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Excellent post, and very well done for getting over 400 pips last week. The fact you managed to get them and keep them says it all.
Like your charts as well. You are so correct in saying that it is best to wait for the best setup, ie with both stochs moving in tandem. And in the 1M chart, it happens more than just once.
Last night I was watching the 1M charts with rav and alpha, and noticed rad's osc seemed to give better signals than the stochs.
Also with regards the MTF stochs, I find them very hard to use live. They seem to be excellent looking back, but when live, the little line that shows where the eg 15M stoch is on a 1M chart, it can easily change from being up to down by the time it closes. The only way I can think about using it is to play the retrace of the lower tf, and then when it turns over to go back towards the lower tf, entering then.
Can anyone tell me why the stoch (in the yellow circle) sometimes lags....on the chart below you will see that it is behind by about 6 price bars....Other times it keeps up with the present bar.
I have been looking at Goldenequity's trading method and I'm posting some charts (thanks Alpha) for your consideration and hopefully input...no indicators other than Goldenequity's mas.
So, what I notice that seems to happen fairly frequently and seems to result in high probability trades, is that the mas cross over the top of the price in a bunch, close together. This is usually accompanied by an alert candle.
As the trade progresses, a safe exit seems to be when the price crosses the pink. Have a look, see what you think.
I'm looking for a way to anticipate this and would appreciate any thoughts you might have.
I can't trade without 2 moniters.
Have tried but I do not get enough information to make trade decisions.
I won't trade without being able to view this setup in real time.
Thank you so much for sharing your screen shots. It will give us a better insight into what you are seeing when taking your trades.
But the one thing that nearly threw me off my seat was the buy/sell buttoms you have on your scree. Surely, you are not trading on a platform that has such high spreads on gbp/jpy. 7 pips on gj and 4 pips on ej. For the lot size you are trading, surely that can't be right. Am I missing something??
Regards,
K.
My broker spread for GJ is 6 pip and EJ is 3 pip spread. Don't be surprise that many brokers has a large spread. You need to be aware of your broker reliability, stability, and good reviews. I don't think anyone would want to deal with a broker which may be gone one day with your funds.