Tuesday, March 17, 2009


You might have noticed, that my charts have a Stochastic indicator on them. In trending markets I look for pullbacks on the trend to enter with the trend, seen as a sling on the Stochastic Indictor.

Today I added a second indicator, as sometimes I have that dumb urge to jump into a market. We all know that feeling: Hey, that's a great move, it has legs, and again...I missed it!

Depending on the day, I sometimes just click and enter the trade. Usually when the market stalls and reverses, leaving me pondering the stupidity of my trade.

So I added an overbought, oversold marker. If %D of Sto81 + Sto27 + Sto5 is >280 or <20 a marker is shown, reminding me of the danger to open a trade with the trend in this timeframe.

See the red lines above the stochastic indicator.


newtonlinchen said...


What software do you use? (Your charts)?


Globetrader said...

Hi newton,
I'm using Ensign Software. www.ensignsoftware.com
Best regards,


newtonlinchen said...


I found your charts to be very beautiful, friendly to look at!

Best regards and trading,