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One min chart with 21 Stochastic |
Rahulsharmaat Black Belt
Joined: 04 Nov 2009 Posts: 2766
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Post: #1 Posted: Sat Jul 23, 2011 2:11 pm Post subject: One min chart with 21 Stochastic |
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Use One min candles with 21 Stochastic
Important rule is entries are done in 1st hR of trade only. After open wait for the both Stochastic lines to go extreme [ 80 or 20 ] and then cross. Enter as fast as possible after cross , ignore all other signal by stochastic after first hour.
Trial Stop using swing pattern.Look for the pattern of higher low , or , if you are short , look for the pattern of lower high.
make it more Reliable with using 30 min Stochastic with 14 period, if 30 min %K is above %D, u will use the 1 min stochastic for buy signal
From Charles Lebeau day trading system |
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Rahulsharmaat Black Belt
Joined: 04 Nov 2009 Posts: 2766
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Post: #2 Posted: Sat Jul 23, 2011 2:27 pm Post subject: |
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on 12th --entry at 5567-- went to 5592---
on 13th --- Short 5580-- went to 5562
on 14th --- Long 5555--- went to 5660-- but seems exit was at 5590
on 15th ---5593 long -- then sl hit
on 18th ---5575 short-- sl 5590 Approx
on 19th - long 5568-- went to 5592
on 20th-- short 5648
on 21st-- Long 5548-- went to 5586
on 22nd--short at 5585 sl hit |
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SwingTrader Site Admin
Joined: 11 Aug 2006 Posts: 2903 Location: Hyderabad, India
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Post: #3 Posted: Sat Jul 23, 2011 9:10 pm Post subject: |
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Solanki,
Your posts were deleted as they were not relevant to the topic in which you posted. If you wish to explain something about those charts, please start a new topic and explain. _________________ Srikanth Kurdukar
@SwingTrader |
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manass White Belt
Joined: 21 Sep 2009 Posts: 172
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Post: #4 Posted: Sun Jul 24, 2011 12:35 am Post subject: Re: One min chart with 21 Stochastic |
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Rahulsharmaat wrote: | Use One min candles with 21 Stochastic
Important rule is entries are done in 1st hR of trade only. After open wait for the both Stochastic lines to go extreme [ 80 or 20 ] and then cross. Enter as fast as possible after cross , ignore all other signal by stochastic after first hour.
Trial Stop using swing pattern.Look for the pattern of higher low , or , if you are short , look for the pattern of lower high.
make it more Reliable with using 30 min Stochastic with 14 period, if 30 min %K is above %D, u will use the 1 min stochastic for buy signal
From Charles Lebeau day trading system |
Yes, most of the time I use Veeu direction, but rest use this method at JChart & Live Premium predefined setup @1 minute, @ 3 minutes, @ 5minutes,@60 minutes.
But I don't know how to set up with 21 Stochastic & STOCHASTIC with 14 period.
Please help on this set up.
Regards |
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Rahulsharmaat Black Belt
Joined: 04 Nov 2009 Posts: 2766
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Post: #5 Posted: Mon Jul 25, 2011 10:45 am Post subject: |
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Today this System gave indication of buy at 5625-- Bought n booked in 25 points |
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