Stochastic Secrets - How To Pick Tops & Bottoms With Ease
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- Опубликовано: 23 сен 2024
- The Stochastic Indicator is an oscillator designed to tell you when the market is overbought or oversold.
In this video you'll learn how to use the stochastic oscillator and you'll learn a trading strategy using the Stochastic that works on a variety of different timeframes.
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Honestly amazing how you explained and how simple you made divergences, hidden and regular, I've watched lots of videos and finally landed on yours, thank you!
Absolutely the best most informative and easy to understand instructional video I’ve seen in four years really really appreciate it
Dear Sir, this is insight. Thank you for this contribution. After 10 years the stochastic now makes sense for me the first time. Please continue the good work.
This was the best stochastic video I've ever fkn seen!
Thank you for the explaination. This is the best indicator indeed. Thank you Sir...
I had very good learning experience. Your narration is easily understood. Thank you.
Finally i get the entrance and exit video, ive always loved divergence trade but cldnt quite get entries and exits
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You can write him at his Google mail address
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Hi Pete, if you go to www.epic.markets and use the chat in the bottom corner, the live chat team will get you setup in the new members area with the new trading platform and software etc.
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Really enjoyed this video, I use Stochastic RSI and other indicators combined to trade stocks, one of my favorite indicators!
The only comment I would make is that stochastics is calculated using closing prices. Therefore, divergences have to be based on the respective closing prices not on the highs and lows of the bars.
best divergence explanation
A well explained and easy to understand. 👍🏼
Best stochastic video
Excellent, well explained.
Very good explain in the stochastic oschillator. Some another secret stochastic videos upload please. I am waiting for your other stochastic secret in trend continue secret video please
great video thanks for sharing
What are your thoughts on stochastic momentum index?
i was experiencing lapses in putting enough work into trading, and my job made it nearly impossible for me to earn. until i came across Frank Woodman Trade training classes, turned my life around, I'm so grateful!
TOP DOG TRADING...FIFTY YEARS TRADING EXPERIENCE....... TAUGHT ME A VERY VERY IMPORTANT FACT.......IN A STRONG TREND, ONCE AN INDICATOR GOES INTO OVER BROUGHT AEAD, THIS IS NOT TIME TO SHORT....IN CONTRAST, 80 ON THE STOCH. INDICATOR SCREAMS THE TREND IS STRONG AND NOT ABOUT TO END....JUST TAKE A LOOK AT CHARTS, HOW LONG THE STOCH CAN READ OVER 80 WITHOUT A REVERSAL.....STOCK OB AND OS WORK WELL IN PARABOLIC MKTS, BUT........NOT STRONG TRENDING 45 DEGREE MKTS....STOCHASTICS CREATOR, CREATED THIS INDICATOR TO GAGE MOMENTUM.....THE STRENGTH OF A TREND....NOT OB OR OS.
I clearly pointed out overbought and oversold don't work and that you need to trade the divergence, both reversal and continuation
@@ClickTradeProfit Sorry, it has been one year since I watched your video. I had forgotten all the content...Actually OB OS does work in parabolic mkts and power trends...for instance, seven green bars with one small red pull back bar. But using OB OS is really hard to determine when it gives good signals. Therefore for the average trader, your directions are good.
I rely like your aproche
Great video. Thank you!
28:43 Don’t you think the stochastic RSI gave an accurate buy signal in a bullish market followed by a bullish engulfing candlestick?
I formulated your statement at 30:35
with small mathematical tricks
into the MQL4 scripts below and it becomes
a usable EA and profitable.
double HH3bars=(High[0]-High[2]);
double LL3bars=(Low[0]-Low[2]);
double result=0;
if(HH3bars*LL3bars>0 && HH3bars>0) result=HH3bars;
if(HH3bars*LL3bars>0 && LL3bars
What's your entry rules? Or are you just using 3 bar highs and lows with a breakout as the trigger?
@@ClickTradeProfit Yes, I simply use the value of the variable result. If it is minus, it is time to open a SELL order, and if it is positive, it is time to open a BUY order. When the value of result==0, it is time to exit any open Orders...
I never thought of how life can be this easy....
