Here is another example of Stochastic where the area of entry is marked... Two bottom dips are connected and the green oblong area is where the entry would be.... for those new to Stochastic would be required to go long 1 Bar Later on the Hook
Stochastic setting is 9, 3, 4
I am still new to marking and labelling charts.... will improve with a little practice....
Here is another example of Stochastic where the area of entry is marked... Two bottom dips are connected and the green oblong area is where the entry would be.... for those new to Stochastic would be required to go long 1 Bar Later on the Hook
Stochastic setting is 9, 3, 4
I am still new to marking and labelling charts.... will improve with a little practice....
I have the same Stochastic setting for International Forex & Commodities on the 60 Minute....
...but don't have any intraday data for our markets to check it out... there are only a couple of things on the Stochastic that I look for...
a) Two bottoms creating a -ve divergence... of which example is on the chart posted
b) Two tops connected to create an extended more like a Trendline to take a long entry when the Stochastic moves above... will post an example on Monday or Tuesday for this example....
Infact on Manohar's chart in the Stochastic window pane.... is where one can connect the two tops and extend it to the right of the chart and take an entry when the Stoch line goes above the Line....
Here is another example of Stochastic where the area of entry is marked... Two bottom dips are connected and the green oblong area is where the entry would be.... for those new to Stochastic would be required to go long 1 Bar Later on the Hook
Stochastic setting is 9, 3, 4
I am still new to marking and labelling charts.... will improve with a little practice....