Hi everyone,
I've been working my eyes off the M1 charts and found the perfect set-ups but just one snag I have to keep burning my eyes on the charts so I don't miss my entry signals and I've come to conclude that the missed and second guessed entries are the ones that should have made me a Forex millionaire by now not even the loosing trades.
So until I can go full time and fire my boss I want to devote more time on the H1 charts and work my way to leaving my day job.
Here's the system
INDICATORS
Main
1 2 Period SMA close shift 2
2 2 period Stochastic High-Low
Ancillary
1 ICT Big and Mid figures
2 ICT Asian Session
3 Market panel display controller
4 P4L clock
5 APB
6 Alerts on new bar
The object is to spot a divergence between price and indicator and make sure price closes below 2SMA for a sell or above for a buy
I compare price high/low with indicator high/low, confirm price close and gauge previous high/low for SL placement/risk assessment
I like to check for divergences at FO, LO & NYO; if you trade Tokyo open you can check also.
With a basket of currency pairs you are bound to find at least 2 trades morning and noon.
I like to set and forget so I trade with 30/30 TP/SL
If I get two signals at Fo, I could just bail out when my pips count tally 30 (+/-) or let the trade play out to TP or SL
Still open to development will keep raising the bar, my aim is as close to zero subjectivity as possible
I've been working my eyes off the M1 charts and found the perfect set-ups but just one snag I have to keep burning my eyes on the charts so I don't miss my entry signals and I've come to conclude that the missed and second guessed entries are the ones that should have made me a Forex millionaire by now not even the loosing trades.
So until I can go full time and fire my boss I want to devote more time on the H1 charts and work my way to leaving my day job.
Here's the system
INDICATORS
Main
1 2 Period SMA close shift 2
2 2 period Stochastic High-Low
Ancillary
1 ICT Big and Mid figures
2 ICT Asian Session
3 Market panel display controller
4 P4L clock
5 APB
6 Alerts on new bar
The object is to spot a divergence between price and indicator and make sure price closes below 2SMA for a sell or above for a buy
I compare price high/low with indicator high/low, confirm price close and gauge previous high/low for SL placement/risk assessment
I like to check for divergences at FO, LO & NYO; if you trade Tokyo open you can check also.
With a basket of currency pairs you are bound to find at least 2 trades morning and noon.
I like to set and forget so I trade with 30/30 TP/SL
If I get two signals at Fo, I could just bail out when my pips count tally 30 (+/-) or let the trade play out to TP or SL
Still open to development will keep raising the bar, my aim is as close to zero subjectivity as possible
Attached File(s)
H1 DIV.rar
54 KB
|
642 downloads
Let it turn and find your entry.