"ElePhAnTastic" Strategy
Here we go folks
This easy strategy based on two indicators: RSX and Pivots. I love both very much. Actually i am not a developer of this one, i just had realize: This system perfect fits my style of trading.
This strategy is based on Phanti`s thread Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound. Phanti is a real good trader in my opinion and i learned a lot from him...Keep it up Bro
Id like his origin idea very much, before he switched to trading with supply and demand areas. S/D areas are very powerful in forex and trading with that ones could be very successful, but i wanna make something different.
So i am gonna trade in m15 Timeframe . I am not a patient one, so trading in higher timeframes is a lil bit torture for me I now the pros would say now: "If you don't have any patience u wont earn any cash in this business in the long run..." But seriously, i cant wait for 4 or 24 hours to candle close...
There so many strategies in FF looks like this one, so we need really another thread like this? I think no, but i had a desire to start this thread ...I just wanna to know in which way it will develop. Maybe i can be very successful with that one and reach my personal target: Make trading for a living or i will completely fail and burn my account in a few days, who know.
So lets go to the facts, we need two constellations:
1) RSX in oversold/overbought area
2) Pair bounced of the Pivot
Charts will follow in next days, also live trades. Please notice: I am not an advanced trader and i have a regular job...
Its getting late here, i will continue later.
"...There's many ways to make money in this business & we all have our preferred methods. If what you do works for you, great! Keep doing it but also keep learning."
Kind Regards
Bullzeye
Here we go folks
This easy strategy based on two indicators: RSX and Pivots. I love both very much. Actually i am not a developer of this one, i just had realize: This system perfect fits my style of trading.
This strategy is based on Phanti`s thread Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound. Phanti is a real good trader in my opinion and i learned a lot from him...Keep it up Bro
Id like his origin idea very much, before he switched to trading with supply and demand areas. S/D areas are very powerful in forex and trading with that ones could be very successful, but i wanna make something different.
So i am gonna trade in m15 Timeframe . I am not a patient one, so trading in higher timeframes is a lil bit torture for me I now the pros would say now: "If you don't have any patience u wont earn any cash in this business in the long run..." But seriously, i cant wait for 4 or 24 hours to candle close...
There so many strategies in FF looks like this one, so we need really another thread like this? I think no, but i had a desire to start this thread ...I just wanna to know in which way it will develop. Maybe i can be very successful with that one and reach my personal target: Make trading for a living or i will completely fail and burn my account in a few days, who know.
So lets go to the facts, we need two constellations:
1) RSX in oversold/overbought area
2) Pair bounced of the Pivot
- Wait for candle close
- R:R ratio of 1:2
- Please follow your moneymanagement
- Don`t trade on News-Events
- Please set a stoploss
Charts will follow in next days, also live trades. Please notice: I am not an advanced trader and i have a regular job...
Its getting late here, i will continue later.
"...There's many ways to make money in this business & we all have our preferred methods. If what you do works for you, great! Keep doing it but also keep learning."
Kind Regards
Bullzeye