The trading plan that I have been designing based on SMC was amazingly beautful in terms of its mechanics. Yet, it had a terrible Win/Loss ratio.
Because I loved its mechanics, I didn't want to drop it all together, and was looking for ways to enhance it. I tried to merge it with the classical school and with some Volume indicator, but things still went south.
Finally, I came by some educational material that showed me a couple of things on using Stochastic. I loved it, and this will be my addition, and what I will test in the coming week.
My plan will include the same SMC rules, and the Stochastic. I will draw the support and resistance zones and maybe trendlines.
I will be using the daily timeframe on two different sets of settings for the stochastic, one is long term and another is shorter term.
I will be coming back with my test results next week.
Because I loved its mechanics, I didn't want to drop it all together, and was looking for ways to enhance it. I tried to merge it with the classical school and with some Volume indicator, but things still went south.
Finally, I came by some educational material that showed me a couple of things on using Stochastic. I loved it, and this will be my addition, and what I will test in the coming week.
My plan will include the same SMC rules, and the Stochastic. I will draw the support and resistance zones and maybe trendlines.
I will be using the daily timeframe on two different sets of settings for the stochastic, one is long term and another is shorter term.
I will be coming back with my test results next week.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.