Australian Dollar / Japanese YenEducation
How to trade lower tf with Stochastics Real Deal indicator
Stochastics Real Deal is one of the most useful and profitable indicators you can find today on Tradingview.
After years of researching the ultimate stochastic indicator, i've finally crafted a perfect companion for any trader.
This indicator was created for forex 1D timeframe and most people use it this way BUT i can show you how to use it on lower timeframes too!
Look at this chart image https://imgur.com/a/5TN62h3
<blockquote class="imgur-embed-pub" lang="en" data-id="a/5TN62h3" data-context="false" ><a href="//imgur.com/a/5TN62h3"></a></blockquote><script async src="//s.imgur.com/min/embed.js" charset="utf-8"></script>
On the left there's 1D timeframe for AUDJPY pair that we take as a reference and bias. If Stochastics Real Deal (SRD) is giving a sell signal like we see in this example, we can go on lower timeframes like 30 min and start scalping the hell out of this pair!
On the right there is 30min timeframe AUDJPY. Keeping in mind the sell bias on 1D, we are going to consider only Sell signal for our scalping entries from now on.
The sell entry for this indicator is when dots are red and stochastics cross down 80 value.
The exit for a scalp will be when stochastics touches or crosses 20.
So easy yet so effective!
The Stochastics Real Deal is available at the following link, just ask for a trial
https://www.tradingview.com/script/d68smEN9-Stochastics-Real-Deal/
After years of researching the ultimate stochastic indicator, i've finally crafted a perfect companion for any trader.
This indicator was created for forex 1D timeframe and most people use it this way BUT i can show you how to use it on lower timeframes too!
Look at this chart image https://imgur.com/a/5TN62h3
<blockquote class="imgur-embed-pub" lang="en" data-id="a/5TN62h3" data-context="false" ><a href="//imgur.com/a/5TN62h3"></a></blockquote><script async src="//s.imgur.com/min/embed.js" charset="utf-8"></script>
On the left there's 1D timeframe for AUDJPY pair that we take as a reference and bias. If Stochastics Real Deal (SRD) is giving a sell signal like we see in this example, we can go on lower timeframes like 30 min and start scalping the hell out of this pair!
On the right there is 30min timeframe AUDJPY. Keeping in mind the sell bias on 1D, we are going to consider only Sell signal for our scalping entries from now on.
The sell entry for this indicator is when dots are red and stochastics cross down 80 value.
The exit for a scalp will be when stochastics touches or crosses 20.
So easy yet so effective!
The Stochastics Real Deal is available at the following link, just ask for a trial
https://www.tradingview.com/script/d68smEN9-Stochastics-Real-Deal/
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