I used to trade Div/Conv setups many years ago using the stochastic indicator. I learned from one on one tutoring from Mr. George Lane, whom many consider to be the authority on Stochastics. Over time, I've come to realize that the indicator you use isn't that important. What is important, is keeping your losses small, and try to make about 3 times the amount you're risking. So, if you're risking 4 ticks, try to capture 12 ticks. I don't trade this method anymore, because many times you'll find yourself trading against the trend, which I don't feel comfortable doing. Also, one last warning... seeing setups in hindsight, and seeing them in real time are two totally different worlds. In other words, it's a very subjective method. If you're just starting out, you'll probably be better off just fading breakouts, which is what you'll soon realize you're basically doing anyway, just minus an oscillator. Hope this helps and good luck!