Dislikedsometimes not good entrance to 15m being instead good to 1h and on the contrary. true being?
thanksIgnored
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The sexy stochastic indicator 19 replies
Dislikedsometimes not good entrance to 15m being instead good to 1h and on the contrary. true being?
thanksIgnored
Dislikedtzachi
each time frame has different stops
u cant use a 15-20 pip stop on a 1h gbpusd trade
but u should easily be able to on a 15 min trade
just because the 1h isnt showing a signal doesnt mean the 15 min is a bad signal. basically look at it this way, the more confirmation u have the better
so if u have a trade on the 15 min chart to go long and the 1h is pointing up or the price has been moving up nicely then it would be a good signal
if u see the 1h pointing down and the 15 min just gave u a signal to buy then it would obviously be a bad trade or one u should avoid. **edited
u dont need the 1h to look exactly the same as a 15 min chart to take the trade but at least make sure its not the opposite. does that make sense?
dont confuse urself with timeframes and confirmations. if ur worried just start with 1 timeframe and only take the best trades. alot of trades i have taken i never bothered to look at a different timeframe because the setup was just so good. if it fails it fails and it can happen all the timeIgnored
DislikedHello again,
I've been away and couldn't post. I made some updates. Please test. I hope this time it will re-open a trade when it has closed the prevoius by itself or by the user (god make it work). Also it'll make a screenshot of the trade in the files folder so you can post it here and we can analyze. Download the template and unzip in the terminal folder. Then just restart the terminal and lay the template on the chart you want. Good luck.
P.S. You can change the lots from inputs.Ignored
DislikedI played a little bit today and created this little indicator that show all situation in a single view about the buy/sell signal that this method is giving on different Stoch for multiple timeframe from M5 to H1.
Stoch5 means Stochastic(5,3,3), Stoch20 means Stochastic(20,10,20) and Stoch50 means Stochastic(50,10,20).
If arrow is pointing up (green) then is a buy signal otherwise if it's pointing down (red) is a sell. The more arrow of the same direction/color we get the more the signal is stronger.
Anyway discretional is still to be used , since the trader should check for the single timeframe to see where the various stoch are.
http://img78.imageshack.us/img78/614/gbpusdm5rn8.jpg
In attachment you can find also sexy stochastic template shown in the above picture.
Hope it could be helpfull
Cheers,
SkylineIgnored
Dislikeddid anyone hear that natasha bedingfield song? its somethin like "i wanna have ur babies get serious like crazy"
i like it its a catchy tune but the chick seems a bit wacko to me like shes not all there in the brain department but it could be some kind of new fab that is even beyond me lol
so yep i decided i will not be doing school this summer and trading full time. its time to make some serious $$$. i promised my mom and dad a nice vacation for just the 2 of em wherever they decide. silly goal if u think about it but it would mean alot to them.Ignored
Dislikeddid anyone hear that natasha bedingfield song? its somethin like "i wanna have ur babies get serious like crazy"
i like it its a catchy tune but the chick seems a bit wacko to me like shes not all there in the brain department but it could be some kind of new fab that is even beyond me lol
so yep i decided i will not be doing school this summer and trading full time. its time to make some serious $$$. i promised my mom and dad a nice vacation for just the 2 of em wherever they decide. silly goal if u think about it but it would mean alot to them.Ignored