Crosses, bounces and curve fitted indicators

This, in itself, is a newbie opinion.

CROSSES

The major crosses talked about in trading are MA crosses, price crossing MA's (and closing above or below) and Oscillator crosses.

My sweet spots are where price crosses the 1/3MA and where price bounces off the 1/3MA in my Time frame of choice.

Take a look at recent examples (no cherry picking).

TOO MUCH FUN

I've been having too much fun writing all thee that I did not concentrate to take my set-ups but the beauty of the markets is there will always be more opportunities to buy or sell or sell and buy.

The resistance and range would have made me hesitant but that final bounce off LT S&R would have been a definite short signal then th bounce off the 3Day MA a re-entry or add-on position.

SO FAR SO GOOD

We have covered the possible bounces and then we have talked about crosses and at this point we can call it an open and closed thread if we just summarize all but the crosses continue.

Note that with all we've talked about and some diligent back-testing you can confidently trade on your own just respecting the trend and LT S&R or using the contractions of the BB as a Counter-Trend signals.

CROSSES CONTINUE

For filters I prefer OSCILLATORS and my choice is DeMARKER and STOCHASTIC oscillators


I must confess at this point that I've been unable to curve-fit these oscillators I was able to with the help of a friend curve-fit the RSI but I delight in using those two indies for one reason THEY CAPTURE DIVERGENCE!

The DeMarker is supplied with the MT4 platform as basic Indicators and there are several materials on it's use but I use it primarily to detect Divergence. and that of course has so much written on it. (just google them both)

I also use the STOCHASTIC SLOPE (found on FF forum) I think it's the bomb!

It is customize able and also capture Divergence.

Combining both does not amount to using redundant indicators as the Stochs is used to take entries in O/B & O/S, then the DeM is set at close but the Stochs can be set at High/Low or Close/Close.

My setting of choice is

DeM -Default 14 period, O/B 0.75 O/S 0.25 with additional level of 0.50

Stoch slope 5, 3, 3 periods, O/B 75 O/S 25 with additional level of 50

Some materials on Divergence are attached.

What's your opinion?

UNVEILING

Here's what the combination looks like.

Very nice. Would you post the Stochastic w Slope indicator and the Moving Average indicator that changes color with trend, please?

FILTERS FILTERS

Generally the stochs is applied in entering trades in buying when the indicator leaves O/S and selling when the indicator leaves O/B but my approach is trading the CROSSES of the K and D lines in O/B or O/S in the direction of the Trend for better results.

Occasionally the DeM crossing O/B or O/S can coincide with the Stoch cross in O/B or O/S giving that confluence of criteria, for greater assurance .

While we use filters tor determine the greater probability of success of our intended trade, we should not forget our sweet spots


See some crosses.

COMING UP NEXT

INDICATORS

Here are the indicators for this template

TEMPLATE

Here's the template

UP NEXT MULTIPLE TIME FRAME ANALYSIS


We will consider what some call "Fractals" which is Higher Time Frame confirmation, but before that lets recap.

BOUNCE OFF'S

1200EMA400EMA800EMA2400EMA12000EMA
272EMA144EMA288EMA864EMA4320EMA
38EMA16EMA32EMA96EMA480EMA
41/3MA BOUNCING OFF 3DAY MA (eg 32EMA bouncing off 288EMA in M15)
5UPPER BB Band
6BOTTOM BB Band
7BRN
8RN
9ADR (daily,mid week and monthly)
10S&R
11TRENDLINES

CROSSES

1PRICE CROSSING 32EMA (or the 1/3MA of your prefered Time Frame)
21/3MA Crossing 3Day MA
3STOCH CROSS IN O/B OR O/S
4DeMARKER CROSSING O/B OR O/S


CONFLUENCE OF CRITERIA

1WHERE 2 OR MORE BOUNCES TALLY WITH 1 OR 2 CROSSES


EXITS

1YOUR SET TARGETS AS PER R/R RATIO
2BOUNCES IN OPPOSITE DIRECTION OF YOUR TRADE
3CROSSES IN OPPOSITE DIRECTION OF YOUR TRADES
4REVERSAL CANDLESTICK/BAR PATTERNS


Download the attached file, print it and use it as a guide for BACK-TESTING AND FORWARD-TESTING

EXITS

We did not discuss exits but from the plan and the charts they are self evident, just do the required work BACK-TEST, BACK-TEST AND MORE BACK-TEST

QUESTIONS

I will not be answering any questions on success rate or how much money I've made with this system /approach.

My motivation in sharing this work is to let others benefit, if only 1 person downloads the indicators and templates, bends down and does the work of back-testing and gains the confidence to forward test and trade this, then I'd be very satisfied.

I'd be posting more and certainly screenshots of FUTURE LIVE TRADES God willing.

CYA

SAFE TRADING

Hello once again,long short break there.

Feeling frustrated with my results today ( I had to concentrate some bit on my day job) the unfavorable entries and the missed opportunities, I decided to look again at some other pairs and see what I was missing.and I discovered that some times some low volume pairs would be trending and begging for entries from traders, so it just calls for an expansion of the watch list to include some more pairs, wait for an alignment of the MA's and milk the market until the trend changes.

Here's an example Boy have i been leaving money on the table for some others to pick.

TODAY'S RESULTS

Today was a mixed bag of results. The analysis is that my SL were inelastic enough for the market today and I have to keep viewing my charts every 30 minutes to spot valid set ups brewing else I'd always be singing "missed opportunities".

EURJPY 2 TRADES -VE PIPS
EURUSD 1 TRADE +VE (MINUTE) PIPS
GBPUSD 1 TRADE -VE PIPS

Many opportunities there after on EURJPY, EURUSD & GBPUSD

I'm adding AUDUSD & USDCHF to the mix (for those safe trading opportunities)
EURJPY trades were on M15 but the screenshot is from M5 for more detail analysis.

MORE RESULTS SCREENSHOTS

EURUSD was on M15 but the screenshot is in M30 (curve fitted MA's allow you to trade multiple time frames almost like one single time frame)

AND ANOTHER SCREENSHOT

GBPUSD was also taken on M15 but the shot is on M30

WHY THE DIFFERENT TIME FRAMES?


I just wanted to show how all the curve fitted MA's are in concert with themselves.

Then I wanted to show Divergence at work.

Personally I'm torn between the M15 or M30 so I can reduce my screen stare and glare time.