Dislikedsir thanks for your reply! just one question,if i trade in M1 which timeframe's correlation should i watch?M1 or M5 or bigger?by the way i lost 72pips in eurusd and usd cad,and -21.9 is in which timeframe?Ignored
If you are trading the 1-min. time frame, the Stochastic 1.6b indicator should also be 1-min. If you are trading the 5-min. time frame, the Stochastic 1.6b indicator should be on the 5-min. time frame. (The 5-min. seems to be working the best for me)
I will say this once again because I have seen this lead to huge losses, watch out for major news releases and/or major trend lines being broken.