Can someone create an arrow indicator on the price chart?
I have not given all the rules yet?
Teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
I have not given all the rules yet?
Teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
When do you enter.
2 ways
1. 15 RSI is in a strong up trend .. break 2 pips over the 100%
2. 15 RSI is not in a stronge up trend ... must close 2 pips over the 100%
TEB
2 ways
1. 15 RSI is in a strong up trend .. break 2 pips over the 100%
2. 15 RSI is not in a stronge up trend ... must close 2 pips over the 100%
TEB
- Joined Jan 2007 | Status: Member | 5,864 Posts
hard night
Eur/usd 1 win 1 loss and 1 that looks like it is going to loss.
but 2 wins on the Eur/Jpy
Eur/jpy
Eur/usd
I am done for the night
TEB
Eur/usd 1 win 1 loss and 1 that looks like it is going to loss.
but 2 wins on the Eur/Jpy
Eur/jpy
Eur/usd
I am done for the night
TEB
- Joined Jan 2007 | Status: Member | 5,864 Posts
Thanks Teb, what values are you using for your fib tool targets?
0% is SL
100% is enter ( Break)
200% is 1st targer
300% is 2nd targer
Cheers
TEB
- Joined Jan 2007 | Status: Member | 5,864 Posts
Hi TEB,
Thanks for posting your system here- looks excellent
If I have understood your rules:
1) The RSI 15 gives us a possibility of a trade
2) The RSI 3 gives us warning a trade is potentially on
3) A Breakout of a previous high for a buy and a previous low for a sell gives us the trading signal to act on
Am I on the right track?
In terms of a SL and TP how do you feel about fixed stops and targets eg 10/20 pips?
Hope you can help
Kind regards
Mark
yes I think so
SL & TP smaller try them out & see what happens
but the system is really based on the 1.2.3 break and so
the SL & TP are also based on them cheers
TEB
- Joined Jan 2007 | Status: Member | 5,864 Posts
Am I correct in thinking the trade shown in the Exit post would have been stopped out as the stop loss is hit before the first target?
Andy
Teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
I understand that, but the initial stop loss appears to have been hit before the first target was hit?
The trade looks like it would have been opened around 9.45 and stopped out sta 10am?
Thanks
Andy
you are right
The 0% should be the a little in lower on the dip
where the trade would be taken out is where the "0" fibb (SL) should be
The Fibbs got moved
Sorry
I was showing the exits rules ...
sloppy on the entery
cheers
Teb
- Joined Jan 2007 | Status: Member | 5,864 Posts
a few other things
1. you can see big tails on the min. chart
but only use them if they are really big like in the red box here.
2. keep an eye on the "00" & the "50" on the chart
you may use them as targets & SL if they are close to the fibbs
they are price stoppers & price pullers.
(again see the red box)
cut the risk & use them if they are close
cheers
TEB
- Joined Jan 2007 | Status: Member | 5,864 Posts
Hi,
Here's an example trade from this morning on GU which was profitable
Mark
Good stuff Mark
if it will work with that pair it will work with any pair!!!
TEB