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Hi Tiberius, Im new here on futures.io (formerly BMT), its good to meet you sorta,lol. I might have missed your direction on the daily chart when the candle goes red during the trading day, are you saying you would enter here? If so for how long a quick scalp or ride the wave? I suspect you would then jump to a small time frame and mange it out. I'm know little but I'm trying learn.
with this particular system, you would stick to the daily chart and manage the trade with the daily and/or weekly stochastics for a swing trade. if I take a position, I usually do it in the afternoon because the first candle of change can paint back and forth from green or red. of course the red or green, short or long, represents accumulation and distribution by institutions. you would not use a lower time frame. you would use a % stop. and you would make a commitment to trade/invest with this methodology for a year because you will have small losses along the way.
I am working on a Ninja alternative to this chart, but I have not found a Ninja stochastics indie that matches this one. I have only found a very close match on Scottrade Elite. I have looked at two dozen Ninja stoch indies and none match this simple stochastics. there has been several new stoch indies on the create thread, so I need to check them against this one.
