Down to 14 hour chart showing the the large pin formation sent me over the edge on this one. It almost looks to good to be true.
Stochastic Oscillator
Stochastic Long Signal Crude 1hStochastic providing the early entry. Stop is last low print - 2t 52.08.
I happen to be 10m delayed and know from other platform that it went down about 13t from 52.35 to 52.22 during the delay.. still anywhere around here is the hourly swing up best entry if it's going to happen. If it doesn't.. it doesn't. If you like more confirmation, enter the DTI.
A Possible Correction Of The Entire Wave Up?Price has made 3 legs up ( leg 1, leg 2 & leg 3 ). So is it time for a correction of the entire wave up before the bulls come dominating again? What is not clear is if that's the end leg 3. However, if price breaks the mini trendline and holds, that could be the beginning of the correction .
On the contrary, if price decides to go up, I will try my best to update the chart once I get a buy setup.
Happy Trading.
6.1.8 Family.
FTSE completing a Quasimodo Top?I'm not a fan of Head and Shoulders patterns - inverted or otherwise - but many people will have noticed the formation in the FTSE100 and will be waiting for the break down.
Whilst oversold stochastics could promote further right shoulder development, the eventual break will likely target 6400/50 as profit-taking pressure increases.
Would Victor be a seller?
Multi time frame StochasticThe idea for this is quite simple and no rocket science necessary to make decisions. This is to help you (hopefully) to anticipate instead of participate.
The thick yellow line is the default Stochastic (14,3,3); the shades of blue are lower time frame lines while the shades of red are higher.
When the 17 strands form a rope it's time for action, buy or sell. When the rope disentangles be cautious and/or exit.
Another good place to act is where the strands form angles (peaks & valleys) but not necessarily a nice rope yet. Check that you are in the overbought/oversold areas when actioning this.
When the rope forms a fishnet, beware, you will get caught! Hopefully you are out by then and waiting for the next peak/valley/rope to form.
You can also change the time frame to differ from that of the chart's time frame if you want to study or test strategies.
Use this with other indicators (Bollinger Bands, MA's) to help your decision making.
Hope this helps.
Channel bounce with the trendReally nice channel with multiple bounces, looks like this one is going to bounce in the direction of the trend... waiting a little longer for confirmation from stochastic, looks good so far... thoughts?
Channel on the daily, think it will go back up?Here's a nice little channel on the daily charts. If stochastic crosses back up, might look to go long, but really waiting for price to go back up and then fall back down in the direction of the trend... thoughts?
Looks like a good bounceStochastic confirms by crossing below 80, good RR for my plan, placing stop at previous swing low... thoughts?
Trenline brokenWas watching this trendline the last few days, finally broke to the upside... thoughts?
Breakout above trendline on daily chartStochastic oversold, then price rallies to break through the top of the channel with ease, wonder how long this will last... thoughts?
