Market Predatorfx58

I have been busy for a good while, Studying and trying to refine things...

The breakout can be guided and directional based on some simple filters, that be:

1. Oscillators-Even if you think it lags
2. Daily open-What happens when the day opens does it operate above or below where the previous day closed...
3. Moving averages and channels
4. Scalping and trailing as well...
5. Targets can be set by the atr of the pair or fibs projection...

With time all things get better...Practice and practice
My Perspectives may be different from yours but still try and share your views it may help...

Further updates will be following the last post i made...the above picture...

So the aim is to finds the direction a market may likely go, instead of just placing pending orders high and low...

I will post the update system here and give updated information...

New concept i been working on sometime now, can you see direction?

can u share mark indicator?

I will be sharing the whole template my friend.

Some scalping done off of the same template...

Some examples

Very easy i would say, and i have been messing around, trading 123, for reversals, breakouts and strength trading. It all lines up pretty well.

Now we are directional...We have a bias...

We have now incorporated one (1) oscillator two (2) times
Rsi-4 Levels 30 and 70
Rsi 14-Levels 45 and 55

I will be upload the template shortly...

Update first thread post #1.

Our trading will be based on Rsi and price operating above or below the daily open line.

1. The Rsi filter settings are best identified on h1 or higher, firstly before trading.
2. Then entry can be made on m5 or higher.

For Long/Buy Order:

1. Rsi 14 levels are 55 & Above= Buy & Rsi 4 Levels 70 & Above
2. Ema 9 crosses ema 50 (high) & price is above the daily open line
3. Open Long or Buy order
4. We keep trade if rsi remains above 55/50 Levels on h1

For Short/Sell Order:

1. Rsi 14 Levels are 45 & Below= Sell & Rsi 4 Levels 30 & below
2. Observe these Levels on high timeframe of h1 or above before entry...
3. Ema 9 crosses Ema 50 (low) & price is below the daily open line
4. Open Short or Sell order

Rsi:

1. Rsi 14-Red
2. Rsi 4-Black

Moving average:

1. Ema -9 set to close= the blue one
2. Ema-50 set to close- Red Solid line
3. Ema-50 set to high-Dashed red line
4. Ema-50 set to low-Dashed Red line

Daily Open:

1. White dashed line

Maintain trade as long as h1 agrees with the direction.

This represents the point away from daily open...
This is also a reflection of the direction of strength at the moment...

Dear Cliffy I urge you to look on the updated version of my breakout with direction bias. This is linked to some filters of oscillator RSI and higher timeframe such as h1 to daily. The next filter is daily open I have written instructions.

Dear Husky, your inputs so far have been valuable to me and others I am sure. In general you have good intent. Trading without stop loss can be suicide which some traders are aware of but hidden stop loss is perfect and as I have said I have experienced being hunted especially by market maker brokers who trade against their clients... Oh yes its fact and we all should know it of we don't already. I have updated my rules and have done some research and testing of other great systems and if this technical based strategy for breakout is perfected according to my examples given in picture we can have a magnificent system.

I urge you to help us achieve a better stop loss criteria which will be safe and take profit suggestions. So far the aim is to take two positions each time we have a signal. One trade to hit a small and easy target for profits and the other to be trailed until stopped in whatever profits gained. This template works for all assets. Thanks in advance for your assistance I look forward to your reply.