Some people say I'm lucky, but the more I practice the luckier I get
DislikedWhy 1.033? Is it because it is the previous high that we need to pass in order to void the divergence?Ignored
Disliked"After 50": I was asking if you meant that after the cross of stoch's 50 level the next step was to look out for the next lower (or higher) level below/above 70 to then move again the fib initial point and wait for a 50 cross (this is also what I meant by the ""peak-50-valley-50-peak" "rule" - as this is what I have understood from irfandbl earlier posts.
Understood now the "Pop".
However why would we place the 50% fib at that place? Or do you mean to align the 50% fib with the 50 stoch cross only when 70 opposite level has been...Ignored
DislikedThree reasons I have a H1 Gartley pattern which would fail above that level and it is the 100 Fib level (based on 15M chart and sort of following your rules) and lastly if it continues much above 1.033 then we no longer have hidden divergence.Ignored
DislikedThe post from irfandbl explains much better. I still need to re-read to understand more.
Believe it is similar to what I am trying to say in my previous posts.
You can see:
- Different Stoch (5,3,3) and (14,3,3). Up to you to come up with your own parameters as long as it reflect the longer timeframe you are watching.
- Also irfandbl re-position his fib.
- Just need to understand further on his meaning of peak there.
I want to analyse for A/U as well on...Ignored
Dislikedthanks, in order to void the divergence, should the price hold at that point or a simple spike would do it?Ignored
DislikedIf you hold the mouse over vertical scale to the right of the chart you can drag the chart which will shrink it, hope that helpsIgnored
DislikedIn my early days I also tried to drag that damn bid line, but never succeeded LOL, It would be nice tho, drag it up and close the trade with a fat profitIgnored
Dislikedlol only your broker can do that, but normally in the direction of your stopsIgnored
I know it's confusing (at least for me) to have two parameters of stochastic to follow. But having only 5,3,3 to follow has caused some "holes" based on my findings.
Most of the times...our previous 50 level cross would be voided if it has re-crossed level 50, especially in this case, it has created a new "valley".
I choose the phrase "most of the times" because I had a few cases just like the one you mentioned, it eventually chased it's previous targets because some of them had not been reached on his "first time". So the...Ignored
DislikedTouch wood Oanda never did that to me, there were occasions with price just 0.3 pips away from my SL, not being hit. But I've seen some 100 pip spikes on the 5sec chart, must have been painful for those in a trade.Ignored
DislikedHaving some problem with the Fib tool as my 100% is below the recent price, so cannot pull it down properly.
Problem is scrolling down below recent low price, or scrolling up above recent high price.
Any suggestion on how to extend the fib tool on the MT4 chart without switching to another time frame ??
Is there a special function key to scroll up or scroll down the price chart further ??Ignored
DislikedClick on the vertical price tab on the right and scroll it up or down to squeeze the view.Ignored
I know it's confusing (at least for me) to have two parameters of stochastic to follow. But having only 5,3,3 to follow has caused some "holes" based on my findings.Ignored
DislikedAaah, thanks for reminding me that we have Benny on the mic today. Most likely it's going to be a bullish day. Thanks again PapaIgnored
DislikedAlthough not "the same target", at least in a narrow range (30 pips), and there are also tighter coincidences on the 50 stoch level of all three waves. I was precisely checking this on the daily chart I attach below.
Hopefully self-explanatory as I'm about to fall asleep ... if any doubt let me know.
Starting to get the idea hehe ... finally!
For Stochastic, there is a multi-period stoch indicator somewhere on this forum, I think I should have it on my old files but anyway you can do a search if you are...Ignored
DislikedI have this MTF Stoch, its default is 60Min but you can change to any TF and also load them all on your chart at the same time. Hope it helpsIgnored
DislikedLet DB show the blank space to the right of the cartoon.
Was having a look at 98/3/3 settings (14*6 daily candles - if no sunday candle should be 84/3/3).
What an amazing way to avoid all the flat "oversold-that-just-keeps-falling-anyway" (or the inverse) stoch, and let profits run.
I am really, utterly AMAZED.
Can't thank you all and DaddyBear enough for the awesome teamworking and sharing spirit of this thread. Wow.
Gotta make some coffee and keep learning.
Sleep can wait, LOL. Anyway, it's Friday!Ignored