Momentum and StochRSI system | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Can someone recode my StochRSI indicator please 0 replies

StochRSI alerts 0 replies

Can anyone make this stochRSI indicator a multi time frame? 3 replies

StochRSI and ADX 1 reply

Momentum System-Help Please 0 replies

Attachments: Momentum and StochRSI system
Exit Attachments

Momentum and StochRSI system

  • #121
  • Edited 9:10am Oct 30, 2008 8:52am | Edited 9:10am
hope they explain it a bit
in the first image the mom30 above zero line corresponds exactly with the cross over of the MAs of MACD30

For me it is like this -----> when the (yellow) sma3 crosses down brown wma21 it is a correction for me provided the mom 30 is above zero . If it goes down the zero line it is a short trend for me.

After seeing you trade today I feel that Stoch RSI together with macd and mom30/40 can be great package for scalping against the trend which otherwise has bruised me in past badly
Tryin to be of some use
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ff3.jpg Size: 124 KB
Click to Enlarge Name: f4.jpg Size: 117 KB
  • #122
  • Edited 12:10pm Oct 30, 2008 11:42am | Edited 12:10pm
Quoting 5ysfx
last one chart before i leave

We have perfect setup for 160 level
- daily ema 14 and h1 ema 55
-161.8% FE of last rise mean correction move
- LTL of the channel
-m15 stoch bounce off ema 20 resistance
-m30 bearish momentum and stoch divergence
-H1 stoch's is passing ema 20
-H3 need a rest


Just beautifull setup

will be back later my SL is placed at 16450

Couldnt be me more beautifull day

great TP has been hit that is awesome

Closed shorts from UTL to LTL just 500 pips today so far

Long from H1 ema 55 15850

LTL of the channel
major support for bulls stoch at bullzone border and momentum at ema 100
TP is ~170
Attached Image (click to enlarge)
Click to Enlarge Name: 8.jpg Size: 122 KB
  • #123
  • Oct 30, 2008 12:08pm Oct 30, 2008 12:08pm
valid long signal on m5 and m15

m5 after two bearzone rejction stoch droped to bearzone area.Now just left causing m15 ema 20 cross. That is easy

now momentum must find support at ema 20 on m5

H3 retracement to 161.8% and bounce off confirmed target 261.8% (yellow fibo)
which is located near of major UTL of the downtrend and is 161.8% of current correction (blue fibo)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9.jpg Size: 133 KB
Click to Enlarge Name: 11.jpg Size: 127 KB
Click to Enlarge Name: 10.jpg Size: 133 KB
  • #124
  • Oct 30, 2008 12:39pm Oct 30, 2008 12:39pm
clasic bullfag on m5

momentum found support at ema 20
but price is retracting

easy money
Attached Image (click to enlarge)
Click to Enlarge Name: 12.jpg Size: 123 KB
  • #125
  • Oct 30, 2008 1:52pm Oct 30, 2008 1:52pm
ppl took profits just like i did at 161.8% of last correction move

m1 bearzone rejection next TP is 261.8% = 163.5-164
Attached Image (click to enlarge)
Click to Enlarge Name: 14.jpg Size: 116 KB
  • #126
  • Oct 30, 2008 3:35pm Oct 30, 2008 3:35pm
Do u remember when i told u about H3 ema 14 very powerfull support/resistance ?

So take a look closely

Big demand at 3H ema 14 - longed wick candle and momentum rise indicate this.

Short will be safe only when candle close below ema 14.

With this momentum we can break red UTL of the downtrend and hit second TL (green)
Daily momentum stucked a little at ema 20 but stoch left bearzone already.
We have 4 bullish heikin-ashi candle since july !!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16.jpg Size: 129 KB
Click to Enlarge Name: 17.jpg Size: 125 KB
  • #127
  • Edited 4:41pm Oct 30, 2008 4:12pm | Edited 4:41pm
Quoting Norte
Honestly.. i still confuse.., how to get clear direction to start Entry BUY/SELL, could you make it simple please..?




well I gues I have to read a lot.. babypips..
please read babypips
after u will be known all about gann, fibonnaci, eliot wave, price action, candlestick patterns u can read my thread and will be all clear for u

cheers and wish u alot of patience
  • #128
  • Oct 30, 2008 4:44pm Oct 30, 2008 4:44pm
something is smell fishy to me
m5 is about to drop but i do not follow better buy dips

always remember to protect ur profits.
Attached Image (click to enlarge)
Click to Enlarge Name: 18.jpg Size: 127 KB
  • #129
  • Oct 30, 2008 4:44pm Oct 30, 2008 4:44pm
Sorry if this question has previously been answered but I couldn't find any reference to it in the thread.
I downloaded the template onto my MT4 platform:



But my RSI-Stoch indicator is not matching yours in any time frame I try.
Yours show an RSI of 65. The template is at 21. Changing it to 65 doesn't show the 25/75 channel as shown on your charts.

On mine, either the 25 shows, or the 75, but never both no matter what time frame I change to.
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 183 KB
  • #130
  • Oct 30, 2008 4:53pm Oct 30, 2008 4:53pm
Quoting 5ysfx
please read babypips
after u will be known all about gann, fibonnaci, eliot wave, price action, candlestick patterns u can read my thread and will be all clear for u

cheers and wish u alot of patience
Im in their high shool


divergerence trading is their last stage
peeped in at the door
http://www.babypips.com/school/divergence_trading.html





Quote
But my RSI-Stoch indicator is not matching yours in any time frame I try.
which live feed do you use?
  • #131
  • Oct 30, 2008 4:54pm Oct 30, 2008 4:54pm
Quoting Flamenco143
Sorry if this question has previously been answered but I couldn't find any reference to it in the thread.
I downloaded the template onto my MT4 platform:



But my RSI-Stoch indicator is not matching yours in any time frame I try.
Yours show an RSI of 65. The template is at 21. Changing it to 65 doesn't show the 25/75 channel as shown on your charts.

