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- MetaCoder replied Jan 6, 2024
I believe stochastic levels can be used whether the market is ranging or trending. And in trending action, countertrend profits can be made. Discipline in closing at a predetermined stop level is always important.
- MetaCoder replied Jun 25, 2023
The EURUSD downward action on Friday smells like the big/smart money taking out long position stops so they can enter long at good levels. Daily pivot points and the support/resistance levels can help decide where to place stops. No one likes taking ...
- MetaCoder replied Jun 25, 2023
Yeah it’s good to recognize that indicators only ever reflect the past, and anything can happen next. However we see behavior patterns that happen again and again and some indicators tend to mark good entry points, but neither the indicators nor ...
- MetaCoder replied Jun 23, 2023
Very high percentage of good signals for June 2023. image
- MetaCoder replied Jun 21, 2023
Seems a lot of people are looking for a simple magic formula that will guarantee them profitability. The "good YouTubers" play into that. There's no such thing.
- MetaCoder replied Jun 21, 2023
Yes, and of course, even in a strong trend, the price can suddenly reverse.
- MetaCoder replied Jun 21, 2023
If scalping, have a look at the one minute chart entries posted on this thread. In that case, the trader is watching for price touching the trend lines.
- MetaCoder replied Jun 21, 2023
In countertrend cases, I would have a bias toward taking profit early, such as when Stochastic values reach high levels when long, and when they reach low levels when short.
- MetaCoder replied Jun 21, 2023
They are used to determine if a short-term trend is in effect. If so, you may want to use the strategy as originally posted. If the bands are overlapping, you may want to put more emphasis on extreme stochastic levels, unless you decide to stay out ...
- MetaCoder replied Jun 21, 2023
Looking at recent H4 EURUSD, the last two signals per the criteria described in the first post of the thread, are good. image
- MetaCoder replied Jun 21, 2023
ANY technical indicator or combination of indicators can become meaningless when the market does something surprising. Whatever you choose as signals, it's good to go through the exercise of looking at where you would have placed trades and be ...
- MetaCoder replied Jun 21, 2023
Suggestion: Go to the M1 chart when you see very high and very low Stochastic crosses on the H4 chart. image
- MetaCoder replied Jun 20, 2023
You're not really steering someone toward a moving average cross...
- MetaCoder replied Jun 20, 2023
The "good youtubers." That's funny.
- MetaCoder replied Jun 20, 2023
Examples of two good long entries on H4 AUDUSD. image
- MetaCoder replied Jun 20, 2023
A third example showing a long entry and a short entry. During the uptrend shown, there are several good buy signals, based on the strategy described in the first post. The chart just shows one long and one short that are based on an extension of ...
- MetaCoder replied Jun 20, 2023
Another example showing a very nice long entry. Notice that the two MA bands show no trend, but the Stochastic cross with confirmation is a signal to consider. image
- MetaCoder replied Jun 20, 2023
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 ...
- MetaCoder replied Jun 20, 2023
up to you
- MetaCoder replied Jun 19, 2023
There’s nothing magical about any single indicator or any set of indicators. A market can do anything at any time.