xard777 wrote: ↑Fri Mar 13, 2020 10:26 pm
This might help with the entries on 5 min chart (should work OK on all time frames)
It is an old stochastic and normally you trade 20/80 but check out the 50 level entries.
Xard777
Hello Xard,
I understand all the entry possibilities but would you please be so kind as to advise exactly where YOU enter your trades.
Do you enter on the change of candle colour to neutral after the box/arrow or
On the change of candle and background colour or
When the candle closes above/below the daily open
I have marked these with a white triangle.
Also, please advise the trigger for the candle and background colour change - is it on a close above/below the trend MA?
Again, THANK YOU for all your help and generosity.
XARD: The first trade is always at the cross of the Trend line, subsequent trades can be earlier at the cross of the Stoch 50 level as you will have +100 Pip$ to cover any movement fluctuations. As long as you are trading with the main trend then you tend to find that all your subsequent trades pan out with the main direction.