I've found that like any indicator it's some combination of
art and science. What I'm seeing is that you clearly only want to
take the trade if there's a good candle set up, and Matt's
has made a point of saying that -- but I'm noticing
that fairly often you get a false cross followed not long
thereafter by a "real" cross, often with divergence in the
indicator. Happened here in the Qs. So far it has produced a decent
small trade in QLD, but mainly I'm posting it because of the
"double-cross" (best with divergence) being one I'm now watching
for. When there's a clean enough candle set up, then I just take
the initial cross. Like I said, some art, some science :-)
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Working with Matt's Sto set up
Posted by puma on 22nd of Apr 2016 at 03:09 pm
I've found that like any indicator it's some combination of art and science. What I'm seeing is that you clearly only want to take the trade if there's a good candle set up, and Matt's has made a point of saying that -- but I'm noticing that fairly often you get a false cross followed not long thereafter by a "real" cross, often with divergence in the indicator. Happened here in the Qs. So far it has produced a decent small trade in QLD, but mainly I'm posting it because of the "double-cross" (best with divergence) being one I'm now watching for. When there's a clean enough candle set up, then I just take the initial cross. Like I said, some art, some science :-)