Hi Guys,
To all the ppl using the mtf stoch indicator succesfully, I would really appreciate your response to my dilema.
As an eg, on the 5m tf, you have the 15m, 30m, 1h, and 4h stochs. Now, at 10.05, the above stochs are all pointing down, showing an agreemen trade and are showing you where they will be when their respective times finish, ie the 15m in 10 mins, 30m in 25mins etc. You get the idea. But that is just an indication, and if price was to spike up and keep going up, come 10.15, the 15m could finish up pointing up way past the 5m stoch. Hope I have explained myself clearly. Now, when you look back at the chart, and if you mark an entry there, you would be told that the 15m stoch was pointing up, so it would not have been a valid entry, but you know that at the time it was a valid entry.
This is my dilema. Any suggestions and help would be most helpful.
Regards,
K.
To all the ppl using the mtf stoch indicator succesfully, I would really appreciate your response to my dilema.
As an eg, on the 5m tf, you have the 15m, 30m, 1h, and 4h stochs. Now, at 10.05, the above stochs are all pointing down, showing an agreemen trade and are showing you where they will be when their respective times finish, ie the 15m in 10 mins, 30m in 25mins etc. You get the idea. But that is just an indication, and if price was to spike up and keep going up, come 10.15, the 15m could finish up pointing up way past the 5m stoch. Hope I have explained myself clearly. Now, when you look back at the chart, and if you mark an entry there, you would be told that the 15m stoch was pointing up, so it would not have been a valid entry, but you know that at the time it was a valid entry.
This is my dilema. Any suggestions and help would be most helpful.
Regards,
K.