Hey guys.


Am a comparatively new trader and Ive been trading for nearly a year now. 1 advice that I can give my traders is that using a lot of indiors on a chart will do you absolutely no good. After I was edued about this market, I was brainwashed to believe that having several indiors can help generate the right signals. Well, it WONT! . It will do you more harm than good and you is only going to confuse in the long run. We're all human and its impossible to compute all these signals espcially on time frames. After dropping my initial funding, (Yes, I was a part of this 90 percent ) I determined that I'd only be trading nude, and that the only indior that I would use is that the stochastics.


Basically, I want to share my trading style. I'm a really conservative trader. I dont scalp and that I wait patiently for the signals at the ideal time even though it happens. For me, Ive had a poor experience with scalping and I understand that scalping is a good way to get killed in this market particularly.

My rules are simple and rigorous. 618/786/86 trendline-fibonacci convergence on the 240 minute time period using a candlestick formation. Anything is illegal. I hold my rankings until the D extension is struck and dont initiate new entry orders until it does. I've been taught that when the market retreated into the 618 levels it will go following a 1.618 D extension, along with a 1.27 D extension when it reverted into a 78.6/86 fib level.

Basically, this is how I trade.

Analysis on the 60 minute TF isn't permitted. A 60 minute TF's role is to manifest fibonacci, stochastics and 240 moment trendlines levels. I ignore the little AB swings that exist on the 60 minute time period, the little trendlines and that I only analyse 240 minute ones onto that 60 minute chart.

Traders, remember, the more elaborate the time period, the more dependable the analysis.


Basically, it's a more zoomed in version of this 240 minute chart. It is a 240 minute chart but it's the candlestick formations of this 60 minute chart, giving faster entry signals.

The Stochastics is just there to add extra confirmation. In the event the stochastics is to my favor (oversold to buy, overbrought to sell) and I get a good 618, 786, 86 trendline fibonnaci convergence then I shall go ahead and initiate a transaction.


Now this is my problem. I am attempting to put a 240 min stochastic on the 60 minute time period. My settings on the K value is 5 whereas my settings on the D value is 5 whereas my amount of periods on 3. I am trying to find a way to place the 240 minute stochastic on the 60 minute time period. If you could provide me the settings for that, I will be grateful.


NEW TRADERS REMEMBER, DO NOT OVERLOAD YOUR CHARTS WITH TOO MANY INDICATORS. PICK ONE INDICATOR THAT YOU LIKE AND STICK. There's NO BETTER OR WORSE INDICATOR. PICKING AN INDICATOR IS PICKING A GIRLFRIEND, IT DEPENDS ON YOUR PREFERENCE.


I want you all the very best in trading.


peace and prosperity.
-Chris.