MACD + STOCHASTIC FREE Forex Trading Strategy

#MACDStrategy #StochasticStrategy #ForexStrategy

I get asked a lot about some of the most common technical indicators available to retail traders. The questions are usually in the direction of "What is the best way to use MACD" or " What is the best strategy for Stochastic indicator".

This video is dedicated to exactly those followers and I hope you will find it valuable.
So where to start from?

👉 MACD multi time frame analysis

You know that multi time frames analysis is kind of religion for me. I'm a strong believer that you should see the big/full picture before you take a step towards an entry.

Would you go on a transatlantic adventure with your boat/yacht if you knew there is bad weather coming?

Same applies to trading. Many traders completely ignore the higher time frames directions/cycles/waves and flow of money when trading on the time frame they do.

Step one - always make sure to check the higher time frames for synchronization in your desired direction. For this specific strategy we are using MACD to confirm the direction of the market on the higher time frames.

👉 Stochastic - overold\overbought

Stochastic indicator could be your best friend or worst enemy depending on how you are using it.
The way im using it in this specific strategy is to wait for synchronization between the higher time frames (which gives me the direction in which i should be trading) and then i use stochastic to spot overbought/oversold zones.

👉 Mistakes traders do with stochastic
One of the most common mistakes i see traders do with stochastic indicator is to try and catch tops and bottoms inside trending markets. This is definitely not the right approach or instrument to spot reversal on the market, especially when we are in a strong trend with a lot of momentum.

👉 Price action + indicators = best possible odds

Some traders stick to price action alone, others strongly rely on technical indicators without giving too much emphasis on the price action. I believe that both methods have their pros and cons and thus i try to get best of both worlds.

As a rule of the thumb the price action is always superior for me. Meaning that if Price Action is suggesting bullish continuation, while technical indicator is suggesting bearish continuation i'd rely or "listen" the PA rather the technical indicator (of course in reality we want to stick to setups where price action and indicators agree on the same direction).

A very simple example to illustrate the above is this. Imagine you are looking for a breakout above a given resistance level. The price breaks above but it forms bearish divergence while doing so. This is where we get out of synch between PA and technical indicators.
👉 What are my trading techniques?

I invite you to my club where you can learn them all -

https://tradersacademyclub.com

Also, you can watch the videos here and discover great forex strategies

👉 Hidden Divergence - 3 KEY TRADING TIPS
https://youtu.be/S12-fQcWFBM

👉 What Is The ULTIMATE Way To Trade Forex?
https://youtu.be/cmcW8Sh1qX8

👉 How To Trade Against The Trend - REVERSAL TRADING STRATEGY
https://youtu.be/FCl8iDqpkm0

👉 How To Trade Range Breakout With Price Action (NO INDICATORS)
https://youtu.be/6-aye2kkwpk

👉 MACD + RSI Powerful Forex Trading Strategy
https://youtu.be/0BwO81u2FR0

👉 3 Steps MACD Trading Strategy For Forex Traders
https://youtu.be/TsnzvVSwGUg

Here you can find feedback from my members –

https://www.forexpeacearmy.com/forex-reviews/7826/tradersacademyclub-reviews

You can read my daily posts and trading ideas here –

http://b.link/vladimirblog

✅ Follow Me on social media:

http://www.youtube.com/VladimirRibakov
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To your success,
Vladimir Ribakov

Видео MACD + STOCHASTIC FREE Forex Trading Strategy канала VladimirRibakov