Stacking pips since 2002
- | Joined Oct 2008 | Status: Learning | 1,056 Posts
What you do is a reflection of you....what I do is a reflection of me.
Intresting finding or simply statistic: 5min candel 14 replies
5min Bollinger breakout system 42 replies
My journal on The Force 5min system 5 replies
QuoteDislikedIts a good system in almost all conditions. Its has its bad days but the good days which are a lot more frequent make you forget about them. The only time you need to be carefull is around major S/R.
DislikedJedi,
Please take a look at the chart you had posted with my notes.
The first area with the red circles, it seems to meet all your criteria - is this not a trade?
The second area with the blue boxes,I am assuming was a short. Doesn't the stoch have to cross down from the 80 area for a valid trade?
Thanks in advance - enjoying the thread and system - keep it up!Ignored
DislikedThe template is attached. Your going to have to add the MACD in youself which is also included by attachment.Ignored
Dislikedwe have this entry today and it sounds beautiful ...well go on
Ignored
DislikedCan anyone tell me what are the lets that show up in this MACD are?
1- VT
V bottom
2- RT
Rount Top
3- ZB
Dont know
4- TC
Trend continuation
What are those numbers at the end of the MACD?
dont know
Thanks
PeaceIgnored
DislikedI just want to let everyone know who follows my system that in the next week or two ill be posting several documents I have in progress on the following subjects.
Money Management
Risk Reward
Candle Stick Price Action and pivots, SR
Shoot to kill and patience
Anyone who is not having success with my system needs to know all the above sujects and how they relate to trading in their respective ways. You can not trade without a least know the basics of those subjects. Like I tell people all the time \"you cant drive blindfolded\" if you can your amazing. When I started this thread on my system I didnt realise how much interest would generated. I also didnt realise how much work it would be....Ignored
QuoteDislikedI just want to let everyone know who follows my system that in the next week or two ill be posting several documents I have in progress on the following subjects.
DislikedPeace,
Your answers are posted below. Just to let you know these signals are not related to my system. I put them to false in the indicator settings. I found this indicator on mql4.com and adopted it because of the color changes when it goes from bull to bear ect..Ignored
DislikedI just want to add something here on why I chose the indicators I did and why I have them set the way I do.
MAs
5ema open and 5ema to close
These are chosen and set the way they are because a helps indentify a reversal. Almost always when they cross reversal price action is forming or has already formed. What you can do if a cross occurs while in an active trade is move your stop to the high/low of the candle that the cross occured on. This is good because it will limit your loss or secure whatever profit you may have. This way if your in profit you wont loose it all in a full reversal. I you check your charts you can see that a lot of the time a cross will occure in a apposing direction...Ignored