The stochs made a huge difference to my trading. I don't trade exactly like you, but I do scalp the 1M gold time frame. I look at the 15 just for trend direction, then trade with the trend on the 1M waiting for divergence for trend continuation. Draw up my trendline, wait for the break off divergence, BOS and then retest and get in for a quick scalp. All I'm looking for $250-$300. Get in, get out and then go back to bed. And trading with my broker who allows 5 accounts on the 1 profile, that's all I need. I'm in and out within 10 minutes tops. Being I'm in New Zealand and trade around about 3am my time, I don't want to sit in front of the computer for hours on end. I want one trade and then done. The quad rotation settings on the Stoch took all the guess work out of when to enter. Big thanks for sharing this knowledge.
This is what i noticed on 5 min, exit the trade when new channel is breaking out when you entered a trade, so break even or small profit, or a big profit, this strategy that way giving 90% strike rate with an average rr 1.6.
Hey John, when you explain the examples of the Quad Rotations, you are only refering to the bullish setups, so when the 60 10 is oversold. Is this the more safer quad rotation or is the quad rotation in the overbought area equally reliable?
Got a good grasp on the system from the free trial thanks John so I am starting my backtesting now. To give me a gauge should I be expecting a circa 60% sr if I’m taking profit off on the first rotation above the 80 or below the 20? Cheers
The Stochastic setting is not clear to me in Tradingview. I have 3 parameters. %K length, %K Smoothing, %D Smoothing. Is it 9 3 3, 14 3 3, 40 4 4 and 60 10 10? Please help, cannot figure out. Thanks sooo much
@@SquaredIndex1 it’s not the 9-3-3 it is the 9-3 The 9-3 Stochastic is the default parameters that is pretty much standard. Specially, with the daily chart
Ooh I see so what setting do I need for a higher timeframe because I work and can’t be on the charts just want something to use on 4hr/Daily so I can hold longer and it’s for crypto
Bro, I love your approach but my god....your chart is a meme of the worst most unreadable confusing charts known to man. I think you would get more traction if you cleaned up these charts that look like a child wrote on them in crayon. Love you though. I was in your group chat back in 2009. You're why I'm trading now.
The stochs made a huge difference to my trading. I don't trade exactly like you, but I do scalp the 1M gold time frame. I look at the 15 just for trend direction, then trade with the trend on the 1M waiting for divergence for trend continuation. Draw up my trendline, wait for the break off divergence, BOS and then retest and get in for a quick scalp. All I'm looking for $250-$300. Get in, get out and then go back to bed. And trading with my broker who allows 5 accounts on the 1 profile, that's all I need. I'm in and out within 10 minutes tops. Being I'm in New Zealand and trade around about 3am my time, I don't want to sit in front of the computer for hours on end. I want one trade and then done.
The quad rotation settings on the Stoch took all the guess work out of when to enter. Big thanks for sharing this knowledge.
Hey ,if u dont mind. Can u rephrase what you said here in simple steps to follow. Thanks
This is what i noticed on 5 min, exit the trade when new channel is breaking out when you entered a trade, so break even or small profit, or a big profit, this strategy that way giving 90% strike rate with an average rr 1.6.
Huge fan on 5 Minute
Huge tip thanks
Thank you for this and all your educational efforts. This is really helping my trading.
Hey John, when you explain the examples of the Quad Rotations, you are only refering to the bullish setups, so when the 60 10 is oversold. Is this the more safer quad rotation or is the quad rotation in the overbought area equally reliable?
Got a good grasp on the system from the free trial thanks John so I am starting my backtesting now. To give me a gauge should I be expecting a circa 60% sr if I’m taking profit off on the first rotation above the 80 or below the 20? Cheers
Great video John
I’m am inclined to trade nq over es in the past. Do you find the system performs better with es?
The Stochastic setting is not clear to me in Tradingview. I have 3 parameters. %K length, %K Smoothing, %D Smoothing. Is it 9 3 3, 14 3 3, 40 4 4 and 60 10 10? Please help, cannot figure out. Thanks sooo much
In your settings Just keep third setting 1 in every set
If I want to trade the 4hrs or daily which Stochastic should I use the 9,3,3 or 60,10?
@@SquaredIndex1 it’s not the 9-3-3 it is the 9-3 The 9-3 Stochastic is the default parameters that is pretty much standard. Specially, with the daily chart
Ooh I see so what setting do I need for a higher timeframe because I work and can’t be on the charts just want something to use on 4hr/Daily so I can hold longer and it’s for crypto
@@SquaredIndex1the same settings on any time frame will work
Bro, I love your approach but my god....your chart is a meme of the worst most unreadable confusing charts known to man. I think you would get more traction if you cleaned up these charts that look like a child wrote on them in crayon. Love you though. I was in your group chat back in 2009. You're why I'm trading now.