So today I was paper trading the Emini Dow. I just trade with the stochastic studies which indicate overbought and oversold levels. I have been only scalping 3-4 points but have noticed on the 5 minute chart that the swings from OB or OS can be 25 points plus. Obviously since the market has been on a down trend I learned to trade with the trend. So far after each consolidation a new lower low would be formed by like 30+ points.
While viewing the stochastic on the 10 minute or even the 30min chart that gave me the best predictability outcome with an easy 20point trade(forgot to add that I followed this route today and made a fast 20 point trade and then an hour later another 14 points). I would like to hear your guys opinions or thoughts to my thoughts, should I add some more studies, ex fibonacci, or just keep observing?
tl;dr put out a contract for whatever direction the trend is going for 20 points?
Submitted August 18, 2017 at 05:15PM by SecretP http://ift.tt/2xcv6JI
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