I'm a new on Forex? but I also often use this indicator.but as to me it isn't my favourite thing and sometimes it doesn't really help me..
- #264
- Oct 22, 2008 4:36am Oct 22, 2008 4:36am
may be because I don't understand it well, can you help me..
Now, after you will be able to make predictions based only on the chart than (and only than) try to begin developing a strategy by using (first) an indicator (you will add other by time). An indicator only confirms that "now it would be good to enter" but it doesn't need to be a vital decision factor... it's auxiliary (you could enter without it's "help" but you just want to be a little more sure about the position). About stoch, read she stoch7 from the first post of this thread... but only after you learned what you should
Hope this helps.
See ya'
- #265
- Oct 23, 2008 6:17am Oct 23, 2008 6:17am
Well, you say that you are new to Forex. Then, you might need to learn first of all to trade based on 1. trend, 2. chart patterns (double top, head and shoulders etc.), 3. candlestick combination (only on D1 and H4) and 4. divergences (using moving average of oscillator or MACD at the beginning).
Now, after you will be able to make predictions based only on the chart than (and only than) try to begin developing a strategy by using (first) an indicator (you will add other by time). An indicator only confirms that \"now it would be good to enter\" but it doesn't need to be a vital decision factor... it's auxiliary (you could enter without it's \"help\" but you just want to be a little more sure about the position). About stoch, read she stoch7 from the first post of this thread... but only after you learned what you should
Hope this helps.
See ya'
Thank you very much for your assistance..
it's very good to me have a good instruction to starting because I lost my head in all information I had read and now it's more clear for me how can I act. best regards!!!
- #269
- Oct 23, 2008 9:40pm Oct 23, 2008 9:40pm
Well mtuppers, you indi reminded me of a thing that I would like 
:
Lets say we have stoch with the interval of 80 and 20 (classic). Well, for MT4, it's a stoch version that makes the indi to change the color when it's out of the extreme intervals? I mean line K% let's say it's orange and D% yellow when are in the 20-80 but when they are outside k% id red and D% pink. is it? a? a? a? is it?
:Lets say we have stoch with the interval of 80 and 20 (classic). Well, for MT4, it's a stoch version that makes the indi to change the color when it's out of the extreme intervals? I mean line K% let's say it's orange and D% yellow when are in the 20-80 but when they are outside k% id red and D% pink. is it? a? a? a? is it?
- #270
- Oct 23, 2008 9:42pm Oct 23, 2008 9:42pm
Well mtuppers, you indi reminded me of a thing that I would like
Lets say we have stoch with the interval of 80 and 20 (classic). Well, for MT4, it's a stoch version that makes the indi to change the color when it's out of the extreme intervals? I mean line K% let's say it's orange and D% yellow when are in the 20-80 but when they are outside k% id red and D% pink. is it? a? a? a? is it?
- #273
- Oct 24, 2008 4:39am Oct 24, 2008 4:39am
I know this color thing is useless ... but just for the fun (I could say that it's more \"standardized\")
like my setting is up trend is red, down trend is blue. so if all confirm, then that will be direction of the new trend.
- #275
- Oct 24, 2008 9:13am Oct 24, 2008 9:13am
Lets say we have stoch with the interval of 80 and 20 (classic). Well, for MT4, it's a stoch version that makes the indi to change the color when it's out of the extreme intervals? I mean line K% let's say it's orange and D% yellow when are in the 20-80 but when they are outside k% id red and D% pink. is it? a? a? a? is it?
- #279
- Oct 25, 2008 3:16am Oct 25, 2008 3:16am
- | Joined Sep 2008 | Status: Major Tom is a junkie | 161 Posts
Check the last pdf of the first post
Are you referring to the different settings?
If so, I find them to be useless as there is no recommended time frame for the setting to be used on.
I think the PDF's have great info, but the suggested settings mean nothing without a note under them to show a suggested timeframe.
- #280
- Oct 27, 2008 1:18am Oct 27, 2008 1:18am
Are you referring to the different settings?
If so, I find them to be useless as there is no recommended time frame for the setting to be used on.
I think the PDF's have great info, but the suggested settings mean nothing without a note under them to show a suggested timeframe.
Well, the info from the pdf reefers to 3,2,3 and of course it can be applied to the classic 5,3,3 but I didn't suggested any time frames because the same setting can be use on a h4 chart (if you want to plan your trade to last a couple of days) or on a m5 or even m1 chart (if you are a scalper).
See ya'