dear seniors
Once Stochastics goes into OB zone, its effect of yesterdays and todays OS zone more than 5 candles gets nullified. now if it stays in ob for less than 5 then it qualify for short sell again na
dear seniors
Once Stochastics goes into OB zone, its effect of yesterdays and todays OS zone more than 5 candles gets nullified. now if it stays in ob for less than 5 then it qualify for short sell again na
Hello ST,
Have seen many posts in this thread Part I and part II.
You have very lucidly explained the method with lots of examples.
I hope this will improve trading of many members.
Thanks ST for starting and developing this thread.
Request to members to post their actual trading experience
based on this method.
Please mark how you would trade this chart following the qualifiers and rules....then members can correct these trades. Mark trades as trade No 1, No 2, No 3 etc so that reference becomes easy.
The stoploss is at 15th bar's high or immediate swing high.
21 ema, sell all the pivot lows if the EMA is pointing down.If EMA is pointing up, then buy all pivot highs.....an opposite pivot after your entry is your stoploss.If you combine oscillator and 21 EMA, you may get late entries....both are independent methods.