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Momentum and StochRSI system

  • #181
  • Nov 10, 2008 6:17am Nov 10, 2008 6:17am
HI FRIEND...
i really like ur post on here.... i guess i am a great loser here...i have been trading forex ful time and i havent made any profit...i just resigned from my work which tend to be hell stressful.and i have been depositing into my forex account but always loosing...i have read alot of ebooks bought alot of custom strategy..and all that, i read trends..but late they wont go samething same day...could u please help me with a strategy or indicators that works well at least 60%, so that i can also be making profit and not lose....i am about to go broke.... pls feel free to email me at [email protected]

GOD BLESS U!
  • #182
  • Nov 10, 2008 9:04am Nov 10, 2008 9:04am
Quoting tim94
5ysfx tell me what is the story of the third indicatorb on chart? I added as second attachment beside .tpl. So at first eye, it seems that green and red colors should be reversed. Tell us some more.
i dont know how to use it in "regular form"
i had to setup properly to fit my demand
  • #183
  • Nov 10, 2008 9:42am Nov 10, 2008 9:42am
m15 is very bearish
h1 stochs and moms are sitting on ema20 support
h4 nice heikn-ashi red candle
TP open but will cover shorts in 100 pips step.
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  • #184
  • Edited Nov 11, 2008 3:51am Nov 10, 2008 12:57pm | Edited Nov 11, 2008 3:51am
I wonder what's the difference when StochRSI bounce from 20EMA and goes down bearish or between when it bounce and then again it crosses the 20EMA and goes bullish or vice-versa.
Does all depend on where Mom is? Or is catch in Trend/ trend reversed?

Wich timeframe sets a trigger for you? Is in 15m?

are you always watching from 1m till 1daily?

Thanks
  • #185
  • Nov 11, 2008 4:32am Nov 11, 2008 4:32am
Where will it go: to R1, Fibo161.8 =155,75 or to S1, Fibo261,8 =150,32 ???

This is the question...
Attached Image (click to enlarge)
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  • #186
  • Nov 11, 2008 9:59am Nov 11, 2008 9:59am
Quoting tim94
Where will it go: to R1, Fibo161.8 =155,75 or to S1, Fibo261,8 =150,32 ???

This is the question...
im trying here SL is 14980

m30 momentum divergence
h1 possible bear zone rejection

m1 momentum div was a trigger(but i should wait for m5 divergence)

i like to catch bottom so do not follow me
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  • #187
  • Nov 11, 2008 10:14am Nov 11, 2008 10:14am
Quoting 5ysfx
im trying here SL is 14980

m30 momentum divergence
h1 possible bear zone rejection

m1 momentum div was a trigger(but i should wait for m5 divergence)

i like to catch bottom so do not follow me
Bottoms are complex

maybe 423.6% will be good support for a while ?
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  • #188
  • Nov 11, 2008 12:40pm Nov 11, 2008 12:40pm
Quoting 5ysfx
Bottoms are complex

maybe 423.6% will be good support for a while ?

did works

once again

m5 and m30 momentum ema20 support
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  • #189
  • Nov 11, 2008 1:07pm Nov 11, 2008 1:07pm
did works as hell



inverted H&S on m1
m5 turn to bullish
m15 is turning to bullish slowly
m30 mom's ema20 support
h1 double bottom fals breakout
h4 LTL of the channel false breakout but moms and stochs remain little bearish.

SL on BE and let see how far we can go
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  • #190
  • Nov 11, 2008 2:26pm Nov 11, 2008 2:26pm
That one earlier was full of pips. Do you must always watch untill the last sec. or you see some other signs yet before? Like the last bearish. I didn't see it comming till last minute, for me it could headed bullish.

Do you see it in Mom's strenght? EMA's supports are real strong factors?

sometimes is bear zone rejections and goes bearish then, there's time when goes bullish.?!
  • #191
  • Nov 11, 2008 3:18pm Nov 11, 2008 3:18pm
I went rereading your thread and found some answers. It's not an easy system and slooowly getting used to those signals.

I appreciate your efford putting some sence into charts.
Attached Image (click to enlarge)
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  • #192
  • Nov 12, 2008 12:11pm Nov 12, 2008 12:11pm
I will remember today 12.11.2008 for the rest of my life...probably. Today I, with your help 5ysfx, earned 700 pips( from several pairs).
THANK YOU

Without your system I would earn something and then lost it again. Who is patienced will be rewarded.

