Quote:
Originally Posted by ahefner33
Hey. haha pretty soon your going to want to be compensated for all these questions huh? 
I am going to post the revised chart so maybe everyone can see what you are talking about on the chart.
On your first entry, the stochs I noticed are in the overbought area. What made you get in when there is no cross or turn in or near the oversold area? Also your first exit, I know your agressive but why would you not exit after you seen the dip down in stochs?
Same with your 2nd entry and exit, wouldn't the stochs show that the trade was not setup. Whats the difference at say the stoch dip turn around at your 2nd exit than the dip turnaround at around 6:00 on my chart? Thanks. Hope I'm not frustrating you.
Adam |
I noticed you had an entry when the Stochastic was around 80 (see first enter). From what I read, you're looking for a sell signal when the stoch is around 80. Did you get in because the stoch was trending up and you just used the high value of the stoch to determine the profit you were thinking of taking. For example, if the stoch would've been around 20 you felt you could've got 50 pips but since the stoch was around 80 you figured maybe 20 pips. I like your approach better than a Parabolic SARs since by the time the PSar turns you've missed 20 pips.
Also, when you say enter when it moves 1-2 pips in the direction you're looking to trade. Which candle does it need to move from candle A or B?