So, in my understanding, considering TDI confirmation, we look only at TDI signal for strategy 1 and we look at both TDI signal and TDI trend (should be in one direction) for strategy2...
So, in my understanding, considering TDI confirmation, we look at TDI signal for strategy 1 and we look at both TDI signal and TDI trend (should be in one direction) for strategy2...
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yes for method 2 , trend of both the currency we are trading example gbpcad + trend of gbpusd
1 - a signal comes from the zigzag indicator with harmonic shape "detected automatically on your chart"
2 - price at 61.8 % fibo level (or 78.6)
3 - buy signal from TDI
4 - Stochastic Cross below 20 or 50
Hello, So it works both ways around. Method 1 - bullish 1 - a signal comes from the zigzag indicator with harmonic shape "detected automatically on your chart" 2 - price at 61.8 % fibo level (or 78.6) 3 - buy signal from TDI 4 - Stochastic Cross below 20 or 50 Is that correct?
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yes correct for method 1
i have attached the NZDUSD setup check all the entry criteria and they were met
Another thing that I am interested about: do you have a scanning system, to search for opportunities? There are tens of pairs, how do you proceed? You move through each, manually? Or a detection system alerts you of an approaching trade?
{quote} Do you look at signal strength for method 1 - I mean should it be only "Strong Buy" or "Weak Buy" is also OK?
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for method one i don't look for strength because if we wait for it it will be late
and a very good aspect is the strong level at 61.8 % fibo level which is then confirmed by entry even without the strong trend from tdi "ANY SIGNAL STRONG OR WEAK WOULD BE CONSIDERD GOOD IF ALL ASPECTS WERE MET"
Thanks for replying! Another thing that I am interested about: do you have a scanning system, to search for opportunities? There are tens of pairs, how do you proceed? You move through each, manually? Or a detection system alerts you of an approaching trade? Thank you
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i don't have, if a programmer makes this scanning tool it would be amazing
also it's a 4 hours trading system so each 4 hours looking once at all charts would be not a big problem i think
{quote} i don't have, if a programmer makes this scanning tool it would be amazing also it's a 4 hours trading system so each 4 hours looking once at all charts would be not a big problem i think
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I do have this indicator, which is a harmonic pattern scanner/dashboard. You can select what timeframes you want to scan, what patterns to look for and how far back in history you want the patterns to be displayed, what currency pairs to scan, the patterns are then printed on screen. If you want maybe have a play around with it, you may need to adjust the settings so they match your current settings for the harmonic pattern you are using, which I believe is being generated from the ifibonacci indicator.
I would be very interested to see where this thread goes, always wanted to nail a fibo/harmonic pattern based system. Tried every system in the book, settled on a few, but this approach is something I have never developed passed the demo testing stage.
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