See the attachment for details.
A-This shows the high of the session spiking up.
B-Stochastic settings of 14,14,14 shows a high and rounding separation of the K and D indicates pair is maxed out.
C-Stochastic settings of 9,5,5 is great for showing Divergence. Here the price is spiking higher and notice how the indicator is heading down. Solid Divergence. This is screaming SHORT.
D-Stochastic settings of 3,3,3 is fast and shows Divergence also here and is screaming SHORT.
NUGGET - If you see the 14 Stoch %K hit 80 and flat line for 4 candles or soo, expect a pull back and bust to new highs. It will also do this near 20 or below. A flat %K is a warning the high is very near. Expect solid reversal.
Stochastics
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- MarketSlayer
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Stochastics
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MarketSlayer
I like stochs a lot with you; and want to ask you a question. Cover up the top price chart and tell me what the three STO charts are telling you to do trade wise.
I hope you are benefiting from being here on Kreslik. This place is like me as a kid in a big candy shop. Enjoy yourself and take your time.
Patch
In VA
I like stochs a lot with you; and want to ask you a question. Cover up the top price chart and tell me what the three STO charts are telling you to do trade wise.
I hope you are benefiting from being here on Kreslik. This place is like me as a kid in a big candy shop. Enjoy yourself and take your time.
Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
- MarketSlayer
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I have done that with the #14 and the #3 Stochs....I hid the charts and based off the indicators, plotted vertical lines when the #14 was high and rolled over above 60, and the #3 retraced and rolled over. It was shockingly accurate. If you add the Trendlines and wait for the price to react, or break support/Resistance after stochs cross is good. Also each pair has its personality. I often notice EUR/USD Stochs will spike three times with the last spike Diverging...
If you can combine this with Support/Resistance Price lines it helps.
If you can combine this with Support/Resistance Price lines it helps.
- Patch
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MarketSlayer -
Sounds like you are on the right track. Keep posting charts with your entry and exit notes as your are able to do so. --Patch
Sounds like you are on the right track. Keep posting charts with your entry and exit notes as your are able to do so. --Patch
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
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