Hello, Ive had some great success trading a stochastic oscillator strategy with multiple timeframes, the problem is that sometimes when i get my trade signal to go in ill enter and it will carry on going up a bit before storming back down.
Id like to ask the experienced traders of FF which other indicator/method (apart from price action) can be used to avoid prolonged oversold situations so we get in at a good time? I dont mind a little drawdown (up to 60-70 pips absolute max) but up to -20 to -30 would be ideal.
I look forward to reading your suggestions.
Id like to ask the experienced traders of FF which other indicator/method (apart from price action) can be used to avoid prolonged oversold situations so we get in at a good time? I dont mind a little drawdown (up to 60-70 pips absolute max) but up to -20 to -30 would be ideal.
I look forward to reading your suggestions.