Disliked1. Forget the 5 Minute chart
2. Forget about stochastics indicators. If price goes down even more
they will just keep hanging around at the bottom. They are of no help in
trending markets. And if markets are not trending you can not make money.
3. From the open price has fallen 170 Pips. Why should it start going up hundrets of pips right now? You are trying to stop a freight train which will crush you.
If it continues to test 1.3174 for an hour you will go absolutely mental.Ignored
2. what indicator should i use then? any suggestions?
3. yes, i aware of that, but i was just looking for a small retracement, like 30 pips or so...
4. thx
5. got my stop... oh well...
Money management is good for your health...