Did you enter a buy trade where you have that double horizontal arrows? If yes, I will ask why did you buy at that point?normannasty wrote: Wed Mar 11, 2020 1:06 am What I'm doing wrong? I entered at the red point. Its goes in the opposite side.
It is a down trend and both M5 and M15 stochastic are overbought at that point, so I will be selling to rejoin the downtrend instead of buying. Multi-time frame analysis will keep you out of trouble while using this system.
The safest place to buy is few candles after red dot. At that point H1 stochastic has gone into the oversold zone and M1, M5, M15 and M30 are either out or started coming out of the oversold zone also.