follow up to my post above, both stochs on my screen are now up?
does this make this trade now invalid?
does this make this trade now invalid?
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DislikedJohn (jmw1970) recently posted a chart for a scalp trade. His Ultra Stochastic Color 30 min indicator is something with which I am not familiar, so I have no idea why he is using that instead of the Kevinator indicator. He is however, a generous contributor to this thread and may enlighten us as to his reasoning.
I hope this helps.
DiIgnored
DislikedAJ1 and duffy, thank you both for your comments, helping alot, i understand the eur usd potential trade that might be coming, so regarding that trade would you short on close of a down rf bar or would you sell as soon as the down rf bar appears during that 5 min period? many thanks for your help
as of typing the eur usd has reached the top of the tma, now waiting upon downwards rf bar as stochs signalling short. so only other thing i need to know is the above wait for close or sell as soon as bar goes down on rfIgnored
Dislikedfollow up to my post above, both stochs on my screen are now up?
does this make this trade now invalid?Ignored
DislikedKenny I always wait for one of the stochs to be onside when in the trade.
As Duffy pointed out for the scalp trade 1hr has be onside and for the MOM 4hr.
Right now short EUR/JPY from 115.34 SL 115.50Ignored
Dislikedthats pretty much the entry i got
what you aiming for as im out for about 10 or 11 pips
im also currently +16 pips on a eur usd short, with the 4hr stochs stepped down, where should i be aiming for, or what should i look for to exit?Ignored
DislikedDeankenny21 / AJ1
a gentle reminder, this is a live trading thread, when posting trades show a screenshot shortly after you have opened (but make sure you do the important things like set SL before!!) so people can see what you are seeing, different brokers/different timeframes can give marked differences.
for instance the EU short you just mentioned didn't even show up on my charts as a possibility for a trade.
This is how people learn to trade this method effectively.
In addition, should you be unlucky and the trade goes against you, other...Ignored
Dislikedsorry i will try to post as i trade in future, sometimes copying pasting chart uploading etc when u enter a trade while your trying to moniter is hard for me lol
Ignored
Dislikedtrade looks good
regarding the cut/copy/paste thing, there is a script on the thread (look at the paperclip) which you can add as a hotkey and will do all this automatically for you.
then takes less than a second to get a picture of your screen saved to your harddrive which then you can upload at leisureIgnored
DislikedDeankenny21 / AJ1
a gentle reminder, this is a live trading thread, when posting trades show a screenshot shortly after you have opened (but make sure you do the important things like set SL before!!) so people can see what you are seeing, different brokers/different timeframes can give marked differences.
for instance the EU short you just mentioned didn't even show up on my charts as a possibility for a trade.
This is how people learn to trade this method effectively.
In addition, should you be unlucky and the trade goes against you, other...Ignored
Dislikedi have also just entered long on cable
am i doing it wrong?
1hr stoch is up
rf bar has closed on up, i opened on open of next candle
so 1hr stoch being up i should be looking for quick small pips
anything im doing wrong here?Ignored
Dislikedtrade looks good
one thing that is not mentioned is also to check not only the pa at the target line, but I also find it helpful to check at the mid line. sometimes it just wont go to the upper/lower lineIgnored
Dislikedcable trade i posted a min ago closed for +7.9 pips woooooo
i hope i followed rules on that one, im not sure when to exit, so i just exited that one in and around the middle tma lineIgnored
Dislikedah i see, so kind of aiming for the opposite tma line, while watching for PA around the middle line too.
So let me just clarify, if 1hr stoch is up does that mean should really be aiming for less pips, if only 4hr is in correct direction should we be looking for more of a push, and if both in right direction we should be hoping for larger pips?Ignored