Castle73 wrote: Sat Oct 24, 2020 6:31 am
Thanks, RPlusT, for the great system. I can see Xard's influence on it, and it looks great.
One question, I'm not seeing how to incorporate the Stochastic indicator you've included in the system. Do you use it as a confirmation of the second dot, or does it have a signal of its own? Perhaps you use it for convergence/divergence? Which line cross triggers a signal?
Thanks in advance.
Castle
No, I don't trade dots I trade direction. If the Stoch is up and the 5m stoch is up too, the price breaks the TM and even more, it is supports further price action
, where do you wanna go? Up of course. Dot's visualize high and lows, Xard's Dots visualize highs and lows of different TFs, i.e, I can the the cycles I'm in, but that;s all. It's not the Dots that make the price turn, it's when the price hits as Supply and Demand level. That's basically all.
If the Stoch of the current TF crosses the 5m or even bounces off it to continue in the same direction, it's just another hint that price action will continue in the same direction. i.e. we can still stay in the trade.