You can learn about the green dot indicator in my prior posts. It is a daily 10.4 stochastic cross and indicated by a green dot on the price chart and the arrow on the stochastic chart below. When a stock or index ETF is in a sustained up-trend (QQQ is not) buying on the green dot signal often works for me. During a down-trend one can sometimes also get a tradable bounce. You can access at my TC2000 Club a video showing how to add the green dots to the price chart.
3 thoughts on “Once again, green dot indicator predicted bounce”
looks like a red dot useful for short trades (ie > 70 cross)
I do not find the selling/shorting an overbought stochastic signal as reliable as buying an oversold one.
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Forex Trading For Beginners