How to trade with an oscillator

[poortrader]

@ seniors,please comment and suggest improvements

 

[choudri]

:clap:Thanks and regards sir Learned useful points. :clapping:

 

[murthyavr]

@ seniors,please comment and suggest improvements

1. "Buy Supported by TF and ST" - What is TF?

2. It helps to plot %K also, because the crossover between %D and %K will
give the confirmation wherever required.

3. Around the same time the divergence is observed by you, if you look at the
lows of the %K line, there has been bullish divergence, confirmed by the crossover
between %K and %D. And it gave about 50 points after the crossover!

4. Data: In my charts, %D has not gone to OB zone after 2:00 pm, as pointed
out in your chart. I don't know whether my data is correct or your data is
correct, but the thing to be remembered is the data what we have may not
be correct also at times!

It's good that you are taking various parameters into consideration, for taking
a signal. I hope such approach will be more beneficial in the long run, though
hitting stop losses at times is not avoidable.. !!

Keep posting.. If you want to include features other than Stoch, you may
post in ST's other thread 'Thoughts on Day/Swing trading'

 

[poortrader]

1. "Buy Supported by TF and ST" - What is TF?

2. It helps to plot %K also, because the crossover between %D and %K will
give the confirmation wherever required.

3. Around the same time the divergence is observed by you, if you look at the
lows of the %K line, there has been bullish divergence, confirmed by the crossover
between %K and %D. And it gave about 50 points after the crossover!

4. Data: In my charts, %D has not gone to OB zone after 2:00 pm, as pointed
out in your chart. I don't know whether my data is correct or your data is
correct, but the thing to be remembered is the data what we have may not
be correct also at times!

It's good that you are taking various parameters into consideration, for taking
a signal. I hope such approach will be more beneficial in the long run, though
hitting stop losses at times is not avoidable.. !!

Keep posting.. If you want to include features other than Stoch, you may
post in ST's other thread 'Thoughts on Day/Swing trading'

1) TF is the indicator of bullishness / bearishness on time frame as indicated by this system NMA, i think it is based on Heikin Ashi
2) can u please post the image where u got the bullish divergence, it will be lot more helpful
3) plz note this chart is for spot nifty, you might be using futures data so image different, plz revert back

 

[ashwani chadha]

@ A Chadha & seniors
sir r u using this technique, as a senior plz guide us newbies for improvements for example yeserday i found it difficult to get signals based on price action and stoch, can u please give your views with a chart if possible
regards

if you will go through the thread of dear smart trade from the very first post,you will get lot of very use full information,which will help you to improve your leval as a trader very fast
being a position trader i just use a three bar system these days
first bar at 3 o clock second at 8 o clock and third at 11.30
i take my decision at these three time only
except this i give triger as per support or resistance if required
if this information is of some use to you i will be obliged(i just trade in commodities not in stocks)
thanks

 

[poortrader]

@ ST and Seniors
1. Can Trix be applied to intraday trading like the stochastic
2. If yes, the important points regarding its use, OB/OS areas, etc
3. Any posts for better understanding this concept

thanx

 

[rangarajan]

I have tried to compile important aspects of this thread in a pdf file, it can be downloaded from the file factory link
http://www.filefactory dot com/file/cebcddf/n/Stochastic_Summary.pdf

replace dot with .

Dear Poor(rich already,
Can u pl tell me the steps to download this pdf file from this site.
I donot find any download button in the site.
Is it only for paid members

 

[Smart_trade]

@ ST and Seniors
1. Can Trix be applied to intraday trading like the stochastic
2. If yes, the important points regarding its use, OB/OS areas, etc
3. Any posts for better understanding this concept

thanx

I have tried Trix indicator on hourly charts for swing trading ( holding positions from 2-8 days ) and it works very well. But not tried it for intraday trading.

Smart_trade

 

[prst]

I have tried Trix indicator on hourly charts for swing trading ( holding positions from 2-8 days ) and it works very well. But not tried it for intraday trading.

Smart_trade

Dada,

I have a query here, about TRIX.
when i plotted it, along with a MACD right below it (both with default settings), they looked exactly similar and gave identical signals. (obviously, since TRIX is derived from moving averages and smoothed)

is there any advantage of using one over the other?
or can we do away with them and use EMAs as a trend measuring indicator?

thanks
Prashanth

 

[poortrader]

I have tried Trix indicator on hourly charts for swing trading ( holding positions from 2-8 days ) and it works very well. But not tried it for intraday trading.

Smart_trade

Dear ST
it would be very nice of you if you could point out some observations and important points to keep in mind while trading with trix in your swing trading method
Regards