Always a Student, Never a Master - Emulate What Works
- #7,961
- May 19, 2022 1:12pm May 19, 2022 1:12pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,760 Posts
- #7,968
- May 22, 2022 12:24pm May 22, 2022 12:24pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,760 Posts
Always a Student, Never a Master - Emulate What Works
- #7,970
- Edited 1:42pm May 24, 2022 8:33am | Edited 1:42pm
My approach is a simple system, without unnecessary indicators. We are trading SPY 500 . A simple example. M10 and M1 
Example of overclocking an account starting from $100
another example . We hold the position on M1 until the first red candle . We put the stop under at least 1 of the previous candle on M1. The risk-profit ratio is 1:3 and higher
Example of overclocking an account starting from $100
another example . We hold the position on M1 until the first red candle . We put the stop under at least 1 of the previous candle on M1. The risk-profit ratio is 1:3 and higher
- #7,976
- Edited 3:58am May 25, 2022 3:43am | Edited 3:58am
{quote} Hi faktmany, based on your marking on the 10 min chart, it looks like you start taking setups on M1, before M10 HA candle changes color and close?
Here is another example
- #7,978
- May 25, 2022 6:39am May 25, 2022 6:39am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,760 Posts
{quote} Only after the candle closes on M10 do I start looking at M1 . In both cases , the RSI should be above 50% for purchase , and below 50 % for sale . The previous picture is a good example Here is another example {image}
I think the RSO (Robinhood Oscillator) very closely mimics the combination of the RSI 14 and the Stoch 8,3,3, BUT I also think that the RSO Magenta Line is much smoother than the RSI 8. Take a look...
Always a Student, Never a Master - Emulate What Works
- #7,979
- Edited 7:53am May 25, 2022 6:44am | Edited 7:53am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,760 Posts
For those of you who are using TC2000, I have found a way (that to me) the RSO is more visually pleasing than the way I originally posted it (with 2 lines).
The problem that I was having is that I could not always definitively tell when the magenta line was above or below the 0 line.
Now I definitively can.
The problem that I was having is that I could not always definitively tell when the magenta line was above or below the 0 line.
Now I definitively can.
Always a Student, Never a Master - Emulate What Works