Hey umairs i was wondering if you take most of your trades when the indicators line up or do you wait for trend confirmation as well on 5 min, 15 min etc or is it discretionary?
thanks!
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i only use this setting on 1/5 minutes chart on higher TF my setting r different im using my other system for tht anyways better to confirm trend coz i have no idea about others tht how they enter...? how exit...? but im also giving u a hint enter on demo on the appearance of 1st sar coz i think pplz might be feeling probelm specially waiting for rsi to cross and becomz late ...if rsi also crossed in ur favour then signal is more strong and exit whn both signal trigged to exit....practic this strategy on demo....means enter whn 1st sar appears exit whn both triggers trigged to exit....
Does any one find the 144 MA stoping them from taking really good signals?
i basically only do buys when the rsi crosses the 10MA and is above the 144MA and psar indicates a buy. for sells i wait for rsi to cross 10MA below the 144MA and psar indicates a sell. is this the right way of using the system with 144MA
Does any one find the 144 MA stoping them from taking really good signals?
i basically only do buys when the rsi crosses the 10MA and is above the 144MA and psar indicates a buy. for sells i wait for rsi to cross 10MA below the 144MA and psar indicates a sell. is this the right way of using the system with 144MA
Does any one find the 144 MA stoping them from taking really good signals?
i basically only do buys when the rsi crosses the 10MA and is above the 144MA and psar indicates a buy. for sells i wait for rsi to cross 10MA below the 144MA and psar indicates a sell. is this the right way of using the system with 144MA
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"Loss and failure are inevitable but misery is optional"
ok, this i just one example, i just want to know would u enter at the crossing of the rsi and the 10MA or would you wait for the rsi and 10ma to move below the 144MA before going into the sell like i did, if you did you would have missed some of pips. the 144MA does help with false signals, i always wait for rsi and 10MA to cross 144MA. Is this the right way of using the system?
ok, this i just one example, i just want to know would u enter at the crossing of the rsi and the 10MA or would you wait for the rsi and 10ma to move below the 144MA before going into the sell like i did, i enterd only at the red circle on the chart coz thats where it crossed 144MA, if you did you would have missed some of pips. the 144MA does help with false signals, i always wait for rsi and 10MA to cross 144MA. Is this the right way of using the system?
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Joined Oct 2007
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Status: Technical Trader
|765 Posts
Im testing this system by MACD 5 , 34 , 1 & Putting MA= 10 in it coz rsi crosses so fast lets c if it works im testing it but not recommending anyways now 2up coming news are comming ...
ok, this i just one example, i just want to know would u enter at the crossing of the rsi and the 10MA or would you wait for the rsi and 10ma to move below the 144MA before going into the sell like i did, i enterd only at the red circle on the chart coz thats where it crossed 144MA, if you did you would have missed some of pips. the 144MA does help with false signals, i always wait for rsi and 10MA to cross 144MA. Is this the right way of using the system?
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I think he want to say when rsi and ma combination crossed ma= 144 down for example and then whenever P-SAR DOTS appears for short enter short i guess...coz he might condisers as a trend means if rsi and ma combination crossed down ma=144 the trend is down so whnever short sar dot appears then enter short and dont enter on long dots...and vice versa for uptrend...? i guess???
thanks for the reply, so how do we use the 144MA in the system?.
coz basically what you just told me now is that we enter a trade as per rules of your 1st post and not consider the 144MA.
thanks for the reply, so how do we use the 144MA in the system?.
coz basically what you just told me now is that we enter a trade as per rules of your 1st post and not consider the 144MA.
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Hammm i think batter to test it ....maybe MA=144 Works as a trend counter....i cannot say yet about its addition coz i didnt test it ....anyways with in few days after testing it i can say something about it...
ok, this i just one example, i just want to know would u enter at the crossing of the rsi and the 10MA or would you wait for the rsi and 10ma to move below the 144MA before going into the sell like i did, i enterd only at the red circle on the chart coz thats where it crossed 144MA, if you did you would have missed some of pips. the 144MA does help with false signals, i always wait for rsi and 10MA to cross 144MA. Is this the right way of using the system?
