Quote:
Originally Posted by MasterPlan
Are these trades vaild trades or not? Im I looking at this right?
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The object of the exercise is to place the odds as firmly in your favor as possible, yeah?
What you should be seeking is a Grade A low risk, high return opportunity!
Therefore, using the set-up criteria (inside bar + extreme stochs reading), you should be waiting until both these triggers are signalling an entry.
It would maybe increase the odds of success if you also executed your trade in the direction of a prevailing trend?
I guess James would confirm those trades as valid? but look at where the stochs were resting when those inside bars printed.
Certainly the 1st example was dodgy. The stochs appear to be crossing over midway up the extreme banding, around the 50 level?
The 2nd example looked ok as far as the 2 set-up criteria is concerned...and again, the 3rd might be considered borderline?
At the end of the day, it's your decision & your money.
You'll quickly learn that patience & discipline are very handy traits to possess in this business. Sure, you'll receive many set-up triggers across a typical trading session, but a good many of them will turn out to be 50/50 opps.
Waiting until all the criteria clearly comes together, before laying your money down will increase your odds of success over the long term!
huh
))) but i wish you good trading.. and everyone else ....
))))
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