Trading Made Simple(r)

thank you sir, thank you for the system!!

Hi RH,
Thank you for the confirmation!
May I ask you a question about the MTF boxes in the RSOR window? Do you believe we must wait for the green m15 / m30 when trading the m5 tf?
It happens sometimes but I dont have enough data yet.

Before I answer you, please clarify exactly what you mean by: MTF boxes in the RSOR window?

Stochastic 34/3/3 on M5, M15, M30, H1, D1, W1, MN.

1. Green = value > 70
2. Red = value < 30
3. Gray = value 30–70

Ahhhh, NOW I understand. I stopped using that indicator (RH_RSO_MTF), but for reasons that I don't remember.

You said: May I ask you a question about the MTF boxes in the RSOR window? Do you believe we must wait for the green m15 / m30 when trading the m5 tf?

When trading the 5 min. (day trading), I always "glance" at the higher time frames because, ideally, I would rather trade in the same direction as them if/when possible, BUT since the lowest time frame (in this case the 5 min.) turns before the higher time frames do, I am MOST interested in doing what the 5 min. tells me to do.

So to answer your question...Yes, ideally...but do I always only trade in the direction of the higher time frames? No, but, this is based on my lengthy day trading experiences of 30+ years, and because I have lots of other tools in my tool box to help to tell me when to break the rules. Such as: Time of day, day of the week, volume, pre-scheduled news, FOMC, VWAP, what other stocks are doing within the same sector, etc., etc., etc.