Lesson 16

Stochastics



Lesson Details

Stochastics

Get excited because you are about to learn about the amazing oscillator called the Stochastic indicator. This is a favorite tool of many traders and one of my personal favorites. This tool can be used to confirm you trading decisions as well as pick out huge market reversals. The indicator is bound by two levels just like the Relative Strength Index (RSI) which is why it is classed as an oscillator. Get ready to learn about the amazing Stochastic technical indicator and add it to your trading arsenal to make educated trading decisions in the market!

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Fading is a technique used to?

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Stochastics is best used with?

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Stochastics is similar to what other indicators?

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If the Stochastic indicator is showing a break back above the 20 threshold from below, what is this telling you?

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When the Stochastic indicator breaks below the default 20 threshold, the currency is considered?

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If the Stochastic indicator is showing a break back below the 80 threshold from above, what is this telling you?

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When using the Stochastic oscillator, it's best in most cases to wait for the indicator to cross back over the extreme threshold.

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When the Stochastic indicator breaks above the default 80 threshold, the currency is considered?

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The Stochastic indicator can be used as a great tool to pick up on large market reversals.

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