Dislikedvimel,
My main sistem is completely based on Imran system, because I'm one of his follower. I do combination with Philip Nell sistem (5 minutes Intraday Trading & 4 hr MACD), because I fell it's suitable & works for me. I remove stochs as per Imran ever mention in this thread. I use 'pivot' indicator instead of 'Pivot Point'. By pivot, you can get and see High/Low Intraday Trend Level easily. I change setting for BB & MACD so that it's easier for me to apply Philip Nell system for confirmation of my entry.
Here is summary of indicator in my Chart. All indicator are in this thread.
Main Chart :
1. QQAlert v.3
2. EMA 60 & EMA 200 (HLC/3)
3. pivots
4. BB (21,2,close)
Indicator Window1
1. Laguerre 1Alert (0.6)
2. Laguerre 2Alert (0.8)
Indicator Window2
1. MACD (7,14,1, close)
I set my monitor to open 3 TF together. The wider one for TF 5M and the smaller ones for 1M & 15M (sometimes I use 30M & 1H). For wider screen, I use all indicator above, but for smaller ones, I only use EMA 60 & 200, BB & Laguerre2A. For 1M, lags set to 0.5 & 0.7. For 15M setting is same as 5M.
From my less experience in GJ pair, I found that usually there will be a big retracement/bounce if the prices meet High/Low intraday trend level. It look like a very2 strong S&R for GJ instead of Pivot level itself.
By using mid BB, EMA 60 & EMA200, I can apply 5 minutes Intraday Trading System (Philip Nell). Give me a better entry, esspecially in the middle of a trend.
With MACD set as above, I fell I can get better Lag confirmation with MACD pattern recognation (applying 4 hr MACD Strategy, Philip Nell).
All EA will remind me for more attention on monitor as I fell very hard to watch for it for a long long time. While there is an alert by EA, I will confirm my step with other indicator and sistems. If all are agree, then I'll take an entry. If they are not agree, then It's better wait and see.
Hope it can help and work for you too.
Happy pipping........
HaiIgnored
what is your "pivot" indicator? Is not same as "pivot point"?
can you share you pivot indicator?