20151005 Forex 101 Oceansky Periscope Part 6 - Stochastics | Forex
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Forex 101 Oceansky Periscope Realoceansky @oceannsky #teamoceansky #limitlessmafia forex
Comments
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Hey Fabian, thank you for posting Reza's periscopes! I've watched them multiple times and have half a notebook full of notes already; I just found out about him and Forex a few weeks ago so I am not able to get into mentortips yet (huge waiting list!). Do you have any information or other legitimate sources where I could learn from until I get in??? just trying to learn and prepare as much as possible
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|Stochastics Oscillator |
|Technical momentum indicators |
|%K= 100 {[C-L14] / [H14-L14]} |
|-Identify reversals |
|-Range from 0-100 |
|-Above 80 overbought |
|-Below 20 oversold |
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Formula makes no sense to me
This is to learn that If the instrument is been over bought or over sold
HOW do you become rich in forex ?
BUY when it reaches the level of support
SELL when reaches the level of resistance
Formula explaining
Momentum of price action creates stochastics oscillator
chart
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Then there are
FIBIANCHIES level ,fix lines , fix points on chart
Fix technical indicators
SOCASTICS lines
Below chart
\
\ / \ /\
\/ \ / \ /\ __________
\/ \ / \ /
K line \/ \/
D line
Cross happens , decide to sell or buy
C = the most recent closing price -- session
L14 = Low of the last 14 previous sessions
H14 = High of the last 14 previous sessions
%D = 3 period moving average of %K
K = red
D = blue
Chart
100 Over bought
0 Over sold
Over ….. = Run out of steam
WHAT will happen if over happened ?
It will reverse
If the price is moving up to a specific point and then down and again and again ………..
Wait for 2 major things before you sell
99% better then any other guy
A
K line cross over ,wait for a cross over
B
Price is coming to a resistance and going back
SOCASTIC INDICATOR signs
20%
80%
***********notes will be updated as I watch afgain and lern better ***********