Hello all, I am a trader that just cannot stop looking for the holy grail.
If I find a system that works, I just have to keep trying to make it better.
Here I will share with you a method that I like to use.
Feel free to ask questions or comment.
What you will need :1 hr chart (you dont need 1hr chart, I just like it)
Any pair
RSI(7)
Knowledge of The Elliot wave
Macd(12,15,1)
200 ema
50 ema
20 ema
What you need to look for: Divergence is a good sign of a turnaround, in which you will start your wave count.
I am currently posting my trades here http://www.forexfactory.com/showthread.php?t=264685
An article about The Elliot Wave
http://en.wikipedia.org/wiki/Elliot_wave
Lesson 1 http://www.forexfactory.com/showthre...43#post4158943
Lesson 2 http://www.forexfactory.com/showthre...49#post4159249
If I find a system that works, I just have to keep trying to make it better.
Here I will share with you a method that I like to use.
Feel free to ask questions or comment.
What you will need :1 hr chart (you dont need 1hr chart, I just like it)
Any pair
RSI(7)
Knowledge of The Elliot wave
Macd(12,15,1)
200 ema
50 ema
20 ema
What you need to look for: Divergence is a good sign of a turnaround, in which you will start your wave count.
I am currently posting my trades here http://www.forexfactory.com/showthread.php?t=264685
An article about The Elliot Wave
http://en.wikipedia.org/wiki/Elliot_wave
Lesson 1 http://www.forexfactory.com/showthre...43#post4158943
Lesson 2 http://www.forexfactory.com/showthre...49#post4159249
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