Step by Step...
Here is a live trade.. where things went wrong and how I still made profit..
picture by picture (short trade)
Pic 1.) 5M stochastic is in oversold range..
2.) now 1M is also oversold and making lower highs, looks like a reverse
3.) on 10 seconds stochastic is over 50.. so I'm trailing the lows with a Sell order
4.) my sell order is filled.. waiting for 3 pips profit...
5. the 10 Sec stochastic is turning up.. and price is making higher highs I close the trade for 1.8 pips profit...
6. you can see I avoided the pull back...
7. I'm not lying heres the proof .. sell order 1.36040 close trade 1.6022
made 1.8 pips.. thats how I exit.. I would now take the next short trade setup if everything still meets the criteria from step one...
but I am posting to forum so I missed the trade (although the 5M and 1M turned up so there was not much of a short trade left
hope this helps...
Here is a live trade.. where things went wrong and how I still made profit..
picture by picture (short trade)
Pic 1.) 5M stochastic is in oversold range..
2.) now 1M is also oversold and making lower highs, looks like a reverse
3.) on 10 seconds stochastic is over 50.. so I'm trailing the lows with a Sell order
4.) my sell order is filled.. waiting for 3 pips profit...
5. the 10 Sec stochastic is turning up.. and price is making higher highs I close the trade for 1.8 pips profit...
6. you can see I avoided the pull back...
7. I'm not lying heres the proof .. sell order 1.36040 close trade 1.6022
made 1.8 pips.. thats how I exit.. I would now take the next short trade setup if everything still meets the criteria from step one...
but I am posting to forum so I missed the trade (although the 5M and 1M turned up so there was not much of a short trade left
hope this helps...