@Jerome32, Where did I mention arrows, I was strictly trading the Stochastic… (See Below)
AUDJPY… 85+ pips in the last 6 days… it just works… nice and simple…
Similar attitude, different indicator. but the arrow can extend indefinitely
whereas stochastic at worst recalculates during the period of the current
bar which is hardly repainting.
There could be some mileage in this
When price is trending, Stochastic confluent with an engulfing pattern.
Seemed to work on H1.
I was short on D1 and got out for a small loss. price never really
went up or down, just consolidation
As you can see on second screenshot, DiNapoli Stochastic
indicated Long but nothing happened
There has to be supporting price action, This is no magic
indicator. Obviously I wish it was
I have no idea of direction now on D1
I think I need the simplest strategy only, I have never
found complexity to be profitable in trading
Hi @Jerome32, As I have showed you in a previous post… your periods are far too tight… you still have uptrends showing in Red… Not sure how you got the Stochastic Indicator to display so erratically…
Your Chart looks like you’re trying to generate a scalping signal… this is a setup for failure…
AUDCAD Daily Chart
DiNapoli Stochastic 6, 3, 2, same settings I showed you here (2 weeks ago) so, no curve fitting here…
Combined with a Colour MA over the Signal Line.
I have also allowed for any lag by moving the change of direction forward 1 day as confirmation.
Similar discussion about using the DiNapoli (MT4) on the D1 with @frandlost on this thread…
I have no affinity to the DiNapoli Indicator … it just works… nice and simple…
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If I had checked DiNapoli on AUDCAD I would not have gone Long
The standard Stochastic with a 6 3 2 setting works very well
as confirmation to Price Action, specifically engulfing pattern
out and in of BB
However DiNapoli is very good at filtering out false signals
They also work very well in combination when confluent with
Price Action
I am watching two at the moment. EURGBP an engulfing
pattern is forming at top of BB
If Stochastic crosses DiNapoli on D1 it will be a very strong SELL
signal. Otherwise it may continue up for a bit longer.
On GBPAUD I am hoping for a bounce off Weekly Trendline and
if we get a convincing Engulfing pattern and cross of Stochastic over
DiNapoli* it should be a good BUY signal
sorry to sound like a signal service
*I am aware that DiNapoli is a Stochastic indicator, but it is
configured differently to the standard Stochastic, and even
when both are set to 6 3 2 they can give very conflicting
indications. However, when used in combination
AND price action, you have a very powerful signal
Not everyone will agree with this, no two traders see the
charts in the same way
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Where did you get the dinapoli stochastic indicator, and how do you get it to work? I found a version for mt5, but it doesn’t seem to do anything…
Very insightful! The rule of thumb is approximately 30/70! Well done and keep up the good work in this era of “Information Asymmetry”!
You don’t get it to work exactly, just put it on your chart.
I use settings of 6 3 2 but whatever works best for you
TWB is the Dinapoli man
StochasticDiNapoli_v1.ex4 (10.4 KB)
Thank you NA.
Asymmetric information, also known as “information failure,” occurs when one party to an economic transaction possesses greater material knowledge than the other party
Isn’t that what I’ve always said 
Finally!
I think I’m finally getting my act together!
I mentioned above about trading in wrong direction
without DiNapoli on AUDCAD
I closed the Short trade for a modest loss and have gone Long
Just look at how Price Action syncs so perfectly with
Stoch and DiNapoli, and note how we have hit prior Support on
Weekly plus ADX showing decisive end of downtrend. Cheers DP,
when it works well its gold dust!
This screenshot is a work of art. it should be hung in the Louvre
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Not at all, I suggested it to you because it would improve your results over the standard Stochastic…
BTW… You’re welcome…
I develop (code) sharper tools than the DiNapoli for my trading… Just not fit for public consumption.
Cheers
Plenty of Stoch crosses at the moment, not interested in them per se
concentrating on PA, Weekly Support and Resistance and Trendlines,
and Engulfing Patterns as per my very first post
but Stoch crosses are a powerful confirmation when everything
else is in place
Wos about WOS?
Not forgotten about WOS. Here we see 223 pips of WOS
to next area of Resistance
We are at a significant level of Support, not the very strongest
but again, the ADX exhaustion is very compelling!
When I see the beauty of the ADX sharp downturn, and the Stoch cross
sharp upturn screaming out Reversal, I’m inclined to rent out an entire Wing
of the Louvre
The more observant may have noticed my blind spot
on EURGBP above
I just closed this trade. Obviously we need a break of Trendline
That can be the problem with getting fixated on one thing and missing
the obvious in the process
We have our break of Trendline plus Bearish cross
of ADX
The danger is that it is so compelling you begin to
believe you cannot fail
You absolutely can!
but note the prior Bullish cross of ADX for a 500 pip
move, and now a converse bearish cross at weekly
resistance its hard not to be optimistic
Are you on psychedelics or something???
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Thanks, I’m on MT5, so this doesn’t work for me unfortunately. I did find a version of the indicator on there, but it doesn’t work right, or actually do anything at all.