Welcome! Dear Traders,you are reading my forex trading experiences. Forex trading is a very profitable and very risky business opportunity. If you are a beginner, calm down,have a cup of coffee, and convince yourself that you need to study hard to win in forex trading. Obviously, the task is not easy as the statistics claim that only 5% traders win in forex trading. If you are determined, serious,and hard working, you can surely be included in the group of winners.

HOW TO TRADE FOREX WITH CHANDE'S QSTICK

Tushar Chande developed this technical indicator that helps to identify the market trend. This technical indicator has upward and downward histograms spread from the zero line. The forex trading signals are found with the peaks, troughs, and zero line crossings.
Source:metatrader4.com
Trading with Chande's Qstick depends on the following points:
  • A buy signal is found when the downward histograms make a peak or when the downward histograms gradually becoming shorter and crossing the zero line.
  • A sell signal is found when the upward histograms make a peak or when the upward histograms gradually becoming shorter and crossing the zero line. 
  • A strong sell signal is found when the upward histograms reach zero line, growing shorter with the increase of price
  • A strong buy signal is found when the downward histograms reach zero line, growing shorter with the decrease of price
Additionally, some traders also trade with the divergence and convergence with this technical indicator.

Dear traders, if you have any other trading technique with this technical indicator, please share with us in the comment section below. You can ask me any question on twitter @albab247.

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