For this one I use charts without Sunday bars, preferably FXDD, but also Alpari time will do. This is slightly modified J16 strategy.
Indicators:
1. 365 EMA
2. 150 EMA
3. 21 EMA
4. 8 EMA
5. ATR STOP
6. MODIFIED MACD (ENERGY)
7. OVERLAY WITH korharmonics indicator
Setups:
Near significant area of emas: 365, 150, 21, 8, harmonic pattern, other S/R area
Triggers:
Usually PB, PBNR, and I4.
I do not look for harmonic patterns with my eyes, I use indicator for this. It has proven effective for me. Plus the setup has specific standards, since the indicator' settings.
Trade managemnt:
same as STRATEGY 1
Indicators:
1. 365 EMA
2. 150 EMA
3. 21 EMA
4. 8 EMA
5. ATR STOP
6. MODIFIED MACD (ENERGY)
7. OVERLAY WITH korharmonics indicator
Setups:
Near significant area of emas: 365, 150, 21, 8, harmonic pattern, other S/R area
Triggers:
Usually PB, PBNR, and I4.
I do not look for harmonic patterns with my eyes, I use indicator for this. It has proven effective for me. Plus the setup has specific standards, since the indicator' settings.
Trade managemnt:
same as STRATEGY 1
Paul W