Bollinger Stochastic Divergence System part 1

Categories: Bollinger Stochastic Divergence System

I have been using this system for Daytrading, it is quite reliable, a bit complicated for beginners who is new to forex.
Let’s get straight into business, what is Stochastic?
The Stochastic indicator is a momentum indicator developed by George Lane. It is designed to indicate when the market is “overbought” or “oversold.” Lane’s premise is that […]

I have been using this system for Daytrading, it is quite reliable, a bit complicated for beginners who is new to forex. Let's get straight into business, what is Stochastic? The Stochastic indicator is a momentum indicator developed by George Lane. It is designed to indicate when the market is “overbought” or “oversold.” Lane’s premise is that when a price increases, the closing prices tend to move toward the daily highs and, conversely, when a market’s price decreases, the closing prices move toward the ... Read More

Bollinger Scalping System part 2

Categories: Bollinger Scalping System

I am still introducing some of the indicators that we are using, today let us look at Relative Strength Index or perhaps widely known as the RSI.
RSI is an indicator that falls under the category of oscillators, and it is an extremely simple indicator to use. RSI works well in range-bound forex markets, but it […]

I am still introducing some of the indicators that we are using, today let us look at Relative Strength Index or perhaps widely known as the RSI. RSI is an indicator that falls under the category of oscillators, and it is an extremely simple indicator to use. RSI works well in range-bound forex markets, but it has limited value in trending or breakout markets. RSI was created by Welles Wilder, who also created ATR, Parabolic SAR and other well-known indicators. Oscillators are chart ... Read More