Hello everyone, i decided to post this trading system that i finally stuck to for better for worse, i have sat on the fence just watching all this while and i did learnt alot from you guys, some of the traders on this forum have developed there knowledge base on trading that i just cant stop to think and ponder. enough said.... frodo,s prescription.
I,M NOT CLAIMING THAT THIS SYSTEM IS NOT THE BOOM, SO PLS CRITISIZE IT AND GIVE SUGGESTIONS WHERE NEEDED.
the sytem is just a simple set up of-
INDICATORS
snake............5 red.
t3-clean..........8,0,0.618 green.
adx .................1,3. [adx - red, adx + green]
adx 1 and 2 are opened in seperate windows.
TIME FRAMES
5 min - 4hr charts.
LONG= enter buy trades if snakes[GREEN] creeps over the T3-clean[RED] and adx,s +D1[GREEN] crosses over -D1 [RED], use the 5 min chart for confirmation, this crossover must also be happenong in both the higher time frames and the lower time frames.[1HR and 4HR CHART]
however your take profit will depend on how much you are willin to take.
as for me i go for between 21-50 pips when trading the gby/jpy or eur/jpy.. as for me i take
SHORT= enter sell trades if T3-clean[RED] crosses over the snake[GREEN] indicator and adx,s -D1[RED] crosses over +D1[GREEN] also use the 5 min crossover of T3-clean over snake to enter, the 5 min serves as a confirmation that you are giong towards the same direction of the 1hr or 4hr charts.
Due to the ability of this system to give you more pips if you are in the right direction, yoi will have to be there when this crossovers happen, coming in late will either mean you are buyin when it is overbougth, or selling when it has over sold.
foe thosr who scalp, you will find the 1min- 15min chart useful only if you always take a peek at the 1hr-4hr chart, when you trade in the direction of the higher time frames you will EASILY take you profits.
HOWEVER THE FONAL NOTE IS HAVE A DEFINATE REALISTIC AMOUNT YOU WANT TO MAKE PER DAY, GET OUT, I SAID GET OUT AS SOON AS YOU MAKE IT OR YOU,LL DONATE IT BACJ, EVEN MORE THAT YOU TOOK EARLIER ON.
i hope someone out there will see something that i might have missed and chip it in so we all could still learn from each other.
I,M NOT CLAIMING THAT THIS SYSTEM IS NOT THE BOOM, SO PLS CRITISIZE IT AND GIVE SUGGESTIONS WHERE NEEDED.
the sytem is just a simple set up of-
INDICATORS
snake............5 red.
t3-clean..........8,0,0.618 green.
adx .................1,3. [adx - red, adx + green]
adx 1 and 2 are opened in seperate windows.
TIME FRAMES
5 min - 4hr charts.
LONG= enter buy trades if snakes[GREEN] creeps over the T3-clean[RED] and adx,s +D1[GREEN] crosses over -D1 [RED], use the 5 min chart for confirmation, this crossover must also be happenong in both the higher time frames and the lower time frames.[1HR and 4HR CHART]
however your take profit will depend on how much you are willin to take.
as for me i go for between 21-50 pips when trading the gby/jpy or eur/jpy.. as for me i take
SHORT= enter sell trades if T3-clean[RED] crosses over the snake[GREEN] indicator and adx,s -D1[RED] crosses over +D1[GREEN] also use the 5 min crossover of T3-clean over snake to enter, the 5 min serves as a confirmation that you are giong towards the same direction of the 1hr or 4hr charts.
Due to the ability of this system to give you more pips if you are in the right direction, yoi will have to be there when this crossovers happen, coming in late will either mean you are buyin when it is overbougth, or selling when it has over sold.
foe thosr who scalp, you will find the 1min- 15min chart useful only if you always take a peek at the 1hr-4hr chart, when you trade in the direction of the higher time frames you will EASILY take you profits.
HOWEVER THE FONAL NOTE IS HAVE A DEFINATE REALISTIC AMOUNT YOU WANT TO MAKE PER DAY, GET OUT, I SAID GET OUT AS SOON AS YOU MAKE IT OR YOU,LL DONATE IT BACJ, EVEN MORE THAT YOU TOOK EARLIER ON.
i hope someone out there will see something that i might have missed and chip it in so we all could still learn from each other.
