You can use 50 line as entry point,when 15M cross 50 line and the other stoch are in right place you enter
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DislikedPippo
when trading elasticity it is better when 15M go to overbought/oversold area and than cross 80/20 line to join the other stochastics which are at the other side together,but that happen rarely,more common pattern is that 15M alone or together with 30M is not going so far away from 4H/1H,so your entry point is when it cross 50line to join 1H/4H.If you look at my post you will see many example of mine trading in this way aiming for 5-15 pips.
If you read Spud he explain how to get 10 pips a day on g/J trading elasticity
So I repeat what he sugested:
We trade into the stochastic trend always.The trend is set by the 4Hand the 1H stochastic position.The 4H is above 76.4.The 1H is a bit more fickle depending on your patience.I like it upnear 76.4 and or above 76.4 but nothing wrong if it is rising and above 50 either.this is a feel thing but the higher it is and if it is rising so much the safer you will be.In other words we want 1H to be turning back to the 4 H or up with the 4H.The 30M is our trade signal.Whenever it rises below 50 or below 76.4and crosses either upwards we are in a long trade so long as our 4H and 1H are where they should be.you could easily trade the 15M and use the 1H and 30M or 4H and 1H or even the 4H 1H and 30M to trade "into".This is basically momentu, trading.Ignored
DislikedHi Charlies. A good trade. A brave trade. But when you took the trade the M30 and H1 were above 80? When you say lower time frames wre you looking at lower than M15? How much did the 1 hour pin bar influence you? Were you also looking at RSI's, eg daily and H4? Sorry for all the questions.Ignored