Hello all,
I'm attaching another good setup. Here the long term trend is up as per the H4 stochastic. And all 3 LTF stoastics are headed back up together. So am I understanding that all 3 LTF stochs must be aligned to have a high probability of success? It certainly seems that way.
Here the LTF stochs never really went oversold but headed back up together. So how far down should they go before you would consider it a valid setup.
I didn't get in this trade as I was in a meeeting, but would have taken it. Made a 50 pip move before it really showed any sign of slowing.
Also, are there any other high probability patterns that should be traded.
Thanks,
CanuckCT
I'm attaching another good setup. Here the long term trend is up as per the H4 stochastic. And all 3 LTF stoastics are headed back up together. So am I understanding that all 3 LTF stochs must be aligned to have a high probability of success? It certainly seems that way.
Here the LTF stochs never really went oversold but headed back up together. So how far down should they go before you would consider it a valid setup.
I didn't get in this trade as I was in a meeeting, but would have taken it. Made a 50 pip move before it really showed any sign of slowing.
Also, are there any other high probability patterns that should be traded.
Thanks,
CanuckCT