Hi,
Lately there have been quite a number of posts regarding TF5 trading and how good it is to use them with the FX 50 Scalping System...... and I agree 100%..... In fact it is vital to do so.
I thought that everyone who has been trading this system understood that, because right at the beginning of this thread and the previous one started by the Can-Dude, it is mentioned that you have to use the TF5 chart as well.... In fact what we do here or what we should do is, watch the TF5 chart for the breakouts, break of trend...... and next pinpoint the exact entry on the lower Timeframe.... in this case TF1.
If you don't do it this way you almost have to be clairvoyant to pinpoint the right entries.....
Anyway I also have come to the conclusion that a lot of visitors to this thread still do not have the full grasp of what is built in.... in the template I produced on page 100 of this thread.
In fact we have the influence of TF15, TF5 and TF1 built in... in one chart. To make it more clear how to read this chart..... you should have a fresh look at the picture below.
Looking at this chart you may distinguish the spots where the TF15, TF5 and TF1 traders are in agreement..... or are divided in agreement. See how this works out. You can immediately see where for instance TF1 and TF5 traders are going to be in agreement to buy......., ect. In this chart setup you sort of can determine in an analog way what is ahead.....
If you like you can put a (digital= yes/no) confirmation underneath (under the CCI's) like the one Kino published in this thread..... Kino's Has bars....
In the chart below there are two buys completely in agreement with the CCI's and the rules of the FX-50 System. The last one (at the white dotted vertical line) is according to the FX-50 System CCI rules still looking to be a buy...... but now is clearly filtered out by this chart setup >>>>> because of disagreement shown between TF1 -TF5 and TF15 traders !!
Hope this makes it more clear to all of you using this setup
I believe you have something nice to study during the weekend,
Regards, John
BTW. Here is a new template too which uses RandyCandles. I have slightly modified one indicator for better use with the template below. All the other indicators may be found on the pages 100 upto this page of this thread
Lately there have been quite a number of posts regarding TF5 trading and how good it is to use them with the FX 50 Scalping System...... and I agree 100%..... In fact it is vital to do so.
I thought that everyone who has been trading this system understood that, because right at the beginning of this thread and the previous one started by the Can-Dude, it is mentioned that you have to use the TF5 chart as well.... In fact what we do here or what we should do is, watch the TF5 chart for the breakouts, break of trend...... and next pinpoint the exact entry on the lower Timeframe.... in this case TF1.
If you don't do it this way you almost have to be clairvoyant to pinpoint the right entries.....
Anyway I also have come to the conclusion that a lot of visitors to this thread still do not have the full grasp of what is built in.... in the template I produced on page 100 of this thread.
In fact we have the influence of TF15, TF5 and TF1 built in... in one chart. To make it more clear how to read this chart..... you should have a fresh look at the picture below.
Looking at this chart you may distinguish the spots where the TF15, TF5 and TF1 traders are in agreement..... or are divided in agreement. See how this works out. You can immediately see where for instance TF1 and TF5 traders are going to be in agreement to buy......., ect. In this chart setup you sort of can determine in an analog way what is ahead.....
If you like you can put a (digital= yes/no) confirmation underneath (under the CCI's) like the one Kino published in this thread..... Kino's Has bars....
In the chart below there are two buys completely in agreement with the CCI's and the rules of the FX-50 System. The last one (at the white dotted vertical line) is according to the FX-50 System CCI rules still looking to be a buy...... but now is clearly filtered out by this chart setup >>>>> because of disagreement shown between TF1 -TF5 and TF15 traders !!
Hope this makes it more clear to all of you using this setup
I believe you have something nice to study during the weekend,
Regards, John
BTW. Here is a new template too which uses RandyCandles. I have slightly modified one indicator for better use with the template below. All the other indicators may be found on the pages 100 upto this page of this thread
Attached File(s)
JE-Bar Trend.mq4
4 KB
|
920 downloads
! actiontrade v2 raca - fx50 system 1 min.tpl
15 KB
|
820 downloads