regarding your recent post on the SPUD MTF STOCHASTIC SYSTEM:
Entry for a long:
The 4H stoch crosses from below 20 to above 20. The 4H must close above 20.
Prior to that or at the exact same time you should have confirmation from the 15/30/1H of doing the same. More relevant is that there are no smaller time frames below 20 and there should be at least 2 smaller time frames above 30 when entering on the 4H.
That is your entry
my question is how can you enter on a smaller time frame than the 4H - is it possible to enter on the 5 or 15 min chart using this same system? I'm sure I'm missing something really simple and I apologize in advance for my confusion. thanks alot for sharing your wonderful systems and terrific teaching that has helped so many.
Best entry in a smaller time frame will be when that small time frame (on a long) crosses 20 or just has prior to the 4H indication. Your exit on the long will be when a time frame (15/30/1H/4H) hits 80 (long). You can enter on any time frame after the 4H signal (in the direction of the 4H move).
The smaller time frames will hit the exit target more often but you make less pips than the longer time frame exits....you can pick any time frame to exit on.
Better exit strategy is to follow the stochs and being able to read them..it takes practice but will get you better exits.