FOREX Stochastic StrategyLearn how to use the Stochastic indicator to improve your trading resultsCreated by George Lane in the late 50's the Stochastic Oscillator, much like the Relative Strength Index, attempts to the determine the probability of of a trend continuation by evaluating the difference between a past price and the current price. Signals are given when the two lines on the Stochastic scale cross each other. With some practice a trader can use this technical tool to foreshadow reversals, identify bullish and bearish conditions and determine whether the market is oversold or overbought. We searched a long time to find a video that gives a good overview of how this indicator works. The video below does a good job of this. Remember that technical indicators can be applied to almost any traded instrument like stocks, FOREX, commodities and so on.
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