General Trading Chat / Ideas

Quoting Rrrracer

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Hey guys! A few more hours and we're live again, looking forward to trading this week. Oc6, I find it useful to look at the stochs as somewhat of a momentum indicator; when used in conjunction with levels and averages, they can give you a good idea on direction, or when to hold a trade versus getting out with a scalp. The H8 has become one of my favorite charts thanks to Digs, and can reveal a lot. In EU, I'm not seeing much that would have me looking to get long at the moment, and if that does come then it will likely be a scalp to get back to...

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Quoting Oc6oph

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{quote} Thank you man I’m going to see how these stochastics work. And we may see new low just going to give long a shot because of possible pattern that gives good risk to reward. What do you look for on stochastic that tells you to enter trade

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Quoting Oc6oph

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{quote} Thank you man I’m going to see how these stochastics work. And we may see new low just going to give long a shot because of possible pattern that gives good risk to reward. What do you look for on stochastic that tells you to enter trade

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Quoting Jp1

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{quote} If this helps....cant get much clearer than entering short here for the past 4 days....over 130pips {image}

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Quoting Rrrracer

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{quote} I don't look at stochs for trade entries; that's what we use the levels and averages for. But they will often give you a good heads up on *when* you should be looking to get in or out. For example on the charts posted above, there is still a significant amount of room before the stochastic will form a proper pattern and "flip"... there is no guarantee that it won't turn before that, but odds are that we still have more downside potential at the moment.. and until we see any signs to the contrary, we should be looking to continue doing what...

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Quoting Oc6oph

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{quote} Thank you I’ll have to watch these a bit see how they do

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Quoting Jp1

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{quote} U just need to get ur settings right for ur timeframe mate - digs can defo help u with that! Taken me 9 months to get the setting that work for me (on a very specific tf)

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Quoting Oc6oph

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{quote} Im going to see how they do in real time. And 9 months that’s a long time

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Quoting Jp1

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{quote} Takes a long time to find soemthing that works properly!

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Quoting Jp1

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{quote} I defo use them for entries - if a trend (short or long term) on H1 starts.....then if my stochs spikes to over 80/under 20....with confluence around m15 200.....its a 100% entry for me.....if u regression test u will find a high success rate. Sounds simple but defo works a fair bit of the time

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Quoting Rrrracer

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And then there's this... If 90% of retail traders lose money, I def don't want to be rolling with these guys lol... {image} {image}

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Quoting Oc6oph

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{quote} Does taking side of minority work often

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Quoting Oc6oph

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{quote} Does taking side of minority work often

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Quoting Rrrracer

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{quote} It's not that you always want to do it, just something to keep in mind when making your decisions... in this case, however, with sentiment biased so heavily in one direction, it only adds weight to the idea that we will continue to see price move lower. Add in the fact that we are under just about everything one would care to name (all of our important averages, weekly/monthly/quarterly opens, etc etc) and in an overall downtrend... yeah, I'll be looking for shorts to hold, longs for scalps.

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Quoting Bk55

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{quote} i have backtested it didnt work for me

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