I still can not believe. Hope to keep my sences and to not get gridy.

But there is so much to be learned, so 5ysfx put some wisdom in our heads.
Thanks, can't wait to read your post...
  • #193
  • Nov 14, 2008 5:23am Nov 14, 2008 5:23am
5ysfx, Hope you didn't leave forever...I miss your posts

I wonder,to anyone out there, is there a custom indicator for Gann grid?

I was googling it around and seems that there is none.Has anyone try to construct it? How can one do it in MT4?

Some suggestions and links on that matter would be appreciated.
  • #194
  • Nov 16, 2008 8:03pm Nov 16, 2008 8:03pm
Quoting tim94
5ysfx, Hope you didn't leave forever...I miss your posts

I wonder,to anyone out there, is there a custom indicator for Gann grid?

I was googling it around and seems that there is none.Has anyone try to construct it? How can one do it in MT4?

Some suggestions and links on that matter would be appreciated.
In MT4 click insert and you will see gann tools
  • #195
  • Edited 2:41am Nov 17, 2008 2:11am | Edited 2:41am
Quoting gailbros
HI FRIEND......
you may find it funny but i started making some good trades when i changed my attitude from being dependent on successful trade to not being so.
To make it happen i took up a day job and started trades with very small lots which never scared me even when they went against me by 2000
it made me overcome my fears. Earlier i messed 90% of trades due to fear of losing
  • #196
  • Nov 17, 2008 2:37am Nov 17, 2008 2:37am
Hello friends

Im back online. Forgive me my absence here I had got internet connection issue with my provider.Now should be OK.

Back to the bussiness


looks like daily reversal
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  • #197
  • Nov 17, 2008 2:54am Nov 17, 2008 2:54am
Quoting tim94
I went rereading your thread and found some answers. It's not an easy system and slooowly getting used to those signals.

I appreciate your efford putting some sence into charts.
this is very good system and once you get the feel of the things then perhaps you see the light at the end of the tunnel
  • #198
  • Nov 17, 2008 12:28pm Nov 17, 2008 12:28pm
Welcome back 5ysfx ...

Have a Q:
When rejection of StochRSI at borders(bull or bear) comes, what decides where it would go - or will it rejects again or will it go through. Is it Momentum, pozitive or negative? Is it degree of Mom's slope that shows it?

I noticed you use more than one TF to decide the move, depends on situation
2nd Q:
What TF to choose if there's one(5m) heading bearish and the other(15m) bullish. Do you watch the next bigger TF?

Thanks For your effort
  • #199
  • Nov 17, 2008 8:38pm Nov 17, 2008 8:38pm
Quoting tim94
Welcome back 5ysfx ...

Have a Q:
When rejection of StochRSI at borders(bull or bear) comes, what decides where it would go - or will it rejects again or will it go through. Is it Momentum, pozitive or negative? Is it degree of Mom's slope that shows it?

I noticed you use more than one TF to decide the move, depends on situation
2nd Q:
What TF to choose if there's one(5m) heading bearish and the other(15m) bullish. Do you watch the next bigger TF?

Thanks For your effort
Speaking for myself, for scalps m30 is deciding the state of the present trend with the help of where stoch is and mom's angle. then i go to m5 or even smaller and try entering at the bottom or top for the best entry.

perhaps 5ys will come back and tell whenever he gets time
  • #200
  • Nov 18, 2008 2:46am Nov 18, 2008 2:46am
Quoting tim94
Welcome back 5ysfx ...

Have a Q:
When rejection of StochRSI at borders(bull or bear) comes, what decides where it would go - or will it rejects again or will it go through. Is it Momentum, pozitive or negative? Is it degree of Mom's slope that shows it?

I noticed you use more than one TF to decide the move, depends on situation
2nd Q:
What TF to choose if there's one(5m) heading bearish and the other(15m) bullish. Do you watch the next bigger TF?

Thanks For your effort

Bigger TFs such 1H and up decide who rule the market bulls or bears so all TFs are important the same way.
m15 gives reliable signal of changing the intraday trend(it could last form 2h to 8h ever or this smal trend could extend to bigger move even)

m5 and m1 im using only for accuracy to pick bottoms/tops or quick scalp for 50 pips.


When rejections occur i lookin for support/resistance zone in emas/fibo/TLs and yes rising momentum means rejection is very possible there but this is not working all the time so we have to use SL everytime for our safety.

I hope this helps

i will show a few examples later.
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