A simple long-term T/F Stochastic Trick You Will Only Learn Here
Cast your minds back to the end of 2015 guys. I know you probably have no recall on the Gold-price.
So let me tell you how the Gold price was behaving at the end of 2015.
For several years prior (approximately) 2012-2015 the Gold Price was trending down to a support level around December 2015.
Now, take a look at the 3 MONTH-Chart for XAU USD. What do you see when looking at the 2nd bottom of chart indicator the Stochastics. Scan from left to right from 2007 to 2024. How many times does it get over-sold under the crucial 20 level. Do you get my drift?
Just prior to December 2015 the Stochastic on the 3M chart crossed-down below the 20 level. But it would've been pressing-down-hard at the floor so you would not be buying yet.
But now, look what happens to price around December 2015 when the 3-MONTH-STOCHASTIC INDICATOR crosses up the Green-20 line. You are correct, price starts to rally-hard.
Forget the so-called gurus selling the b.s. indicators guys. Stochastics and especially on the Higher-Time-Frame is the "KING" of all indicators. It's only let-down is that it does tend to give you a road-map of when to exit your trade. That road-map can be achieved tracking the MACD, which incidentally, the MACD got you into a trade here in Gold not long after the Stochastic crossed-up the 20, there was a Bullish cross-up of the MACD lines. The lower under the zero line this MACD cross occurs. Following the MACD and RSI can actually create a road-map like you are driving a car and trying to avoid an interest, I might explain this another time.
But again, nobody will teach you this trading secret on the Highertimeframes, you will only learn it from the 100% free subscription service delivered by me here at easy_explosive_trades. Just imagine buying 1 lot in XAU USD and capitalising on that 138% move. I have not done the maths.
These are the big trades I look for on the highertimeframes. I started investing and trading during the GFC in 2008 but in 2015 I did not know about this very insider high-time-frame trick using the number 1 indicator, the King-Stochastics, it get you into trades on HTF with needle point accuracy.
Nobody showed me this trick. I work these things out myself. I wanted to share it with you. As I am proud to have you part of my channel.
Cheers,
Chris
easy_explosive_trader
* Trading is risky. Don't rely solely on my investment advice.
Monday's trades: We are bidding up the Silver price & Palladium. Both of these and especially Palladium are bullish on the HTF.
Hey..... forget these gurus with their 72 day moving averages & 171 day moving averages. You make money sticking to the basics in trading.
Finally, I encourage you to, if you take my trades, to always risk no more than 0.25% to 0.50%. I endeavour always to give you fantastic RR not this 1:1 crap that the expensive subscriptions in Gold and Currency's charge. I make enough money trading, I don't need to make money out of you.
