not the best setup but its a 1h chart and its a bit longer term and with the right combination it could be a nice 30 pips or so for trading at an odd time.
not the best setup because:
20 and 50 are close together but with a bit of space which is good
time of day its late.
good setup because
20 and 50 are trending up nicely
the 100 is above 80 which is a really good confirmation that trend is up
enter at the stochastics cross or during consolidation or a break of that consolidation
this trade would have gotten more than 30 pips so say stop is 30 pips aim for 30 or 40. the best setups have a high hit rate. the time of day will be an issue but since its longer time frames then its not much of a problem
ill post another setup next.
not the best setup because:
20 and 50 are close together but with a bit of space which is good
time of day its late.
good setup because
20 and 50 are trending up nicely
the 100 is above 80 which is a really good confirmation that trend is up
enter at the stochastics cross or during consolidation or a break of that consolidation
this trade would have gotten more than 30 pips so say stop is 30 pips aim for 30 or 40. the best setups have a high hit rate. the time of day will be an issue but since its longer time frames then its not much of a problem
ill post another setup next.
Attached Image