20151005 Forex 101 Oceansky Periscope Part 6 - Stochastics

Forex 101 Oceansky Periscope Realoceansky @oceannsky #teamoceansky #limitlessmafia forex

Comments

1. this guys rich and hes using a phone to record
2. *********Summery********************
   ____________________________________
   |Stochastics Oscillator |
   |Technical momentum indicators |
   |%K= 100 {[C-L14] / [H14-L14]} |
   |-Identify reversals |
   |-Range from 0-100 |
   |-Above 80 overbought |
   |-Below 20 oversold |
   |_____________________________________|
   
   Formula makes no sense to me
   This is to learn that If the instrument is been over bought or over sold
   HOW do you become rich in forex ?
   BUY when it reaches the level of support
   SELL when reaches the level of resistance
   
   Formula explaining
   Momentum of price action creates stochastics oscillator
   
   chart
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   Then there are
   FIBIANCHIES level ,fix lines , fix points on chart
   Fix technical indicators
   
   SOCASTICS lines
   Below chart
   \
   \ / \ /\
   \/ \ / \ /\ __________
   \/ \ / \ /
   K line \/ \/
   D line
   Cross happens , decide to sell or buy
   
   C = the most recent closing price -- session
   L14 = Low of the last 14 previous sessions
   H14 = High of the last 14 previous sessions
   %D = 3 period moving average of %K
   
   K = red
   D = blue
   
   Chart
   
   100 Over bought
   0 Over sold
   Over ….. = Run out of steam
   
   WHAT will happen if over happened ?
   It will reverse
   If the price is moving up to a specific point and then down and again and again ………..
   
   Wait for 2 major things before you sell
   99% better then any other guy
   
   A
   K line cross over ,wait for a cross over
   B
   Price is coming to a resistance and going back
   
   SOCASTIC INDICATOR signs
   20%
   80%
   
   ***********notes will be updated as I watch afgain and lern better ***********
3. Hey Fabian, thank you for posting Reza's periscopes! I've watched them multiple times and have half a notebook full of notes already; I just found out about him and Forex a few weeks ago so I am not able to get into mentortips yet (huge waiting list!). Do you have any information or other legitimate sources where I could learn from until I get in??? just trying to learn and prepare as much as possible