Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
In above posted chart I used stoch as trigger when other indicators in up trend.
Green arrow shows when Stoch chg color but step ma not in 2 trades if StepMA does not chg color on close of entry bar OR price bar change color to oppsite then get out
I follow trend, white dotted line in upper chart and 11R trend chart
Thanks for sharing your chart and explaining it. I was waiting for both stoch & stepma and as a result I was getting in too late and getting stopped out. I think your approach of entering on stoch crossover and then exiting if it doesn't confirm makes a lot of sense. I'm going to try it.
The other challenge I'm having is knowing when to move up the stop loss and when to take profits. price often pulls back and I get out only to watch price move up 10-20 ticks without me. If you have any tips on that please let me know.
From what I see the majority of times the stoch crosses 50 in the opposite direction of the step ma. The step ma then turns down 1 or 2 bars later.
My concern with taking these trades is that if the step ma doesn't turn down then it's a failed trade. It seems like it'd be better to wait for the step ma to turn down. But by then you might have missed 3-5 ticks.
Any ideas?
EDIT: After studying the charts posted here and my own, I think I misunderstood the approach. In Tzachi's examples the trades are only taken if the step is already the right color for the stoch crossover. This eliminates a lot of bad trades and leaves a lot of good ones. Am I on the right track?
sorry to be so slow but I'd like to figure out how this works. Thanks for your patience.
