Stochastic lines crossover
Here is a very basic overview of a role of a Stochastic indicator in the Forex trading. Knowing exactly what to expect from Stochastic, if you ever plan to add it to your own system, will affect trading results dramatically. For this trading method:
Currency pair: Any.
Time frame: Any.
Indicator: Stochastic (14, 3, 3)
Entry rules: Buy when the faster moving Stochastic line crosses above and up over slower moving stochastic line.
Exit rules: Sell when the opposite situation (next crossover) occurs and right after that open an opposite position. It is again recommended, once the first touch of Stochastic lines (possible future crossover) has been spotted, to wait until the following price bar on the chart has closed and only then take actions.
Advantages: can give entry and exit rules, easy to use.
Disadvantages: Stochastic is a lagging indicator – with this lines crossover system it can create a lot of false signals. Traders may want to change Stochastic regular settings for each particular currency pair to eliminate as many false signals as possible. Stochastic crossover system is good when used in combination with other indicators.
Here are the top personal finance rules that could change your long term success and allow you to end up with a high net worth instead of being deeply in debt, living paycheck to paycheck, and always feeling financial pressure. These are more behavioral than mathematical in most cases. Self control, patience, and consistency are your top tools to be successful in your personal finances. 1.You will need either a budget to ensure you spend less than you make or the self control to simple buy what you need within your means. 2.Play great financial offense. Expand your income to increase your standard of living. You will be more successful if you do something you love because you will bring more energy to it. Look for a mission in life not just a career or a job. The worst thing you can do is just work for money, that is a low energy endeavor. 3.Play great financial defense. You can’t out earn stupid spending as entertainers, sports stars, and the majority of lottery winners have shown. Spend money on things that are worth their cost. Buy things that create value for you in happiness, experience, or entertainment. Stay away from spending large amounts of money on things you will regret later. 4.Buy a newer built house in a growing area with good schools, businesses, and attractions. Avoid old money pit houses or buying in a declining area. If you buy in the right place at the right time your house could double in value in a few years. 5.Use a 15 year mortgage to buy your house not a 30 year mortgage. If you use a 15 year in 7 years you will be about halfway done, you will save a ton on interest, and will be working on the principle owed. After 7 years of a 30 year you are just getting started on getting it paid off. 6.You can marry anyone you love so focus on looking for and dating people that will be financial asset in your life. Stay away from drama, people that are materialistic, princesses, and spoiled little boys in men’s bodies. If you want to be married choose someone that will bring added value into your life and wants to pursue the same goals in life. 7.Do everything in your power to avoid divorce. It is a 50% drawdown in your net worth. The most important step is in who you choose to marry but once married your behavior and choices will play a huge part in whether your marriage ends in happily ever after or divorce court. 8.If your company matches your 401K contribution get the full match so you can double your money tax free. 9.DO NOT TAKE out money from your tax differed retirement account until you are retiring. The penalties and taxes will eat your capital up. 10.Invest in companies you believe in. Don’t just be a customer be an investor. 11.Buy cars that are 1 or 2 years old so someone else can take the initial depreciation from the cost of buying it straight form the dealer. 12.Try to avoid car payments when possible. Maintain your car and keep it after it is paid off. Divert the car payment money to saving or investing. 13.Only spend the money on college if it fits into your life and career goals. A four year college is not for everyone. College should be a step on a path to your goals not a goal itself. 14.Only spend money you are planning to spend. 15.Money in itself can’t make you happy but being broke can make you unhappy. 16.Buy assets not just depreciating consumer goods. 17.Creating cash flowing assets. 18.Stay up to date on technology and trends. 19.Create multiple income streams. 20.Always have enough savings that you don’t have to put up with anyone’s BS.
1.$SPY did bounce near the 200 day sma and the 30 RSI but failed to rally and begin a new uptrend. ($SPX chart had a near perfect peg of the 200 day sma / 30 RSI and bounce). 2.$SPY chart remains under a bearish MACD cross under. 3.The ATR has continued to expand back to highs on the year as the daily trading range has become wide in March. 4.RSI is at 42.71 showing the loss of momentum and we could easily see a dip back to a 30 RSI. A break back over the 50 day SMA would be a new momentum signal. 5.The Facebook data breach has caused the tech sector and stocks of companies associated with user data to enter pullbacks. $AAPL $AMZN $FB $TWTR and $GOOGL to name a few. 6.The VIX stayed in a range last week closing near the weekly low at 19.97. 7.The initial chart pattern had $SPY gap down and out of a symmetrical triangle. This was a bearish break down of the chart. 8.$SPY is currently in another symmetrical triangle with lower highs and higher lows. 9.A break above the higher descending trend line would be bullish and a break down below of the lower ascending trend line would be a new bearish signal. 10.Currently the market is in a correction and this is the opportunity to buy the stocks you want at rare price levels near the 200 day SMA or 30 RSI.
hiiam trading with some range pairs eurchf,eurgbp,usdjpy with one strategy ofcourse it is scalping.my trades are mixed with others while trading with this strategy.strategy iswe attach indicatorsbollinger bandenvelopewe use time m15logic=when price [up]exceeds both upper bb and upper envelope we short.when price[down]exceeds both lower bb and lower envelope we longstoploss 25take profit 8.with this sl and tp for three days i have 16 wins out of 18.i traded eurchf ,eurgbp,usd jpy[the loosing trades went wrong side maximum 100 pips and retraced almost 50%]and i observed last 2 years charts.i noticed that with stoploss 35 take profit 12 there is almost 80% winning.this is without martingale.-------------------------------------------when we make some martingale for losing trades almost all failure trades survive with in 200 pips range.i noticed if we use martingale as follows0.1 first ordergap 15 pips =150.1 lotgap 25 pips =400.1 lotgap 40 pips =800.2 lotgap 80 pips =1600.4 lotlock all orders at 220pips =220release all at extrreme level[use rsi,we can make it by manual also]stoploss 40 ,tp breaeven+30 pips