[Chippy]

Originally Posted by cybernick »

Thanks! What are your Stoch & RSI settings?

slow stochastics, 13,2,2,1 8 low and 92 high extreme

rsi normal settings length 14, oversold 5, overbought 95

When they both agree its best to go in. You can trade just off the stoch if you want. However, only trade in the trend direction..that is what I do. If it's an up day, only buy on low extremes. I use the open price of the market for general trend direction (after the first hour of trading I see where its trending...above or below the open, and that is my set direction). I also use other indicators to tell me whether its an up trend or down trend...but I paid for those off someone lol People can generally find their own ways of finding direction...it's really personal preference on indicators to use.

But whatever you do, make sure you have a set plan and set rules...and always follow them! I go for 5 tick stop 5 tick target every time, and I have a 60% win rate with all my rules. Provides a little income each month, but I am not aiming to be a billionaire in 1 year either Biggest thing is setting up your own plan I think. If you have any questions about more specifics you can pm me