Dear St Sir,
I am new in trading and read this thread 2 days ago. Yesterday I tried to apply this stochastic system on 5 Min TF. I short HDFC @rs.669 on stochastic flip from overbought area to neutral area but had to take a loss of 6-7 points. Was my entry wrong? Or this was exception? Kindly give guidance to me. I think I did not follow the candles high/ low closing rules thoroughly. If you have some free time Plz explain the rules in simple language which can be understood by the beginner like me.
Thanks in advance
I am new in trading and read this thread 2 days ago. Yesterday I tried to apply this stochastic system on 5 Min TF. I short HDFC @rs.669 on stochastic flip from overbought area to neutral area but had to take a loss of 6-7 points. Was my entry wrong? Or this was exception? Kindly give guidance to me. I think I did not follow the candles high/ low closing rules thoroughly. If you have some free time Plz explain the rules in simple language which can be understood by the beginner like me.
Thanks in advance
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