Disliked{quote} Iddd Based on what you have posted. H1 - TDI green cross red up, stoch confirm direction D1 - TDI and Stoch confirm direction. See how many false H1 crossover the D1 TDI has canceled out. Look at the GBP/USD you posted: - Long term trend is up. - That entry is placed on the short term trend. - Few bars left a small Resistance. - W1 is in a strong uptrend (not part of TMS H1 stoch is already approaching OB.) I would put a trailer stop on that trade it is not going down far. {image}Ignored
So you end up trading against the trend just to make some pips at all or you need to monitor a dozens of other markets at the same time.
OR you need a win ratio of almost 100% and never ever hit a few losing trades in a row.
The GU trade is currently 40 Pips in profit by the way. So i would say this is already a lot to expect from a M15/H1 trade. So even if this is a trade against the trend you are almost FORCED to take this trade because if you look to the left such moves are rare to find. So how long to you want to wait and watch your charts for the month to end up in some pips profit if there are simply not enough entry setups respecting all rules.
Sure if you donīt have any goals or pressure to make money here this is easy to compensate but what if not?...