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Thank you Forex Forum for a great place to learn, exchange ideas and progress along the path of successful trading.
The reasons for starting DRAGON II
2. So that those who may be trying to assimilate the techniques presented in the original Dragon thread may not be overwhelmed or confused by the transition to DRAGON II.
3. The Original DRAGON thread is a valid trading system. DRAGON II is a refined, condensed version.
note: It would be helpful for a new person to study the original dragon thread. There are many good ideas and techniques presented there.
Although it is not necessary in order to benefit from DRAGON II.
All that being said here were go.
There are two basic crosses we look for.
We use two time frames. I like to use the 5 min and 1 min. But this system is good along any consecutive two.
The landscape shows support and resistance, pivot points and the 200 ema.
On the higher time frame we look for osma cross of zero. (Which is a macd cross). Wait until the first bar closes. Consider looking for an entrance after that.
We look for the actual entry on the lower time frame. Look for a cross of the 5ema open/5ema close (shift 2). After a bar closes in the direction of osma on the higher time frame and on the corresponding side of the ma cross enter.
We keep in mind other factors like proximity to support and resistance, the 200 ema.
Screen shots will help to illustrate this.