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Momentum and StochRSI system

  • #41
  • Oct 27, 2008 4:15pm Oct 27, 2008 4:15pm
Quoting 5ysfx
higher she goes lower she falls

added short at 14524 (m5 ema 204 and m15 momentum ema 20 resistance )
TP has changed to 141 now projected by 261.8% fibo expansion of current correction move
Can you plse post the template for MT4. The one in prv post does not work.
Thnx
  • #42
  • Oct 27, 2008 4:18pm Oct 27, 2008 4:18pm
Quoting at2au
Can you plse post the template for MT4. The one in prv post does not work.
Thnx
template for MT4 has been posted by arezab on first page.
  • #43
  • Oct 27, 2008 5:06pm Oct 27, 2008 5:06pm
wanna send you a PM, got some noob questions i wanna ask.
hope you would have the time.. could I?
Mediocrity is costly, contentment is great gain.
  • #44
  • Oct 27, 2008 5:23pm Oct 27, 2008 5:23pm
added to short at 14630
just little above fibo 61.8% and m15 ema 133 also m5 bullzone rejection



The Watcher pls send email instead thx
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  • #45
  • Oct 27, 2008 6:06pm Oct 27, 2008 6:06pm
m15 strong sell signal
bounce off bullzone border
on m30 same thing

m5 in bearzone already after bullzone rejection

but h1 is bullish that is interesting
momentum way above ema 100
stoch in bullish zone

must be carefull with shorts and watch for 142 level
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  • #46
  • Oct 27, 2008 6:48pm Oct 27, 2008 6:48pm
another scalp signal but i do not follow i have enough open trades

m1 bullzone rejection and bounce off fibo 50% of last wave down
TP for this signal is 14160 161.8% FE
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  • #47
  • Oct 27, 2008 6:57pm Oct 27, 2008 6:57pm
Finally.. you open your own thraed.. this is the opportunity for me as a newbie to learn about your strategy..! great..


Thanks 5ysfx..!
  • #48
  • Oct 27, 2008 7:11pm Oct 27, 2008 7:11pm
Quoting 5ysfx
another scalp signal but i do not follow i have enough open trades

m1 bullzone rejection and bounce off fibo 50% of last wave down
TP for this signal is 14160 161.8% FE
well rejection setup has failed
bulls have been supported at ema 20
but price i still below 61.8% fibo and current wave looks like bear flag so should dive any minute.now.
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  • #49
  • Oct 27, 2008 7:15pm Oct 27, 2008 7:15pm
Quoting Fiesta_id
Finally.. you open your own thraed.. this is the opportunity for me as a newbie to learn about your strategy..! great..


Thanks 5ysfx..!
Enjoy
  • #50
  • Oct 27, 2008 7:51pm Oct 27, 2008 7:51pm
this is the way how i calculate TP if rejection will occur in specific TF.
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  • #51
  • Oct 27, 2008 8:47pm Oct 27, 2008 8:47pm
m1 long signal caused by rejection
after TP will be hit is worth to try short of top around ~14550
there is chance for rejection on m5

anyway i will add to short its worth for me
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  • #52
  • Oct 28, 2008 3:16am Oct 28, 2008 3:16am
Quoting 5ysfx
template for MT4 has been posted by arezab on first page.
Sorry but that template does not open.
Can you plse repost it.

Thnx
  • #53
  • Oct 28, 2008 4:17am Oct 28, 2008 4:17am
Quoting at2au
Sorry but that template does not open.
Can you plse repost it.

Thnx
Here you go ...
Attached File(s)
File Type: tpl 5ysfx.tpl   3 KB | 442 downloads
Discipline + Patience - Fear - Greed = Success
  • #54
  • Oct 28, 2008 4:37am Oct 28, 2008 4:37am
2 Confidence has been achieved by momentum and StochRSI indicators(never lied to me) <--- This one sound like a lie to me if it is not you . You must have fail some how at least one or two times which is ever and not never. In fact you can be losing a lot until today. hehe tell me mate whats up with your trading now?
  • #55
  • Oct 28, 2008 4:53am Oct 28, 2008 4:53am
Quoting 5ysfx
m1 long signal caused by rejection
after TP will be hit is worth to try short of top around ~14550
there is chance for rejection on m5

anyway i will add to short its worth for me
Morning fellas
Its funny how m1 signal could be so strong to generate breakout on m5 m15 m30 and h1. Just one scalp signal but with trail stop could give small 600 pips.

OK
MM has been changed.i will do like lilmoes do

Half TP after 50-100 pips then move SL to BE and wait for another scalp signal
If price will goes above 100 pips of SL then trail SL just a few pips below m1 ema 14. This have to work perfect because signal on m1 have been generating twice an hour sometimes.

Happy trading everyone.
Thank to arezab i wont be biased anymore it just make no sense

PS finally good spread on Oanda

shorted at 14980 for 50 pips first half then trail with ema 14 or BE no stress anymore
signal generated on m1 and possible m5 bullzone rejection
  • #56
  • Oct 28, 2008 4:58am Oct 28, 2008 4:58am
Quoting arthuro
2 Confidence has been achieved by momentum and StochRSI indicators(never lied to me) <--- This one sound like a lie to me if it is not you . You must have fail some how at least one or two times which is ever and not never. In fact you can be losing a lot until today. hehe tell me mate whats up with your trading now?
Those indicators never lied to me but i read wrong signals sometimes and mistery is over .
This setup always show right direction only my mind is biased sometimes thats why i could be wrong many times.

Just check yourself how "rejection" will work if u would like

Enjoy
  • #57
  • Oct 28, 2008 5:11am Oct 28, 2008 5:11am
no money this time

changed to long at 14990 because m1 bearzone rejection
  • #58
  • Oct 28, 2008 5:17am Oct 28, 2008 5:17am
Quoting 5ysfx
no money this time

changed to long at 14990 because m1 bearzone rejection
reversed position at 15010 m1 bullzone rejection again
  • #59
  • Oct 28, 2008 5:44am Oct 28, 2008 5:44am
Quoting 5ysfx
reversed position at 15010 m1 bullzone rejection again
closed +50 half profit and moved SL to BE +10

m1 still in bearish zone and momentum is is rising for bears below ema 20
m5 near bullzone border so there is a chance of bullzone rejection and further dowside pressure.

However we are in bullish trend

m15 m30 and h1 in bullish zone
  • #60
  • Oct 28, 2008 5:56am Oct 28, 2008 5:56am
shorted at 14960

m1 bearishzone border resistance and ema 20 break to downside this should mean bearish move confirmation.and m5 bullzone rejection
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