had a few questions about how important the Stoch 25,2,3 is...well...
See on the chart below: Number one trade. The 25,2,3 goes up smoothly but the 5,3,3 looks like... what?. No help for sure. But if you look at the yellow moving average it's going up steady and the candles are on the top side to tell you to stay the trade. Number two trade: Basically the same kind of confirmations but were heading down (short). Big EIgnored