Albeit I'm a newbie, I've noticed a correlation between a couple of very simple, standard indicators. It will tell me when to enter a trade and when to exit. I'd like to know what you think. If you can poke holes in it, then by all means do. I'm not saying its a "Holy Grail" but to me it seems like a good plan to stick by. There are times when it seems to fail. But it seems to me, more often than not, it works in my favor. Also, it seems more beneficiary to use a 15 minute window or greater in order to profit the best. I suppose you could zoom down to a 5 or 1 minute window in order to get a better idea on where to exit or enter. But for simplicity's sake, we'll stick with the 15 minute chart.
So here is the first screenshot. Can you tell me why I've chosen my entry and exit points based on these simple indicators? The arrows are buy/sell and the "X's" are close. I'm using pivot points, ADX, Stochs, and RSI. You'll have to contemplate what the green circles are for.
http://i90.photobucket.com/albums/k2.../awesome3a.gif
So here is the first screenshot. Can you tell me why I've chosen my entry and exit points based on these simple indicators? The arrows are buy/sell and the "X's" are close. I'm using pivot points, ADX, Stochs, and RSI. You'll have to contemplate what the green circles are for.
http://i90.photobucket.com/albums/k2.../awesome3a.gif