Well, thank you very much for your golden statement which I quoted into MQL4 formula which has now been my holy grail....
Now with this strategy, most of the time I see only blue color on my MT4 floating orders.....
Can it work in higher time frame like daily weekly or monthly with same setting?
Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days). By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10,four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. And I seek your wisdom?
Loved it...
SIR, Trading forex supply & demand if 4 hour trend is up,& 1 hour trend is up as well--then on 15 minute time frame chart one has to wait until price comes down to support level(derived from 1H chart) & using smaller 15 minutes chart watch that this level holds & then buy. Next step would be how this long position attacks higher supply level ON THE SAME 1H chart & only sell if forex pair turns down at this higher supply level--otherwise just hold the position on to next higher supply level ON SAME 1HOUR CHART--any comments, modifications?
Definitely the best way to trade bigger moves with discretion, but I don't like using supply & demand levels as they're so subjective and prefer system trading to discretionary trading.
Sir, Chances of price going up or down after hitting any level is 50-50.IF 4 hour chart based support/resistance level gives trader an edge of say 5% (of price deflecting at the level),would that edge be good enough to make money? Let trader put standing orders each day,each order has take profit & stop loss --TP about 150-200% of SL--and let statistical odds play out.New orders each day after day.Sir, Any suggestions/modifications??
Tradingview 5 minits chart intraday. Howmany periods setting 8 3 3 or 14 3 3. What period set the tradingview
8 3 3
SIR, Trading forex supply & demand if 4 hour trend is up,& 1 hour trend is up as well--then on 15 minute time frame chart one has to wait until price comes down to support level(derived from 1H chart) & using smaller 15 minutes chart watch that this level holds & then buy. Next step would be how this long position attacks higher supply level ON THE SAME 1H chart & only sell if forex pair turns down at this higher supply level--otherwise just hold the position on to next higher supply level ON SAME 1HOUR CHART--any modifications you suggest
Trading stochastic crossover is not good. Now if we put 8,1,1 instead of 8,3,3 then will it not work well ?
Trading any stochastic crossover loses money. The only way it works, is if you trade divergences.
8, 1, 1 is very, very choppy.
SIR, When swing trading forex with support/resistance what is reliable time chart to use for S/R levels--is it 4 hour OR 1 hour chart? I think that 1H ,30M, S/R levels are going to get easily violated if trading is against trend on 4H/Daily chart. Of course entry be made based on 15 M chart price action BUT ENTRY HAS TO BE IN THE HIGHER TIME FRAME DIRECTION--I seek your wisdom
25:42 What would be your reason to counter trend trade by taking a short position in a bullish market?
In FX, we're never far from a sideways patch, trends don't last as long as other markets like crypto and stocks.
Its good the info you have here however, your pictures of divergence vary. Typically, if there is a trend and the stochastic opposes it, there is a continuation trade shown, however around 27:48, you show an opposing example. For example, you are starting by showing if downtrend, to pay attention to the highs of the oscillator, or if uptrend, pay attention to the lows of the oscillator. At 27:40 you show a downtrend, paying attention to the lows. The question arises, when are you following a structure that adheres to the downtrend in price, highs in oscillator, or uptrend in price, lows in oscillator? Because at 27:45 or so, you don't follow any of that. When then do you make the call that your use of the oscilllators is just not whatever you choose when you feel like it? There is no consistency to your approach, so the technique is shoddy in that respect, although divergences are an older method. Answer this question: When will you use opposing hi s and lows in relation to the price/oscillator relationship, and when will you use parallel hi s to uptrend and parallel lo s to downtrend? Do you understand what I am presenting here?
Yes, I understand that you didn't fully understand the content.
Always look at the highs to sell, always look at the lows to buy. Trend is irrelevant.
If price is trending up, a difference in the highs will give a short signal and a difference in the lows will give a buy.
If price is trending down, a difference in the highs will still give a sell signal and a difference in the lows will still give a buy.
Trend is irrelevant.
In the video, I was simply showing the valid signals that setup, as divergence will not identify every single swing high and low point.
