I will start my own thread because I don't want to burden any of the thread starters who use other indicators I no longer use. I will not get into my reasons as to why I don't use those indicators but just give you a skeleton approach which can improve your own style of trading. Stochastics, moving averages, Macd, and any other indicators are not needed. The Dash and tape was where I started and have attempted to use other systems and honestly the difficulties lies within myself as to why I could barely turn a profit. Keep it simple and not over complicate things.
I have to thank Xaphod and RJ in helping me develop a system which can be customized to your own style of trading. Xaphod provides the tools but along the way we still need a thread to put it all together. Questions, comments, and ideas are always welcomed here.
The indicators can be found on the additional genesis indicator thread developed by Xaphod. First I have set alarms when all six columns align the same color and at that time I determine if I want to enter a trade or not. Risk reward is very important. Remember the trend is always your friend. Pay attention to RN, supply and demand zones, and also pivots. Along the way I will post examples of my own trades.
Download Indicators Here:
http://www.forexfactory.com/showthre...hlight=genesis
Any technical issues can and will be asked on the xaphods thread. I am not the developer and just a trader like all of you.
Update: When placing the dash on the pair of choice make sure to input the PAIR SYMBOL into the input tab. I am experiencing error messages and it will not update properly and also turn on the alerts after customizing the time frames. Alert set 1 will be 11111 and alert set 2 will be 111111.
Stronger signals is when all time frames are the same color up to the daily . Not as strong is when up to the 4 hour agrees.
TRADE AT YOUR OWN RISK AND PLEASE TRADE DEMO UNTIL YOU FEEL COMFORTABLE
First trade 22 pips. Second trade 20 pips. Third trade 10 pips
Traded other pairs but this is just one example of a pair I traded
I have to thank Xaphod and RJ in helping me develop a system which can be customized to your own style of trading. Xaphod provides the tools but along the way we still need a thread to put it all together. Questions, comments, and ideas are always welcomed here.
The indicators can be found on the additional genesis indicator thread developed by Xaphod. First I have set alarms when all six columns align the same color and at that time I determine if I want to enter a trade or not. Risk reward is very important. Remember the trend is always your friend. Pay attention to RN, supply and demand zones, and also pivots. Along the way I will post examples of my own trades.
Download Indicators Here:
http://www.forexfactory.com/showthre...hlight=genesis
Any technical issues can and will be asked on the xaphods thread. I am not the developer and just a trader like all of you.
Update: When placing the dash on the pair of choice make sure to input the PAIR SYMBOL into the input tab. I am experiencing error messages and it will not update properly and also turn on the alerts after customizing the time frames. Alert set 1 will be 11111 and alert set 2 will be 111111.
Stronger signals is when all time frames are the same color up to the daily . Not as strong is when up to the 4 hour agrees.
TRADE AT YOUR OWN RISK AND PLEASE TRADE DEMO UNTIL YOU FEEL COMFORTABLE
First trade 22 pips. Second trade 20 pips. Third trade 10 pips
Traded other pairs but this is just one example of a pair I traded