friday finally, page-15

winki
I use the oscillators as a second level information only.

I entered short on chartpattern and I want my indicators only to confirm my chartpatterns.

For example, if you look at the July H&S setup on the daily, however, stochastics was very much in the oversold area so I didn't like it and it turned out to rally up, but it could have easily continued to the downside too.

Might miss out on a good trade, but hey, there are so many more where the probabilities according to my system are much higher. I like the stoch at least in neutral (above 20 below 80)when I enter a position based on chart pattern.

Now as my exit I use Jake's 8oc as this would be a longer term trade for me if it breaks through the support.

Hope that helps...if not I am happy to clarify ok?