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Straightforward Bands with Stochastic

  • #41
  • Jun 19, 2023 2:54pm Jun 19, 2023 2:54pm
I annotated some H4 EURUSD charts to illustrate how I would trade this strategy. I’ll post them later.
Open to new approaches.
  • #42
  • Jun 19, 2023 3:36pm Jun 19, 2023 3:36pm
Quoting MetaCoder
I annotated some H4 EURUSD charts to illustrate how I would trade this strategy. I’ll post them later.
The suspense is killing me!

Why do you need an oscillator to tell you what price is doing?

Just read the price, perhaps the close can speak to you?

And for your viewers, here is a chart to look at while you're waiting...

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #43
  • Jun 19, 2023 4:13pm Jun 19, 2023 4:13pm
Quoting Erebus
{quote} The suspense is killing me! Why do you need an oscillator to tell you what price is doing? Just read the price, perhaps the close can speak to you? And for your viewers, here is a chart to look at while you're waiting... {image}
some use it as confirmation. of a move
without patience how can you be a trader?
  • #44
  • Jun 19, 2023 4:25pm Jun 19, 2023 4:25pm
Quoting Erebus
{quote}Why do you need an oscillator to tell you what price is doing?
Why do you need any indicators at all, then? There are plenty on your chart. Just read the price!

Oscillators are some of the most used indicators in trading.
Open to new approaches.
  • #45
  • Jun 19, 2023 4:49pm Jun 19, 2023 4:49pm
Quoting Steverino832
{quote} some use it as confirmation. of a move
That's true, I quite like RSI myself

It takes a lot for me to IGNORE you, but you can try.
  • #46
  • Jun 19, 2023 4:52pm Jun 19, 2023 4:52pm
Quoting Erebus
{quote} That's true, I quite like RSI myself
me too!
without patience how can you be a trader?
  • #47
  • Edited 5:56pm Jun 19, 2023 5:26pm | Edited 5:56pm
I wonder what the failure rate was during the 1900's when wyckoff and livermore and gann traded?

they had to hand draw their daily charts before they made enough money for others to do it LOL. I think this reliance on computers and indicators that the old guard didnt have might be the reason 90 to 95 percent of beginners lose their shit. Everybody wants a computerized system thats automatic so they can lounge in a beach chair all day sipping pina coladas like a tiktok influencer LOL ...Id be willing to bet the failure rate back then might have been 75% and the extra 20% we have now is this "refusal" to learn and just code dumb crap and see what works which it never will if you dont know price action....by that i mean tape reading which is the candle
short trump and go long the deepstate
  • #48
  • Jun 19, 2023 5:35pm Jun 19, 2023 5:35pm
Quoting Steverino832
{quote} me too!
Have you read this?

Attached File(s)
File Type: pdf RSI-The Complete Guide-John Hayden.pdf   6.7 MB | 770 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #49
  • Jun 19, 2023 8:49pm Jun 19, 2023 8:49pm
HI Erebus,

If you dont mind share the indicator and the template.

Quoting Erebus
{quote} The suspense is killing me! Why do you need an oscillator to tell you what price is doing? Just read the price, perhaps the close can speak to you? And for your viewers, here is a chart to look at while you're waiting... {image}
  • #50
  • Jun 19, 2023 9:12pm Jun 19, 2023 9:12pm
I've been waiting for price to pull back to 72 bands, and enter at trend line break.

As I am always weary of relying on oscillators for entries
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  • #51
  • Jun 19, 2023 9:19pm Jun 19, 2023 9:19pm
1H HA GBPCHF Setting Up
Attached Image (click to enlarge)
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  • #52
  • Jun 19, 2023 9:25pm Jun 19, 2023 9:25pm
Hi LongHill,

Could you please share your template. Thanks in advance.
Quoting LongHillAve
1H HA GBPCHF Setting Up {image}
  • #53
  • Jun 19, 2023 9:32pm Jun 19, 2023 9:32pm
Quoting smartvin
Hi LongHill, Could you please share your template. Thanks in advance. {quote}
I’m on TradingView unfortunately. I don’t have any special indicators added though, that’s one thing I like about the system.

only thing on my charts are the bands, HA candles, and I’m drawing trend lines
  • #54
  • Jun 19, 2023 9:38pm Jun 19, 2023 9:38pm
There’s nothing magical about any single indicator or any set of indicators. A market can do anything at any time.
Open to new approaches.
  • #55
  • Jun 20, 2023 8:49am Jun 20, 2023 8:49am
Done
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  • #56
  • Jun 20, 2023 1:17pm Jun 20, 2023 1:17pm
Quoting MetaCoder
A trade entry approach I recently saw looks quite good. It was presented on a 4-hour chart. It goes like this. //| 1) Create two pairs of moving average indicators as follows: //| a) 72-period Simple Moving Average of the highs //| b) 72-period Simple Moving Average of the lows //| c) 12-period Exponential Moving Average of the highs //| d) 12-period Exponential Moving Average of the lows //| //| This sets up two bands or channels. //| //| When the 12-period moving average band sits above the //| 72-period band, we consider the trend to be up. When...
TP or SL? Entry is just 50%....nothing more.....
Vucking good EA coder... https://t.ly/AZjRM
  • #57
  • Jun 20, 2023 2:20pm Jun 20, 2023 2:20pm
Quoting reteid2222
{quote} TP or SL?
up to you
Open to new approaches.
  • #58
  • Jun 20, 2023 3:05pm Jun 20, 2023 3:05pm
Quoting smartvin
HI Erebus, If you dont mind share the indicator and the template. {quote}
Just follow the instructions in Post #1 or here ->

Inserted Video


For the High / Low price channel, this is great ->

https://www.mql5.com/en/market/product/93063

It takes a lot for me to IGNORE you, but you can try.
  • #59
  • Jun 20, 2023 4:21pm Jun 20, 2023 4:21pm
Quoting MetaCoder
{quote} up to you
no one of the good youtubers posts a strategy with out any sl tp worth 0%..-
Vucking good EA coder... https://t.ly/AZjRM
  • #60
  • Jun 20, 2023 6:08pm Jun 20, 2023 6:08pm
Here is an illustration of how Stochastic signals can be use to get great entry points. The two moving average bands aren't necessarily indicative of the longer term trend. In this example I'd say the 200-period MA is probably down, even though the chart doesn't show it.
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Open to new approaches.
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