"Skills pay the bill's!"
Custom Indicators vs. Technical Indicators 6 replies
Lagging Indicators -vs- Leading Indicators 48 replies
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
DislikedSteinitz, you got a great system and a great thread going here!
Your system is basically achieving the same results you would get with a WMA 5 EMA 13 EMA 55 using 2 time frames.
Your lower time frame is a 5,13 crossover that has gone one or more time frames and is crossing over 55 EMA (or being repelled by 55 EMA) and your upper (confirming) time frame is a fresh 5,13 crossover.
There are variations to this system. Some (Rob Booker) use the 62 EMA instead of 55 EMA. There are other indicators you can use for additional confirmation, but then you complicating a nice simple system.Ignored
DislikedSO looking at the 4 hour cable.
THis is currently a long signal correct?
WHen was this long signal triggered?Ignored
DislikedStein,
I would reccommend you post screen shots as you see the signals in real time. This is the best way to learn. This way all the readers on the thread can see what you see and get a feel for how to trade the system. Kind of like being a mentor!
B.Ignored
DislikedHere are the rules for long entry:
1. lowest TF must be at least one blue HAS candle.
2. The next highest TF must be a "blue upper wick with a red body candle " or a blue candle.
and/or price must be >=HAS candle. (OPTIONAL)
Here are the rules for long exit:
1. Current TF displays it's first red candle AND next largest TF is a "red upper wick with a blue body candle" or a red colored candle.
Here are the rules for staying in trade when current HAS candle turned red.
1. Go to next higher TF and if HAS bars are blue stay in the trade.
Note: You only consider wick vs body color when looking at NEXT higher TF.
Reverse everything above for a short entry and all rules that followed.
This should be a good start.Ignored
DislikedSomethings wrong with MTF Mono- Should the 1 and 5 be red during this sea of blue?
I find the HMA to be another excellent filter- When the candles changes color I want the HMA to correspond!
MY mistake- need refreshing.Ignored