On mine, either the 25 shows, or the 75, but never both no matter what time frame I change to.
sorry i cant help u in this matter

Im not using MT and im not a software engineer either.

We need help of arezab he has created this template.
My suggestion is maybe will better to use stochastich instead of RSI ?
  • #132
  • Oct 30, 2008 5:06pm Oct 30, 2008 5:06pm
Quoting 5ysfx
something is smell fishy to me
m5 is about to drop but i do not follow better buy dips

always remember to protect ur profits.
Mentioned earlier 161.8% level hasnt been broken after second try thus price must retract to gather more speed and more buyers in lowers levels (such as me)

waiting for long signal on m1 realese(breakout of bearzone) and possible m5 rejection
Attached Image (click to enlarge)
Click to Enlarge Name: 20.jpg Size: 135 KB
  • #133
  • Oct 30, 2008 6:10pm Oct 30, 2008 6:10pm
Quoting 5ysfx
Mentioned earlier 161.8% level hasnt been broken after second try thus price must retract to gather more speed and more buyers in lowers levels (such as me)

waiting for long signal on m1 realese(breakout of bearzone) and possible m5 rejection
m5 rejection


possible TPs and channel
bulls still in play
Attached Image (click to enlarge)
Click to Enlarge Name: 24.jpg Size: 137 KB
  • #134
  • Oct 30, 2008 6:36pm Oct 30, 2008 6:36pm
Quoting 5ysfx
m5 rejection


possible TPs and channel
bulls still in play
first attempt to breakout a flag has failed

m5 bullzone rejection
m5 in bearzone but without momentum thus could be second attempt to push higher
Attached Image (click to enlarge)
Click to Enlarge Name: 27.jpg Size: 133 KB
  • #135
  • Oct 31, 2008 5:22am Oct 31, 2008 5:22am
Quoting 5ysfx
something is smell fishy to me
m5 is about to drop but i do not follow better buy dips

always remember to protect ur profits.

Good morning

better to follow instead to be biased
m5 generated nice signal for 500 pips drop.


new setup

h3 bullish -momentum still above ema 20
h1 possible bearzone rejection otherwise bears come back to the market
m30 bearish
m15 bearish
m5 is trying to reverse to upside with rising momentum


I bought here because small risk

TL will hod or not if not then im short

good luck
Attached Image (click to enlarge)
Click to Enlarge Name: 28.jpg Size: 134 KB
  • #136
  • Oct 31, 2008 6:12am Oct 31, 2008 6:12am
Quoting 5ysfx
Good morning

better to follow instead to be biased
m5 generated nice signal for 500 pips drop.


new setup

h3 bullish -momentum still above ema 20
h1 possible bearzone rejection otherwise bears come back to the market
m30 bearish
m15 bearish
m5 is trying to reverse to upside with rising momentum


I bought here because small risk

TL will hod or not if not then im short

good luck

m5 is doing great momentum is rising almost verticaly stoch in bullzone
m15 is genereting long signal
m30 i trying to reverse
h1 couldbe bounce off bearzone border.
h3 remains bullish

fibo calculated possible TPs are 169-170=161.8% if this level will be broken then 17750=261.8% of current correction (white fibo).
If LTL wont hold then next bear target is 151 area

took some profit and moved SL to BE

If u wanna live long in this market always take partial profit.

Good luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30.jpg Size: 139 KB
Click to Enlarge Name: 31.jpg Size: 138 KB
Click to Enlarge Name: 32.jpg Size: 142 KB
Click to Enlarge Name: 34.jpg Size: 135 KB
  • #137
  • Oct 31, 2008 9:12am Oct 31, 2008 9:12am
So far so good...

LONG signal confirmed on H3 and H1

cyan line will be broken according to H3's momentum and H1's bear zone rejection


lock ur profits and follow ema 14 on 15 min chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 37.jpg Size: 122 KB
Click to Enlarge Name: 38.jpg Size: 129 KB
  • #138
  • Oct 31, 2008 10:25am Oct 31, 2008 10:25am
took partial profit at cyan line

m15 possible bullzone rejection

moved SL for all longs to 15850
Attached Image (click to enlarge)
Click to Enlarge Name: 44.jpg Size: 134 KB
  • #139
  • Oct 31, 2008 12:05pm Oct 31, 2008 12:05pm
The templete posted in the begining has RSI instead of StochRSI. What are your settings for StochRSI?
  • #140
  • Oct 31, 2008 12:25pm Oct 31, 2008 12:25pm
Quoting 5ysfx
took partial profit at cyan line

m15 possible bullzone rejection

moved SL for all longs to 15850
m15 bullzone entrance granted

take a look at h3 momentum is making new high but price still below previous top 165.This mean we will see double top at least.

but still cyan line must be taken out before show will begin

Take a notice that momentum is highest since august !!!
Attached Image (click to enlarge)
Click to Enlarge Name: 48.jpg Size: 118 KB
1 trader viewing now