A stochastic oscillator is a momentum indicator.
Trading Strategy:
✔ Recognise the trend:
👉 In a trendy market only open position in the direction of trend.
👉In a range market you can use both buy and sell signals.
✔ Upper band and lower band indicating different things in different market conditions:
👉In a trendy market upper and lower bands show the momentum...
In this video I go over a type of spread trade that I do on a regular basis. This type of trading is popular with hedge funds and is very powerful type of trade to have in your trading toolbox.