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Payapa Trading System - Modified Ali's Version
{quote} EURUSD, SL Hit, -55 pips I think H4's trend is also important that must be sync with D1 and W1 timeframe trend. none of these three TF should be in conflict each other. e.g. for sell each of H4,D1,W1 must be one of SDT(strong down trend),WDT(weak down trend),CN(consolidation). so i'm testing in this mode from now on. GBPJPY (SELL): {image} It's not an ideal setup. all conditions met and H4,D1,W1 is also in sync, except that price isn't on resistance zone so it's a Non Conservative trade.
USDJPY,H1 SELL
I think all conditions met for entering sell. in addition to that, Overall Trend (D1 & W1) at least isn't against you. i entered a bit late after close of candle below ema21, because i was waiting for confirmation of H4 weak up trend to goes below ema21 ( red small dot in TTI). i appreciate any comment about this trade.
thank you
{quote} I don't seem to notice any change in the value of the TrendStrenght no matter the timeframe, but I will install the TTI and watch the difference Watch out for a massive AUDCAD & NZDSGD SELL It has hit resistance on H1, H4 and Daily which signifies a major downward trend forming. Wait for Criteria to be met on H1 and then load it up
Thank you
- #470
- May 26, 2020 12:18pm May 26, 2020 12:18pm
And this is why Im all for the COMPRSI. Sure you'll miss a few trades, but you will also stay out of these too.
CompRSI, Over 50 and kept rising--- So even if your bias was to sell, you wouldve stayed out.
**Edit
notice too, the compRSI went over 70, then dropped off, but price made a high, then drop.
This is why my philosophy is....over 70 reading....be careful staying or going long, as reversals may be coming.
CompRSI, Over 50 and kept rising--- So even if your bias was to sell, you wouldve stayed out.
**Edit
notice too, the compRSI went over 70, then dropped off, but price made a high, then drop.
This is why my philosophy is....over 70 reading....be careful staying or going long, as reversals may be coming.
{quote} The CompRSI Trendstrenght indicator does not change value no matter the timeframe, so it is consistent in giving an OVERALL VIEW of the Trend across multiple timeframe. The only thing I will add is that if you are initiating trade based on our strategy, then you will of course enter trade when conditions are met on the H1. Lastly, I will advise that you disable the Monthly completely and the weekly (if you wish) for precision. Personally I only the H4 and Daily setting on the indi to calculate my CompRSI Value. 70 and above - Go LONG 35...
