DOW at the close - really happy this system works superbly well after calling it a no trade day in previous post.
The screen grab below shows the close at 42571.85 and the price this morning in the previous screen grab was 42594.34.
I believe it is as important to know when to trade the trend as well as when not to trade.
TEAMTRADER

Friday - last day for trading.
The stochastics has broken through the trapline on the 4hr chart and the 30m chart has just turned 'up' so checks made on the 5m chart with traps on stochs to confirm direction to trade safely again. The wait for a profit.
TEAMTRADER

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?

hey teamtrader i would like to ask what setting u will use for 5m chart on your stoch indicators both the balck arrows version and and stand alone version ?

Piphunterss wrote: Sat Jan 11, 2025 6:51 am hey teamtrader i would like to ask what setting u will use for 5m chart on your stoch indicators both the balck arrows version and and stand alone version ?

The stochs setting is 21-4-4,
The arrows on the chart are from the stochs indi in post 4 with the stochs standalone posted in post 8.
The thickness of the arrows I have changed for the upper time frame plus 1 whilst the thinner arrows are from the upper timeframe.
TEAMTRADER