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DislikedHi Jeff, the first thing I notice is that had you waited for a candle to close with the stoch below 80 you would have been kept out of the first false move down and out of the second trade entirely. I'm still waffling myself on whether to wait for candles to close or not, but I like the idea of going safe, waiting for the close, and just catching a part of the move, and not all of the move.Ignored
DislikedJeff I dont trade sexy back,but I agree that trading at the time when the price move slowly is not very safe.
I try to trade from 6 am to 16 pm (GMT +1) and most off my loosing trade happened during the slow time.
I am going sleep but you can keep an aye on G/J,E/j,U/j.It looks like a nice short can happen.The 15M stoch drift apart leaving the others in overbought area.It looks very good for now.Ignored
DislikedHi Ocelot,
You may be right about waiting for candles to close. Will this stop the stoch from repainting any further? When I took this trade the candle had closed and the stoch had fallen well below 80. Of course, the chart looks different now.
Should I have waited for yet another candle close?
Thanks!Ignored
DislikedAre you using a custom stochastic indicator? A standard stochastic indicator won't repaint once a candle is closed, but I know that some of the ones that have been customized for use with spud's systems have had that problem.Ignored
DislikedIs anyone here doing 'set it and forget it' trades using any of the mtf systems? Marcin, and anyone else going for small profit targets (10 pips or so) are you monitoring your trades closely or just putting in stop loss and take profit orders and walking away?
ocelot (who is lazy)Ignored
DislikedIs anyone here doing 'set it and forget it' trades using any of the mtf systems? Marcin, and anyone else going for small profit targets (10 pips or so) are you monitoring your trades closely or just putting in stop loss and take profit orders and walking away?
ocelot (who is lazy)Ignored
DislikedOcelot,
I had my largest trade to date today when I sold GBPJPY, set my stop and walked away for two + hours. I'm trading longer time frames now and have to let the trades work a bit. I'm trading 5-3-3 on H1, H4 and daily.
Cheers,
CanuckCTIgnored