Hi there ! I am glade to be here. I am a new learner and would like to ask for some advice of using Stochastics indicators by focusing on divergence. I found divergence on 4H and find entry on 15mn chart. Most of the time it goes in the wrong way before I’m coming back to what I have enter. For example like minus 30 or 50 pips before going back to my TP. So I should focus on trading time like EU market or US market open ? Or it is just wrong way of using divergence. Thanks for advice
I personally would never use an indicator to give an entry signal, not reliable enough.
Indicators are good for confirming a target market - judging the market’s sentiment and therefore helping compare and quantify the strengths of several different potential target markets but price is the most reliable trigger.
Thanks so much for clarification and explanation. So you mean that price action is more reliable for entry ?
Yes, definitely.