You need to read the tutorial first before this post. Here is the tutorial :
This is an example of how to apply the concepts I explained in the oscillators tutorials.
I have numbered the text boxes so that you read them in the correct sequence. Start from the left hand side and move along the chart. In this example we have applied some basic concepts like support and resistance and candlestick patterns as an additional tools to the oscillators. It is always important to use more tools to support your view (but not too many).
Also it's always important to put things in context of the the price action. Whether it is trending up or down or sideways. In addition, remember to look at the bigger picture, as an uptrend on the daily chart , might be merely an upwave in a sideways market on the weekly or monthly chart.
Thank you very much for your time. I have studied your charts carefully and used it the last few days watching Bitcoin. Is it me or does this not work on Bitcoin?? There are times when the price clearly should go down (looking at low volume, Bollinger band, Oscill and shooting stars, hangmen ect.) But the price just keeps going up and up and up.?? The last dip had heartly any bulltrap and now volume at all. And again the price just keeps rising. Is this normal behavior or at we just seeing the last of the Gold run of 1980.? In your opinion.
mike4theike
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@postforsberg, NO.YOU CANT TRY THESE OLD TESTED METHODS ON BTC ,,,,whilst bitcoin is in hyper-inflationary trends...
goldbug1
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@postforsberg, He is not correct, you can use them it's how you use them. Forex is slower than a slug on an incline, BTC and cryptos trade faster than speed racer. You have to modify and tweak your indicators accordingly. But the only thing that matters in the end is the TREND!!! Spot the trend you'll make money!
southsiderealtrade
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Really Thank you.
Hashimato
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Thank You so muc
djpaco
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Thank you very much!
HAIYOU
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thank u so much very clear explaination.....
adia
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Hi Tech awesome info .how about a video or a webinar .thanks .
jaythetrader69
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appreciate your knowledge! what oscillator and settings do you recommend for smaller time frames? 1m and 5m. I'm currently testing everything from stoch, stoch rsi, rsi, rvgi etc. any input and advice is much appreciated!
Technician
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@jaythetrader69, never traded very short time frames. Sorry. I lowest i go is 1 hour.