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, scheduled news releases, FOMC, VWAP, what other stocks are doing within the same sector, etc., etc., etc.

not the best hour of the day to be taking any setups.

BUT, if I take any day trade I look at the previous Days and then the current day H1 candles. Then wait for the trades during the European-London sessions.

You just need to trade at the right place and time of the market.




Back-testing the last 3-years, and with a Risk:Reward 1:3,
you need to be very disciplined and follow simple rules for entries and exits.



I think it would help you get started all over again and read the first 50 pages of this thread. Read, study and take notes and with the help of charts.

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