It is a 1m chart and the traps I draw start from the upper and lower limits. Fulcrums, turning points is what they achieve in a safer manner.SLN wrote: Thu Jun 26, 2025 12:01 am Hi Teamtrader,
From the images looks like the trend lines are drawn quite a while apart on the stochs a few hours apart. How do you decide in between entries?Can you show some entry examples on the chart if possible please?Thank you for posting the charts.
This is not the thread to do this but I will post due to the request.
Attached is the set up for a trade - as the stochs has red overbought lines this is my sign to start a new set of resistance traps.
All turning points of the stochs are updated by new traps until a safe opportunity arises. I draw support and resistance traps using a previous fulcrum and trust the illustration makes this clear.
It is just a matter of waiting for a trap to be cut by the indicator as a first signal and then to confirm that signal with RSx.
The levels of the stochs that I have shown by colours are again great helpers in assessing direction and basically any recross of a level is an opportunity for me to draw a trap starting from the previous fulcrum.
TEAMTRADER
