The open - and truthfully I am LOVING the fact that the stochs original traps (see previous post of 30m chart) prepared me for a no trade as the support and resistance traps are still intact.
Back down to the 5m chart and was happy to see that the 5m support trap had held.
This is fast becoming the safest trading method I have ever used!
TEAMTRADER
PS
Continuing the watching and a close up of the 5m chart - the manually drawn traps are particularly difficult as the statistics show on hovering the cursor are so close together.
I see there is an indicator called trendline alert and have seen an auto trendline indicator both for on-chart trading. Could that indicator be adapted so it would work on stochastics?