This is one of the best explanations of Stochastics and how to use it....I would only add a short term stoch is best used for sentiment , with the longer term stoch best used to show momentum
@Netpicks15 жыл бұрын
I agree with you and the shorter term setting would depend on the type of trader you are. A swing trader would no doubt prefer a slower sentiment change while a day trader may want to cut ties with a trade at the first sign of a change. Great comment...thanks!
@NickMcGowan6 жыл бұрын
I'm amazed with your insight. I'm definitely going to come back to this video again in the future.
@MFXCenter7864 жыл бұрын
Great video and must watch for all the traders on stochastic oscillator.
@Netpicks14 жыл бұрын
We agree!
@ryankane92084 жыл бұрын
Stochastics are great if you know which settings and how to use them. If you add Daily and Weekly pivots, then your trading system is almost complete.
@domc10535 жыл бұрын
Sooooo informative. Had to go over the video a couple of times for it to sink in. It's hard to put everything in such a short video. Thanks for the video
@Netpicks15 жыл бұрын
Thanks Dom. For sure, these videos need to be a feature length film to cover in greater detail. Hopefully it is just the right amount to get people to do the work
@spiritofeli5 жыл бұрын
Nice video. When I first started trading I only used line charts and I had no idea how to use indicators. Now I feel like I cannot trade without them. As a scalper the Stochastic Oscillator is very important to me but like you said it works better when paired with the main chart (especially the candle stick). At first I used 5 indicators but now I narrowed it down to three.