This is my view regarding Stox in order of importance (this is the case on both your red lines/entries):
1) I like the Stox to have been OB/OS (above 80/below 20) to at least show some potential exhaustion of buying/selling pressure in the previous move.
2) I then like my Stox to be pointing the right way (UP in your cases)
3) Only then do I look at the Stox level: I'll be more cautious if we approach or are already around 20/80 but that won't necessary put me off a trade; as we can see in your examples, the Stox can remain...
Thanks Oli......I wasn't going to go over the same old ground yet again......I get a bit sick of repeating myself, especially when links are provided in Post #1 that explains this, with charts
It worked ok but were you not worried at the time about DP only 6 pips away and WP 16 pips away?
if the risk is small for you, and you see confluence of factors, go for it, I say.
