I changed it to EMA 50. But you can do your own research to find particular setting for MA period. But for me 20 is a lot of whipsaw then I changed it to 50.

Stress Free Trading Strategy, Simple as 1-2-3

Today, a trade was made on Aussie Yen. Stochastic has give buy signal, MACD line (or histogram bars) is above signal line, and there is angle between them. MACD is above zero and price currently is above EMA 50. Later I will upload this new ...

Stress Free Trading Strategy, Simple as 1-2-3

Problem is when price is stagnate, do you mean the market is going sideways or in consolidation? You need another indicator to detect market is thin or not. Use bollinger band or MACD.

Improve a scalping strategy

I also have a thread with similar strategy using stochastic, but fyi there no such thing about overbought or oversold in forex. But I use stochastic to generate signal, filter it with macd, and then confirm by price action. Use price action to ...

Improve a scalping strategy

Trade example on Aussie Loonie image

Stress Free Trading Strategy, Simple as 1-2-3

Here is an example when market is trending down, and stochastic stays in 0-20 zone for several hours. Again here, no confirmation for taking long trade since price is below EMA 20. In the case of trending market stochastic can stays in zone 0-20 and ...

Stress Free Trading Strategy, Simple as 1-2-3

Please note there is NO SUCH THING ABOUT OVERSOLD or OVERBOUGHT in forex market. The 0-20 zone and 80-100 zone in Stochastic, I am not consider it as OB/OS condition, since we know when market is tending, Stochastic can be always in that zone for ...

Stress Free Trading Strategy, Simple as 1-2-3

Trade example on Aussie Dollar. Notice, stochastic is give sell signal on 23 May 2019 during NY session, MACD is confirming on 24 May 2019, and also price is below the baseline of 20 period of EMA. If we take that trade, of course that is losing ...

Stress Free Trading Strategy, Simple as 1-2-3

Here is another chart example. NZDUSD, buy signal is generated from stochastic in 22 May 2019. 2 buy signal is generated, during Asian session, and NY session. MACD is confirming on 23 May 2019 at NY session an there is angle between histogram and ...

Stress Free Trading Strategy, Simple as 1-2-3

USDCHF now at weekly resistance 100 (I use Davit's pivot indicator, see Davit's Pivot Trading thread) Stochastic currently is in the 0-20 zone MACD histogram is above the signal line, but no angle between MACD historgam and signal line Price is ...

Stress Free Trading Strategy, Simple as 1-2-3

Really nice long wick and see that spikes takeout all tops before price pullback. Some buyers also got their SL taken out if they place SL too tight just below range area before news data GBP retail sales m/m is released. As you can see, LG up is ...

(binned per thread starter’s request) MM (Money Maker) Detective

I hope this indicator also available for MT5.

(binned per thread starter’s request) MM (Money Maker) Detective

And the most thing happen is price always eat all TOPS and BOTTOMS where the most trader placing their SL before going back to fill liquidity gaps. Example, in order to fill bearish liquidity gaps, the price eat all bottoms until there is enough ...

(binned per thread starter’s request) MM (Money Maker) Detective

In order to trade which direction when LG is occur, you need some kind of confirmation indicator, that can be candlestick pattern, and momentum based indicator like William %R, Stochastic, etc. When the indicator is confirm there is momentum change, ...

(binned per thread starter’s request) MM (Money Maker) Detective

That's liquidity gaps almost always get filled. Very high probability, but as you said SL must be very wide, better outside those alive line so it's never taken out by big guys.

(binned per thread starter’s request) MM (Money Maker) Detective

Yeah, hidden gap is very high probability, it always most get filled, but before get filled sometime it preceded by f**cking price spike from big guys manipulating markets hunting for stop loss. That's why I prefer to trade at zone #2 base on ...

(binned per thread starter’s request) MM (Money Maker) Detective

Damn dude, all buyer's stop loss and seller's stop loss are eaten by smart money. Thanks for your indicator now I am aware to placing my stop loss as being targeted by big player.

(binned per thread starter’s request) MM (Money Maker) Detective

Forex is DECENTRALIZATION market, there is no things about volume. All volume indicator just measure tick volume from your broker, even larger broker like FXCM display volume their trader who trade in their broker.

Hey...what about Volume?