Financial Freedom HQ
Good Evening Gentlemen:
Here's a setup write up along with how to look at it...
Stochastic Setup
Theme of setup: Works well when buying a pullback in strong uptrend
Setup Type: Indicator
Context: Weekly uptrend
Trend or countertrend: Trend
Setup parameters (requirements): Stochastic line(s) below oversold level
Stop location: 1% below 5 Bar Low
Entry Trigger: Stochastic line crosses above oversold mark (or crosses above its moving average if both are below oversold)
Entry: Limit order at high of candle on day Stochastic closes above oversold mark
Stop Placement: Enter hard stop at indicated level
Target Placement: Hard Target at 3* Trade Risk (Trade Risk = Entry-Stop Loss)
Trade management: N/A
Trade Exit: At Stop or Target level only
Reentry Parameters: N/A
Journal and Grade: Complete at end of trade
Weekly | 