The best is to trade it with RSI and MA 200
Can I trail on mt4
Sir, In forex what is lowest time frame supply demand(support/resistance) chart LEVEL with any decent chance of HOLDING THE GROUND at the level--is it 4 hour or 1H level ?.I would think that supply demand levels HOLDING 30 minute or 15 minute levels are relatively small (& only small chance of making a buck). Institutions watch 4H chart(supply demand) levels much more. IF 4H level gives even 5% edge of HOLDING, then may be little guy can make A buck or two--Any comments/suggestions? Thanks.
You have won me over to using stochastic rather than rsi. Actually Stephen Bigelow uses stochastic rather than rsi but uses 12. 3. 3. He is a master at teaching candlesticks
However, you don't stress that double tops and double boots on the stochastic are valid reversal entries
Instead, you call them divergence continuation signals..
Not sure that is the proper interpretation
As long as there's a difference in the highs and lows, so double top stochastic with a higher high in price, then it's fine.
Continuation divergence is (in uptrend) higher low in price, lower low on stochastic.
@@ClickTradeProfit thanks for response
hello, how can I add that indicator to mt4 platform?
It's not necessarily true that divergence are the best when trading stochastic. Just trade oversold and overbought in the direction of the trend, catch pullbacks, you are sorted 👍🏿
On mt4 mobile you have the choice of close/close or low/high. Which do you choose?
Low/high
Why are people saying that ABNB will buy VERB at $6.00? Maybe they don't want competition?
A simpler way. Is. Use a 9 and 21 ema. Buy when in uptrend on cross of stochastic. Sell. With top crossover to short. Only if ema s. Are trending down
Scary at times.
12:56 Why would you short the market when it's obviously an uptrend?
If you follow this advice you will blow your account within seconds.
Look at the tail on the large pin bar in the middle of the chart.
You've basically got a false breakout in a trading range.
Plus, systems don't care what you think the trend might be, systems just follow the rules of the inputs.
@@ClickTradeProfit So you trade this everyday? What are the results of your last 100 trades?
The market is in a strange period, certainly not trending up, but not nose diving either. It seems like money is shifting and leaving, atleast when analyzing order flows. The forex market I know far less about.
just add an ema to your chart and youre almost good to go...
GOOD STUFF
Dear friend there is something wrong with your measurements even by naked eye your profit is much bigger than stated
starts 1:44
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Gracias por la información, personalmente, mis ganancias llegan semanalmente mientras invierto en el mercado financiero con un especialista en inversiones, el Sr. Samuel Forbes. Es más inteligente trabajar con un profesional
Estoy totalmente de acuerdo contigo, realmente no puedes hacerlo por tu cuenta sin orientación. Exploté mi primera cuenta de veinticuatro mil reales. Siempre es más seguro trabajar con un profesional
@@marcosgoncalves7598 Depende del profesional y el timpo del broker
YOU SAID SELL SIGNALS TRADING UP WILL LOSE IN YOUR VIDEO. JUST MY POINT. SO IF MARKET IS UPTRNDING....BUY ONLY AT THE BOTTOM 20 LEVEL. IGNORE SELL SIGNAL.......THEN. WHEN PRICE TRENDS DOWN......SELL AT 80 LEVEL. IGNORE. BUY SIGNAL. THAT SHOULD SAVE YOU MUCH TIME
No thanks 😅
Daily is my fav I made good money with CCI6 added
YOU SHORTED ABOVE 80. AT THE CROSSOVER. AND YOU WERE DOWNTRENDING. YOU BIUGHT. BITTOM CROSSOVER OF SOCHASTIC BECAUSE PRICE WAS UPTRENDING. THE DIVERGENCE BEFORE IT MEANS NOTHONG. YOU SHOULD BE FOCUSED ON THE PRICE ACTION NOW AND THE CANDLES. NOT THE DIVERGENCE THAT HAPPENED.
OMG!!!! SO BORING
AS YOU LESRNED PRIOR TO DIVERGENCE. WAS.......TRADE IN THE DIRECTION OF THE TREND.....IF YOU DO SO....THEIR IS NO FALSE SIGNAL.
So I assume at this point, you've made millions from trading?
OVERBOUGHT. OVERSOLD ON SOCHASTIC WORKS IF YOUR IN THE TRENDS DIRECTION. COMMON SENSE. NO. DIVERGENCE. NEEDED