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The 144 is not original in the system i had added it for personal issues...
because it could avoid you from whipsaws, it could stop there and turn so you have to pay more attention to this level... so below higher probability short above higher probability long... thats doesn't mean that a short above cannot be profitable enough, but they key of this method is to grab x-times 3-5 pips out of the market not to trade it the whole day... like a swing trading method...
otherwise, watch also the 50 level from the rsi and the 70 and the 30 for overbought and oversold
The 144 is not original in the system i had added it for personal issues...
because it could avoid you from whipsaws, it could stop there and turn so you have to pay more attention to this level... so below higher probability short above higher probability long... thats doesn't mean that a short above cannot be profitable enough, but they key of this method is to grab x-times 3-5 pips out of the market not to trade it the whole day... like a swing trading method...
otherwise, watch also the 50 level from the rsi and the 70 and the 30 for overbought and oversold
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Thanks for the advice Iqtrading, the 144 MA did stop me from entering some bad trades. will practice more with it and see how it goes.
Im testing this system by MACD 5 , 34 , 1 & Putting MA= 10 in it coz rsi crosses so fast lets c if it works im testing it but not recommending anyways now 2up coming news are comming ...
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Hey, we got the same idea!
But the problem is, I don't know the ideal setup for the MACD...
Maybe I should try your
I think ur idea of ma= 144 is not bad but im now testing this strategy now and its seems to me really very good also to avoide from false signals....check it...im just testing it now not confirmed it yet see settings as!!!
PSAR = 0.1 , 0.11
MACD = 5 , 34 , 1 + Put MA = 10 in it al put MA= 80 In it....so it looks like as ...
MACD = 5 , 34 ,1 + MA = 10 + MA = 80
We may use MA = 80 as our trend counter...
enter long only when both lines of MACD & MA = 10 Crossed each & also MA = 80 Up & P-SAR Dots appears below ....and in uptrend enter long only in long P-SAR Dots also dont enter short in uoptrend by short P-SAR Dots....& Same critaria for Short in downtrend....Lets see how can we avoide from false signals....? Also im just testing it and i think maybe RSI Might be fast to understand thts y i like to use macd,s in its place....im just testing not recommending....
I think ur idea of ma= 144 is not bad but im now testing this strategy now and its seems to me really very good also to avoide from false signals....check it...im just testing it now not confirmed it yet see settings as!!!
PSAR = 0.1 , 0.11
MACD = 5 , 34 , 1 + Put MA = 10 in it al put MA= 80 In it....so it looks like as ...
MACD = 5 , 34 ,1 + MA = 10 + MA = 80
We may use MA = 80 as our trend counter...
enter long only when both lines of MACD & MA = 10 Crossed each & also MA = 80 Up & P-SAR Dots appears below ....and in uptrend enter long only in long P-SAR Dots also dont enter short in uoptrend by short P-SAR Dots....& Same critaria for Short in downtrend....Lets see how can we avoide from false signals....? Also im just testing it and i think maybe RSI Might be fast to understand thts y i like to use macd,s in its place....im just testing not recommending....
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"Loss and failure are inevitable but misery is optional"
Thanks. There are so many MACD indicators/combos that it would be nice if you would post your template. Thanks again.
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Hey Its also working nice with Rsi ....Almost same dont confuse with MACD Now if u dont have it temple...
try to use same RSI= 21 + MA = 10 + MA =80 in it....try to test it according to wht i said in my last post....
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Joined Oct 2007
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Status: Technical Trader
|765 Posts
EVen MA= 80 is batter working with RSI = 21 & MA = 10 as compared to MACD .....i just said im testing it not confirmed yet....
Try to test the addintion of MA= 80 in like....
RSI = 21 + MA= 10 + MA = 80
do wht i said in my last posts....
