This method I have traded for a long time...actually this thread was started because I saw someone trading oscillators in wrong way.....no trading school etc...just shared some of my experiences in this thread so that the beginners in trading will shorten their learning curve...
Remember that oscillators are tools for sideways markets and they work best in non trending markets....for trending markets you may not get good trades and you have to use trend following methods once market starts trending an whatever timeframe you trade.
Best wishes for your success with this method and also trading overall...
Smart_trade
Remember that oscillators are tools for sideways markets and they work best in non trending markets....for trending markets you may not get good trades and you have to use trend following methods once market starts trending an whatever timeframe you trade.
Best wishes for your success with this method and also trading overall...
Smart_trade
You have done in this thread's few pages so far what many may not accomplish in 100s. Yes, I agree with GSAM's observation. This thread does have a sanctity of a proper classroom. Although, as you know, I am a totally canteen rat but I always feel honoured when I get to share some of my meagre trading knowledge in this classroom of yours. I hope it will continue with more of wise gems from your experience.
BTW, the way I see the market, your oscillators' method will have more time among trading tools in coming times because markets are becoming so volatile by the day that sideways movements are going to be norm and trends, exceptions. Bad for postional traders and investors, but good for daytraders.
Just my thoughts.