Waiting for the opening - havoc in the markets BUT, before opening, direction is UP so far but unlikely to stay that way but only time will tell. Staying out for now.
TEAMTRADER,

And the 1m chart with indicator S&R traps
TEAMTRADER

Another major profit missed ...........
If you are not there at the time it is always too late.
TEAMTRADER

That is better.
Knowing the direction makes it easy for scalps - even after the major move.
+99
TEAMTRADER

Really happy with this stochastics trap check - really happy.
TEAMTRADER

TEAMTRADER wrote: Tue Feb 04, 2025 3:20 am That is better.
Knowing the direction makes it easy for scalps - even after the major move.
+99
TEAMTRADER

Some big winning setups you have man 99 pips ain't no joke......

Waiting for the opening - very mixed signals indicating to me that there could be some volatility.
Daily chart = The divergence shows the good move up into a current position where the upper two indi's are in the over 80 area (normally associated with up-trends) but check out the 4hr first.
4hr chart = checking specifically the lowest indi and that has hit the oversold area - so hoping for an upmove - but check the 1hr chart first
1hr chart = lower indi shows overbought so this is in conflict with the 4hr chart - therefore check the 30m chart.
30m chart = the middle and lower indis show S&R traps are intact so waiting for the open to see which of traps remain intact to decide which way to trade.
Waiting is the necessity to avoid unnecessay losses.
TEAMTRADER

What can I say - I missed it - because I was not there.
I did all the preparatory work and got sidetracked.
TEAMTRADER

Probably nearing the end of this test of Mr Tools adaptation of stochastic to show the obos area on cahrt.
I chose the bottom of the Dow via the indicators and the first illustration was the entry at 44249.
The 2nd illustration was my own take on proving I was in the right trade.
Then I did what I would never do normally - I left the trade going and went out for dinner.
The third illustrtion is when I returned and was my final exit and closed at 44391.
Profit of 142 - but not being there could have been costly.
Luck or a good system?
This system is working - thanks again to Mr Tools - apreciate your skills.
TEAMTRADER

I think this is too obvious to all but I will post the illustration of supports (in white) on the various stochastic indicators made by Mr Tools.
This is becoming a system that will give confidence to all who use it.
TEAMTRADER