Advanced system #3 (Neat entry: RSI + Full Stochastic)

Realy it is a great website here especially for daily chart trading
i advice all to aviod noise

Hi.
Yes, you can use a Slow Stochastic and it should work just fine here, but not the Fast one.

Regards,
Edward.

Can I use slow Stochastic with settings 6, 3, 3. Coz i have only two options for Stochastic (Fast and Slow), I don't have full stochastic. What should i do? Can I use slow or Fast instead of full, if yes then which is best Fast or Slow.

The revealed strategies are simply good especially for a new comer in FX like myself. Great work guys.

Firstly, I would like to congrats everyone who have contributed for this website. This is amazing. It has all the answers for my question as a newbie trader. Excellent stragies which are only available in costly books are now revealed. Thumps up for everyone. Good luck trading!.

I would not recommend doing so. May be on the current GBP/USD chart it looks OK, but if you, for example, take another currency pair the picture would change... Take a look at EUR/USD pair I've just marked those trading "opportunities".

However, I would not insist that your theory is wrong. According to the first illustration it might be a profitable trading. I would suggest studying GBP/USD pair to see how much you can rely on such signals you've mentioned.

My main concept though was that we are choosing to trade with the trend and thus we only buying in an uptrend and selling during a downtrend...

thank you and good luck!
Edward.

Hello u told us when the price is above 150 SMA = uptrend
RSI Must plunge below 20 & Stochastic lines below 30
We should enter long

ok the quesion is
if the price is above 150 SMA = uptrend and RSI Must above 80 & Stochastic lines above 70 .... Can we go short

Yes, you probably can. I would suggest though running a test: watching both: daily and 4 hour chart for awhile and compare results. ...Well, and may be later you can tell us about the results in your next comment. Cheers, Edward.

Good Day Edward Can i use these indicator in 4Hours chart

RSI and Stochastic indicators can be found on almost any trading platform. The red highlighting we've added to our illustration is not a part of those indicators but rather a visual aid for readers.

So, you would open your charts and:
1. Add study - RSI with settings 3, 80, 20.
2. Add study - Full Stochastic with settings 6, 3, 3.
Horizontal lines can be added afterwards.

Hope this helps,
Edward.

could u advice me, how to setting that indicator...?.. 10q an advance...