Hi,
I have improved the entry signal as followed:
Short Trade
H4: Determine the trend
- 5/10 ema cross down confirmed by rsi < 50 + stoch cross down
M15: Determine the end of the retracement (is about to end)
- Wait for 5/10 ema on M15 cross up and price is above the RIPT (good retracement)
When the white bar of Fxtrendband appears then go to M5.
You can sell on M15 but on the weakness. I use the white bar of Fxtrendband as a weakness.
Sell@close = white bar of Fxtrendband + QQE cross down + macd is above the zero line then losing its value + Snakeforce paints thick red
or
go to M5 for a better deal possible
M5: Pinpoint
Sell@close = Price closes in or above the upper band + red box appears(good signal) + red arrow appears confirmed by white bar of Fxtrendband of M15 + QQE cross down + macd is above the zero line then loses its value (if the previous bar of macd is red then cancels the signal. Maybe this signal is not HP. We want to enter a trade when the momentum is about to start) + Snakeforce plots red thick bar.
When you enter on M5 just make sure the snakeforce on M15 is about to turn to red bar
Daily open is not important for day trading
Sai Ram
I have improved the entry signal as followed:
Short Trade
H4: Determine the trend
- 5/10 ema cross down confirmed by rsi < 50 + stoch cross down
M15: Determine the end of the retracement (is about to end)
- Wait for 5/10 ema on M15 cross up and price is above the RIPT (good retracement)
When the white bar of Fxtrendband appears then go to M5.
You can sell on M15 but on the weakness. I use the white bar of Fxtrendband as a weakness.
Sell@close = white bar of Fxtrendband + QQE cross down + macd is above the zero line then losing its value + Snakeforce paints thick red
or
go to M5 for a better deal possible
M5: Pinpoint
Sell@close = Price closes in or above the upper band + red box appears(good signal) + red arrow appears confirmed by white bar of Fxtrendband of M15 + QQE cross down + macd is above the zero line then loses its value (if the previous bar of macd is red then cancels the signal. Maybe this signal is not HP. We want to enter a trade when the momentum is about to start) + Snakeforce plots red thick bar.
When you enter on M5 just make sure the snakeforce on M15 is about to turn to red bar
Daily open is not important for day trading
Sai Ram
Attached File(s)
MySystem2016.tpl
8 KB
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218 downloads
ComeSurfingFxWithMe_Indicators.rar
368 KB
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305 downloads
Being a fxtrader is not easy. Ones must working hard.