I have been trying to make a simple system
so where is my latest Idea ...I would love feed back
charts- 2
a. 4 hour
b. 30 mins
tools -3
a. Stoch slow @ 5.3.3
b. 50 ema
c. candles ..esp. watch tails (shaddow)
rules
1. Get the trend from the 4 hour chart
only -only trade with trend from this chart
you get the trend from a stoch cross on this chart
2. Move to the 30min chart for enter & exit signs
a. enter
-when the stoch crosses on the this chart
- when you have a candle formation sign
ie. - big shaddow- tail or nose
- engulfing candle-
- inside candle -
-3 candle reversal
- you use the 50ema to make sure you have pip room
ie. you want the 50ema under the price to sell
over the price to buy
- if the 50ema has a strong angle it may not be able to cross
then you want the price to make a strong move back
to the area of the 50 or better touch it .
b. exit
- a cross on the 4 hour Stoch & you are out
- more safe close-and the one I used this week
- a cross on the 30min stoch -or a candle sign
reverse of enter sign - above
if you want to use multi-lots enter with 3 lots
close 1st lot with 10 pip win
2nd lot with 25 pip win
3rd lot exit sign
when you hit your 1st target move up your stop loss etc
SL is 35
I used this on
Eur/ Usd & Usd/Jpn Usd/Chf
Gbp/Usd Usd/Cna Aus/Usd
the 1st 3 were easier to work with.
4 hour chart
cross of the stoch
a. Red we are only looking to go down
b. blue we are only looking to go up
30 min chart
the red & blue lines are from the 4 hour chart & show the trend
red arrows enter signs
3 signs
a. big tail on a bear candle
b. cross of the shoch on the 30 mins
c. 3 candle reversal
blue arrow exit signs - you get them all here
a. big tail on a bull candle - shoch cross- 3 candle reversal
it works well & it is simple any feed back
so where is my latest Idea ...I would love feed back
charts- 2
a. 4 hour
b. 30 mins
tools -3
a. Stoch slow @ 5.3.3
b. 50 ema
c. candles ..esp. watch tails (shaddow)
rules
1. Get the trend from the 4 hour chart
only -only trade with trend from this chart
you get the trend from a stoch cross on this chart
2. Move to the 30min chart for enter & exit signs
a. enter
-when the stoch crosses on the this chart
- when you have a candle formation sign
ie. - big shaddow- tail or nose
- engulfing candle-
- inside candle -
-3 candle reversal
- you use the 50ema to make sure you have pip room
ie. you want the 50ema under the price to sell
over the price to buy
- if the 50ema has a strong angle it may not be able to cross
then you want the price to make a strong move back
to the area of the 50 or better touch it .
b. exit
- a cross on the 4 hour Stoch & you are out
- more safe close-and the one I used this week
- a cross on the 30min stoch -or a candle sign
reverse of enter sign - above
if you want to use multi-lots enter with 3 lots
close 1st lot with 10 pip win
2nd lot with 25 pip win
3rd lot exit sign
when you hit your 1st target move up your stop loss etc
SL is 35
I used this on
Eur/ Usd & Usd/Jpn Usd/Chf
Gbp/Usd Usd/Cna Aus/Usd
the 1st 3 were easier to work with.
Attached Image
4 hour chart
cross of the stoch
a. Red we are only looking to go down
b. blue we are only looking to go up
Attached Image
30 min chart
the red & blue lines are from the 4 hour chart & show the trend
red arrows enter signs
3 signs
a. big tail on a bear candle
b. cross of the shoch on the 30 mins
c. 3 candle reversal
blue arrow exit signs - you get them all here
a. big tail on a bull candle - shoch cross- 3 candle reversal
it works well & it is simple any feed back