big trend we just need a dashboard to alert from the #1 rule when 2 bars are not touching the band low for sell or band high for buy to identify the trend. up to the trader to enter or wait for pullback
Attached Image (click to enlarge)
it does not cost me anything to share my knowledges
What is the logic behind making the upper bound 10SMA and the lower 8? It is logical for me to make both 8 or 10.
Ignored
Price take the stair to go up and the elevator to go down.
So the 8 sma is faster to signal a sell.
Place sell stop order at 2 pips below the lower low of the 2 consecutive bars that did not touched the 8 SMA low.
Attached Image (click to enlarge)
it does not cost me anything to share my knowledges
This trading idea is based in Jake Bernstein system, but you can add any indicator to filter some signal or trade without filter. Daily chart 8 SMA LOW 10 SMA HIGH. Reason to go long:
A=2 bars's low above channel's high without touching the 10 SMA high.
B=Place sell stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh .
Ignored
Toto69,
Did you mean "B=Place buy stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh ."
{quote} Toto69, Did you mean "B=Place buy stop order at 2 pips above the higher high of the 2 consecutive bars that did not touched the 10 SMA lhigh ."
Ignored
For a buy set up:If you count the 2 bars that did not touch the 10 SMA high,you find wich of those 2 bars printed a higher high.
Or buy call options with 3 months to expire
Attached Image (click to enlarge)
it does not cost me anything to share my knowledges
{quote} Price take the stair to go up and the elevator to go down. So the 8 sma is faster to signal a sell. Place sell stop order at 2 pips below the lower low of the 2 consecutive bars that did not touched the 8 SMA low. {image}
Ignored
This principle of "Stairs/Elevator"; do you see that it is applicable for all pairs?
{quote} ++++++++++++++++++ Why? There has been no break of 2nd bar below 8 Low. Educate me please.
Ignored
I used to wait for the low of bar #2 to be broken to the downside to enter ,but Now I trade more aggressive. I enter short the next opening bar after I found 2 high below the 8 SMA LOW.
You need to make your own rules,and you can add any other indi for confirmation you decide if you wait for a pullback or if you go long the next bar after 2 high are above the 10 SMA.
I hope that help.
This is one of the ways that I used it:I go long the next bar after 2 high are above the 10 SMA HIGH
Attached Image (click to enlarge)
it does not cost me anything to share my knowledges
{quote} You need to make your own rules,and you can add any other indi for confirmation you decide if you wait for a pullback or if you go long the next bar after 2 high are above the 10 SMA. I hope that help. This is one of the ways that I used it:I go long the next bar after 2 high are above the 10 SMA HIGH {image}
Ignored
dear in my observation this method not properly work in lower time F. even 1 h ? what do you think ?
{quote} dear in my observation this method not properly work in lower time F. even 1 h ? what do you think ?
Ignored
What rules are you using to enter exit and take profits?are you using any other indicator for confirmation?That is the only way for me to know if it work for you?I just gave you an example of one of the ways that i use this indicator but you have to find your own style.
Attached Image (click to enlarge)
it does not cost me anything to share my knowledges
{quote} What rules are you using to enter exit and take profits?are you using any other indicator for confirmation?That is the only way for me to know if it work for you?I just gave you an example of one of the ways that i use this indicator but you have to find your own style. {image}
Ignored
i never using any indicators. all are manual using sma 8//10 for trend filter
