[1pipatatime]

Good post trading diva,

Now you have dealt with the fixing conversation, what have you replaced it with?

Will contribute more after the weekend as I'm off to Sydney until Monday so trade well everyone.

Cheers

1pipatatime

[trading diva]

Another good question. I am concentrating on what I want, that's it! I liked something shared from your Friday night conversation with Shona, which really resonates with me and is so much in line with what I've come to myself. Just get on with it. If you said you would do it (I would do it), then just do it and be your word. I think we spend way too much time analyzing the past, which is such a great way to look for excuses for not doing what we said we would do and I have been guilty of that too. So like I said, I am concentrating on what I want and following Nike's by line - Just Do It!

[CashedUpBogan]

Hi Guys, I'm having lots of difficulty with picking a good stoch cross from a bad one, I'm getting lots of false starts as I call them. It goes like this: Assuming I'm looking for a long trade and looking at the 1,3+5 charts I wait for all stoch's to go below -40, red rsi below 10, black rsi below 30 the wait for a stoch cross on the 1, if the 3min stoch has crossed up and the price has crossed the ma13's on the 1 I enter. Now here is the problem, with some reliability the price recrosses the ma's and the stoch goes back down = losing trade.
Is there something I'm missing? Is there something else I can check to add strength to an entry?

[itspossible]

What is the 15min 30min and 1 hour doing when you take the trade? In particular the stocks, 13's and red RSI...

[CashedUpBogan]

I'm interested in where to find the support for a trade on the lower level charts after having determined my trade direction from the upper level charts using the indicators you mentioned.

[CashedUpBogan]

I think I have the trend worked out, just can't put it all together and get some results.

[allyscan]

Hi cashed up bogan

In what direction are the 13's on the 5 minute chart heading when you enter a trade. Trading against these can be dangerous!!

[trading diva]

For my two cents worth, as they say: If you waited for all those elements to line up, you would only get about one trade a week! A slight exaggeration I know, but there is no perfect trade and by the time you got all these things to line up, the trade would be gone.

You've made no mention of checking the 15 min red RSI. What direction is it heading in, nor the MA 13s on any of the charts, other than the 1 min.

Also, to get into the trade quicker, when the 3 min stoch has crossed and confirmed, enter the trade when the price hits the black MA on the 1 min. If you wait until the MA 13s cross and price opens on the other side, a whole lot of action has already passed.

In general, if all the indicators have been high, start looking for short trades and of course the reverse is the case. Sometimes the indicators will stay in the extreme for quite some time, while the trade continues on. In this case, either wait it out, or look for a re-entry (price touching the black MA on the 1 min). If looking for re-entries don't necessarily expect a great number of pips.