Hi.
I have been checking out different traiding styles on shorter timeframe.
So far i havent achieved the results required to put any system live.
so my questions are:
1: how to spot a tight ranging market?
2: what are the hours where the market tend to range within a tight limit? (non trading hours)
3: What trend is the one to follow, for me it seems logical to not go against higher timeframe trends, but if you are trading 1min or 5min chart, how relevant is the 30min and 1 hour trend? is there a rule of thumb saying to use the trend in the 2 higher timeframes or something like that?
4: Doing backtests it seems like stochastics are really reliable to catch small movements, combining stochs for current timeframe and next higher timeframe, but when forward testing it is not so brilliant, any recomandations on reliable technical indicator to catch small price movements?
I have to admit my patience havent been at top, so i have to blame myself maybe more then any systems.
My questions isnt limited to those over here, but for now, those are my biggest ones.
Thanks
I have been checking out different traiding styles on shorter timeframe.
So far i havent achieved the results required to put any system live.
so my questions are:
1: how to spot a tight ranging market?
2: what are the hours where the market tend to range within a tight limit? (non trading hours)
3: What trend is the one to follow, for me it seems logical to not go against higher timeframe trends, but if you are trading 1min or 5min chart, how relevant is the 30min and 1 hour trend? is there a rule of thumb saying to use the trend in the 2 higher timeframes or something like that?
4: Doing backtests it seems like stochastics are really reliable to catch small movements, combining stochs for current timeframe and next higher timeframe, but when forward testing it is not so brilliant, any recomandations on reliable technical indicator to catch small price movements?
I have to admit my patience havent been at top, so i have to blame myself maybe more then any systems.
My questions isnt limited to those over here, but for now, those are my biggest ones.
Thanks