Display posts from previous
Sort by

Re: Stochastic Cross Signal System And Testing

52 by TEAMTRADER
PREPARATION - the weekend is the time for the following weeks trades.
I have shown the way that the STOCHASTIC indicator is used for this weeks trading of the DOW.
Antone trading different indices or FX charts can use this very safe system of determining how the chart will move in the coming week.
All the traps are hand drawn and use the FAST number on the stochs indi from where they are in the very o/b or o/s areas.
My observation is that the 1hr chart is in hidden sell divergence but the 4hr chart shows the current bottom may have been reached - so a watch and wait until one of them is proven correct.
My post is to encourage preparation and this is my way of preparing.
TEAMTRADER
These users thanked the author TEAMTRADER for the post (total 5):
mrtools, Cagliostro, Jimmy, boytoy, ChuChu Rocket

Re: Stochastic Cross Signal System And Testing

54 by TEAMTRADER
The Asian open and now the European open seem to confirm that the low of 42057 is the current bottom of the DOW and hopefully will be confirmed only when the US opens.
UPDATED preparation charts below to show the continuous process until a safe entry is achieved.
TEAMTRADER
PS
I've added below the 1m chart which was just after my exit plus 112 pts.
Mr Tools - I've removed the lines from the screengrab as it is easier to see - but in the live trading I use them - many thanks once again.
These users thanked the author TEAMTRADER for the post:
ChuChu Rocket

Re: Stochastic Cross Signal System And Testing

55 by TEAMTRADER
Continuing the uptrend signals from the higher timeframes the first illustration below show the exit on my first trade - out of US hours so the spread is bigger - only 18 pts but nevertheless a profit.
The second illustration show my next entry.
The third illustration shows my hopeful monitoring trap on stochs although the lower trap is the key. The price dipped below the BB but returned immediately so this was key in my decision to remain in the trade.
The fourth illustraion shows my exit at +33pts.
The traps I draw use the exact numerical data as is on the stochs (by placing the cursor over the stochs it gives this information. Very easy to do on the upper times frames but the 1m timeframe is a very much more urgent.
Once again it is in the preparation - someone should open another thread for other traders preparation for trades? OR others could use this thread to show their preparation methods.
TEAMTRADER
These users thanked the author TEAMTRADER for the post (total 2):
ChuChu Rocket, kudrpenk

Re: Stochastic Cross Signal System And Testing

56 by ChuChu Rocket
TEAMTRADER wrote: Tue Jan 07, 2025 11:52 pm Continuing the uptrend signals from the higher timeframes the first illustration below show the exit on my first trade - out of US hours so the spread is bigger - only 18 pts but nevertheless a profit.
The second illustration show my next entry.
The third illustration shows my hopeful monitoring trap on stochs although the lower trap is the key. The price dipped below the BB but returned immediately so this was key in my decision to remain in the trade.
The fouth illustraion shows my exit at +33pts.
The traps I draw use the exact numerical data as is on the stochs (by placing the cursor over the stochs it gives this information. Very easy to do on the upper times frames but the 1m timeframe is a very much more urgent.
Once again it is in the preparation - someone should open another thread for other traders preparation for trades? OR others could use this thread to show their preparation methods.
TEAMTRADER
Pretty looking charts and good setups with nicely explained info right there 🙂
These users thanked the author ChuChu Rocket for the post:
TEAMTRADER

Post Reply Attachments 125

Return to “MT4 Indicators”