Currency pair: GBP/USD
Time frame: 4 hour & 1 day
Indicators: Slow stochastic (13,5,5) on both chart and 4, 13 & 50 EMA on 4h chart
Rule of entry is: Long when 4 EMA crosses above the 50 EMA followed by crossing of 13 EMA above the 50 EMA line when Stoch lines are headed upwards and not in overbought area. Before entry, check the daily chart whether it's also giving the same signal.
Here, this is a condition where the Stoch is in overbought area....I'm facing this problem regularly.... Am I doing wrong or should I take this risk on me....
If I need to take risk here.... see... 13 EMA just crossing above the 50 EMA line.... we have to enter after closing of the current candle. See what happened entering this trade....
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| Daily chart |
MA crossover gives late signal.... how to solve it?? I think, I should continue practicing with the strategy more....
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