As far as indicators go, I can't stand stochastics as they most unreliable of all my testing. And since I rather take profit than give it all back or reverse cause of divergences, that the way I would go. I have expectation that on a divergence that lines will cross on bar I enter on with 2 tick breakout of lowest high looking to go long. However if you don't want to trade counter trend, you should be taking profit as that will work much more times to your favor that now.
What most losing traders don't realize they only think profits, I trade in being able to control risk and controlling risk leads to profits. So each tick up or down and TIME has a value so either getting to target and trade going against trade the risk of not getting target risk reduces and when price going towards target risk expands. I know it sounds opposite of what everyone says, but it how I view it. So when price getting near to target the amount I am risking is expanding and target shrinking.
Here is a different way I look at trading, I don't believe in until trade is closed out do I realize profits, I realize them on each tick, total you see move on each tick is real money. So if you are targeting 5.00 points and your risking 5.00 points, at some point thru testing, you have to lock in one tick, cause every tick in your favor, you are risking more money, so when price is within one tick, you could be risking 9.75 points.
