I've been thinking along this line of neglecting the daily stoch and my submission is this: I think it's better to look at the daily stoch because, the stoch gives the cycle of movement in a trend, though it does not really indicate the strenght of the trend (as does the rsi and ema), it tells us where the trend is going (likely to go) for that moment/time frame. So, if for instance the major trend is up (as may be shown by the the ema and rsi, but the stoch shows a little turnaround is eminent at that moment, then i want to suggest care should be taking when trading such for the day. Wish i can post charts to show some example but cant right now.
DislikedFor all those Mint Trades,
I have a question for those who have been trading live and demo the Mint for about two months or so. Or at least some time before and some time after the fact Harold and the group decided/agreed (my self included) to remove the Stoch indicator requirement from the daily chart to help determine the daily direction. The quesiton is what is your feedback, results, feelings about not having the stoch indicator compared to when it was applied?
I have mix feelings about it. I'm not sure if this past two weeks being very tough has any releationship to the stoch or if the markets have just been channeling too much. I also wonder if tight sideways markets make it tough to reach that 30pip per trade goal at a high 60% winnng rate and should be reducing it down to 20, 15 or 10pips or simply stay out when experiencing these sideways channels.
This is one change in the Trading Plan lately and attempting to review and pin point a few areas that may need change, improvement, or no change due to being in sideways markets.
The above is just me thinking out loud and brainstroming the recent lack of weekly target goal success and wonder what your own thoughts, opinions, or comments are and willing to add to this reflecting period.
T4LIgnored
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