High probability set-ups have a certain look to them
Attached Image
Intraday price action trend trading
- #10,367
- Mar 23, 2015 4:04am Mar 23, 2015 4:04am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Stopped out ,,, Can anyone expalin wat goes wrong and stopped out 2 times ,, plz explain {image}
Money moves the market, not an indicator.
- #10,370
- Mar 26, 2015 1:08pm Mar 26, 2015 1:08pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
This is my opinion for entries .
Btw, if you use stochastic for exit, then use it for entries too . You can exit when the red line break above upper line (that is , above 80) or when it touch . For more finished retracements , chose 50% 61% and 78.6% fibonacci retracements. They are more common that 38% and a lot of traders join the market at these levels
Btw, if you use stochastic for exit, then use it for entries too . You can exit when the red line break above upper line (that is , above 80) or when it touch . For more finished retracements , chose 50% 61% and 78.6% fibonacci retracements. They are more common that 38% and a lot of traders join the market at these levels
Money moves the market, not an indicator.
This is my opinion for entries . Btw, if you use stochastic for exit, then use it for entries too . You can exit when the red line break above upper line (that is , above 80) or when it touch . For more finished retracements , chose 50% 61% and 78.6% fibonacci retracements. They are more common that 38% and a lot of traders join the market at these levels {image}
- #10,372
- Mar 27, 2015 1:30am Mar 27, 2015 1:30am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
