Quote:
Originally Posted by maurizio77
The daily cross happened on the 29th, so you would have entered at the open of the next daily candle (30th), this opened @ 231.33 and it closed @ 231.88, thats a profit of around 55 pips, although it peaked @ 232.00.
Your stop would have been 230.55. (How i come to my stop is in an earlier post  )
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I hav checked my MT chart, if you entered at the opening of the new candle, the market dipped low till 230.54!!! at first before it moved up, 1 pip to hit our stoploss...!!
:O
i think the stochastic is a good indicator for us to know when is the best time to enter instead of entering blindly at the start of the new candle... we could wait until it (stoch) changes direction by looking at the 4hr/1hr TF...
We only enter at the start of new candle if the stoch is already in the direction we desire...
Just MHO...
Thanks again maurizio77, for taking the time to answer my questions!