hello iam Glade to post my first thread in this Forum i learned from it alot and i see a great effort i hope ull see my strategy helpfull to u ..
We Will use 5 Indicators in the strategy
1) ATR (14)
we'll Add 2 levels 1) 0.0017
2)0.0006
2)RSI (14)
3)Pivot Points
4)Heiken Ashi
5)Parabolic Sar
The Strategy is very simple when the price touches or penetrate my levels in ATR i look for an Entry
1) ill wait till a reversal happen ex: if the price is bullish ill wait till it be bearesh by the 2 indicators a) parabolic b) Heiken Ashi
2) ill see a confirmation from the RSI that the price is oversold or overbought and going up or its above or down the 50 Level
3)i calculate my loss and profit by determing the stoploss and takeprofit before i enter the trade
my stoploss if iam going to go LONG is the recent support and the takeprofit is the next level in the pivot points i calculate the loss points and the profit and i dont enter the trade except my profit is at least double my loss
Here's some Examples :
http://i153.photobucket.com/albums/s202/btbt/trades.jpg
when the price touched my levels i wanted to enter the trade i must wait for a reversal for the price by the parabolic and heiken
in trade no.1
it was bearish i waited till it be bullish by the parabloic and heiken and i entered the trade Long with stope loss at the most recent support and take profit at the blue line in the pivot
trade no.2
the Same Senario with take profit the yellow line
Trade no.3
Take profit the Redline
Trade no.4
take profit the Blue line but i didnt enter cause the Profit wasnt Twice the loss
Trade no.5
Take profit the Blue Line
Trade no.6
take profit the yellow line of the previous day
As you see strategy is effiecent and you can trade with it almost every day
i hope i helped a little and if any questions occured i will be glade to answer it thank you..
We Will use 5 Indicators in the strategy
1) ATR (14)
we'll Add 2 levels 1) 0.0017
2)0.0006
2)RSI (14)
3)Pivot Points
4)Heiken Ashi
5)Parabolic Sar
The Strategy is very simple when the price touches or penetrate my levels in ATR i look for an Entry
1) ill wait till a reversal happen ex: if the price is bullish ill wait till it be bearesh by the 2 indicators a) parabolic b) Heiken Ashi
2) ill see a confirmation from the RSI that the price is oversold or overbought and going up or its above or down the 50 Level
3)i calculate my loss and profit by determing the stoploss and takeprofit before i enter the trade
my stoploss if iam going to go LONG is the recent support and the takeprofit is the next level in the pivot points i calculate the loss points and the profit and i dont enter the trade except my profit is at least double my loss
Here's some Examples :
http://i153.photobucket.com/albums/s202/btbt/trades.jpg
when the price touched my levels i wanted to enter the trade i must wait for a reversal for the price by the parabolic and heiken
in trade no.1
it was bearish i waited till it be bullish by the parabloic and heiken and i entered the trade Long with stope loss at the most recent support and take profit at the blue line in the pivot
trade no.2
the Same Senario with take profit the yellow line
Trade no.3
Take profit the Redline
Trade no.4
take profit the Blue line but i didnt enter cause the Profit wasnt Twice the loss
Trade no.5
Take profit the Blue Line
Trade no.6
take profit the yellow line of the previous day
As you see strategy is effiecent and you can trade with it almost every day
i hope i helped a little and if any questions occured i will be glade to answer it thank you..