Hello Traders,
I'm new to the forum and came across this method that I'm going to give a shot. I hope that I will be able to contribute to the thread in a manner that will help us all achieve our trading goals.
I have downloaded the indicator that was created in the previous post and I also have the 5,3,3 and 14,3,3 stochastics on my charts. This way I'm able to get an alert when a new trade generates but I also watch the charts with stochastics to learn how they move and slope with price.
The chart combination that I will be using are H4 for the main trend and then H1 for the signals. A few hours back there was a long signal but I passed on it because the 14,3,3 stochastics were overbought. I've attached a screenshot and placed a vertical line on the candle where the most recent long trade could have been entered using the H4 and H1 chart combination.
I'm new to the forum and came across this method that I'm going to give a shot. I hope that I will be able to contribute to the thread in a manner that will help us all achieve our trading goals.
I have downloaded the indicator that was created in the previous post and I also have the 5,3,3 and 14,3,3 stochastics on my charts. This way I'm able to get an alert when a new trade generates but I also watch the charts with stochastics to learn how they move and slope with price.
The chart combination that I will be using are H4 for the main trend and then H1 for the signals. A few hours back there was a long signal but I passed on it because the 14,3,3 stochastics were overbought. I've attached a screenshot and placed a vertical line on the candle where the most recent long trade could have been entered using the H4 and H1 chart combination.