Here is the compiled one.
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Stoch-MTF-True.ex4
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Disliked{quote} Master 101; Please help us to understand more by a graph, I believed this is an art and from ur many past experiences. thxIgnored
DislikedHello Yao, by looking at the magnitute of the move, when you see shorter move, that's retracement. Another element is the time, it takes longer time and choppy movement when you see retracement. at the top of the retracement, that's when you go in. another way to do this is using MACD as directional indicator, and stochastic as entry. hope it helps. LPIgnored
DislikedHey guys, I think ive finally seen the light with this method over this weekend whilst studying over the thread again, all i can say is that the overbought areas are not the main focus like everyone is making out, its all about when the higher timeframe oscillator leaves the overbought/sold area and the timeframe oscillator below that one goes against it briefly like a pull-back and back in direction with the higher TF, this is when you should get into the trade. {image}Ignored
DislikedHello Yao, by looking at the magnitute of the move, when you see shorter move, that's retracement. Another element is the time, it takes longer time and choppy movement when you see retracement. at the top of the retracement, that's when you go in. another way to do this is using MACD as directional indicator, and stochastic as entry. hope it helps. LPIgnored
Disliked{quote} I agree with Yao and others, a chart will speak clearer....please post chart.....Ignored
Disliked{quote} Please see chart. I dont mean to intrude 101's thread, I hope it helps other traders. MACD is directional indicator, so it shows the big trend. in the mean time, stoch is cyclical indicator, it shows cycles within the trend. By looking at the magnitude of the cycle we can indentify trend direction. Same Idea with the stoch. I post the pic just hope to help you understand. i'm at work, so i just post the online chart. sorry... LP {image}Ignored
Disliked{quote} Thanks LP {image} So from my understanding The price is reacting normally to the MACD and then there is a pullback upwards and price looks like it slows down, this is the time that the stochastic also goes into overbought and this would be our trade is this correct? thxIgnored
Disliked{quote} BIngo, but becareful on one thing, the pic i showed is after the fact, in real time, its really hard to see, because the MACD could be sticking together (the lines), so its hard to tell if it will cross up and trend change to upside. But with the help of "going with the main trend", in this case, its down, you can pretty much nail it. plus if there is any major news come out during that time, it would act like catalyst and price dropped even faster. hope it helps. LPIgnored
Disliked{quote} I understand now, i believe that with practice it becomes easy another small example below. Thanks again. {image}Ignored
DislikedHello Yao, by looking at the magnitute of the move, when you see shorter move, that's retracement. Another element is the time, it takes longer time and choppy movement when you see retracement. at the top of the retracement, that's when you go in. another way to do this is using MACD as directional indicator, and stochastic as entry. hope it helps. LPIgnored
Disliked{quote} Read post #303 by 101investing...he advises us to follow main trend, and see how 'price' response to the oscillator!Ignored
Disliked{quote} Thank you, low profile; I can see there is a tight relationship between MACD and stochs, will study more. True, its a very great tool to see the move, many many thanks to ur contribution. regards, YaoIgnored