Good going Ankit .
Friends, I have a few suggestions that you can consider:
1. If you are trading in Futures, try to enter with atleast 2 lots, so that you can sell one lot during the 5min Stoch Crossover in the Overbought/OverSold region. And hold the other one with tight-trailing-stop-loss. This helps getting more juice .
2. I am of the feeling that during an uptrend when the EMA has not crossed-over and only the 5-min Stoch which has crossed over in the overbought zone and has come down to the neutral zone, we should look to re-enter when the 5min stoch again crossovers in the neutral zone.
3. It's risky to enter into a trade when the 5min Stoch is in/verynear Oversold/Overbought region. This is a wonderful method, I hope we can wait .
4. You may reconsider verifying with the higher timeframe stoch, in this case 30 min stoch. I feel we can omit this. Maybe i will change my view on this when I see that majority of the trades taken when the 5min and 30min Stoch disagree, fail.
Regards,
-Sri
Friends, I have a few suggestions that you can consider:
1. If you are trading in Futures, try to enter with atleast 2 lots, so that you can sell one lot during the 5min Stoch Crossover in the Overbought/OverSold region. And hold the other one with tight-trailing-stop-loss. This helps getting more juice .
2. I am of the feeling that during an uptrend when the EMA has not crossed-over and only the 5-min Stoch which has crossed over in the overbought zone and has come down to the neutral zone, we should look to re-enter when the 5min stoch again crossovers in the neutral zone.
3. It's risky to enter into a trade when the 5min Stoch is in/verynear Oversold/Overbought region. This is a wonderful method, I hope we can wait .
4. You may reconsider verifying with the higher timeframe stoch, in this case 30 min stoch. I feel we can omit this. Maybe i will change my view on this when I see that majority of the trades taken when the 5min and 30min Stoch disagree, fail.
Regards,
-Sri
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