Dislikedbased on your chart the euro is not a sell yet the 4 hr is not lined up with dailyIgnored
Okay : you are right - but we are in news time now- a little rule change
News in the long run - 9 out of 10 times has no long term effect on the market
- only interst rate stuff does- really
so what I do is I take the 4 hour stoch back to before the news
wait 15-30mins & look to go the way the market was before the news
esp if the news pushs the price the wrong way it is great
-- the stochs tell me where price really should be?!
so I buy when the day & 30 min & the stoch from before the news all line up!
does that make sence?
But you have to get a feel for it - it not part of the system proper - a side line