Dislikedmaihua,
Can you post that RSI indicator you have on yor chart? Looks interesting.
Thanks,
bagIgnored
I believe it's the RSI-TC.
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Dislikedmaihua,
Can you post that RSI indicator you have on yor chart? Looks interesting.
Thanks,
bagIgnored
DislikedOk... Although I never really mentioned it before, I'm a big fan of multiple time frames. What I mean by that is looking for two (or more) time frames telling the same story. The problem I encountered was which time frames to use.
Like I stated before, I am a sponge for knowlege. So I'm always reading up and experimenting with different things related to Forex. Well recently I stumbled upon a great system here on F.F. By a member called "TEB". I must give him credit as I learned from him which time frames work best together... And that would be the 4hr and 30 min. You may also check with the daily real quick, but its not as vital.
Now I haven't dialed it in with my system completely yet, so I figured I'd throw it out there now and we can work it out together.
So my basic thoughts are this... Load your chart with my regular indicators... 5/12 EMA, 21 RSI and any other indicators I introduced that you find helpful ie. 8/8 ma,RSI. Go out to the daily just to get an overall feel... See if the indicators are showing an up or down trend... Just make a mental note but dont base any decisions on it... I will mention how it can help later.
Now, Go to the 4hr and see what it says... Long or short? Lets say its telling us long/uptrend... No go directly to the 30 min and take only the long signals off that chart!!! RESULTS ARE AMAZING!!!!! Now how to use the daily... If daily is showing up, 4 hr up, and you take a long on the 30min you are looking at a super strong trade in your direction. Now if the daily disagrees with the 4hr and 30min, still take the trade, but watch it more closely.
If you go back on your charts and review how the trades would have worked out based on these rules, THE RESULTS ARE STAGGERING
I dont want to make any claims of a winning percentage because people seem to get upset with me when I do that, but do the math for yourself!
You will see yourself not taking the false signals and taking a very high percentage of winning trades. Not only that, but you will have a much higher degree of confidence in your trading decision.
Ok... Thats enuff for now. Please give this a shot and post your findings here as well as your comments.
Thanks,
BagovinoIgnored
DislikedOk... Although I never really mentioned it before, I'm a big fan of multiple time frames. What I mean by that is looking for two (or more) time frames telling the same story. The problem I encountered was which time frames to use.
Like I stated before, I am a sponge for knowlege. So I'm always reading up and experimenting with different things related to Forex. Well recently I stumbled upon a great system here on F.F. By a member called "TEB". I must give him credit as I learned from him which time frames work best together... And that would be the 4hr and 30 min. You may also check with the daily real quick, but its not as vital.
Now I haven't dialed it in with my system completely yet, so I figured I'd throw it out there now and we can work it out together.
So my basic thoughts are this... Load your chart with my regular indicators... 5/12 EMA, 21 RSI and any other indicators I introduced that you find helpful ie. 8/8 ma,RSI. Go out to the daily just to get an overall feel... See if the indicators are showing an up or down trend... Just make a mental note but dont base any decisions on it... I will mention how it can help later.
Now, Go to the 4hr and see what it says... Long or short? Lets say its telling us long/uptrend... No go directly to the 30 min and take only the long signals off that chart!!! RESULTS ARE AMAZING!!!!! Now how to use the daily... If daily is showing up, 4 hr up, and you take a long on the 30min you are looking at a super strong trade in your direction. Now if the daily disagrees with the 4hr and 30min, still take the trade, but watch it more closely.
If you go back on your charts and review how the trades would have worked out based on these rules, THE RESULTS ARE STAGGERING
I dont want to make any claims of a winning percentage because people seem to get upset with me when I do that, but do the math for yourself!
You will see yourself not taking the false signals and taking a very high percentage of winning trades. Not only that, but you will have a much higher degree of confidence in your trading decision.
Ok... Thats enuff for now. Please give this a shot and post your findings here as well as your comments.
Thanks,
BagovinoIgnored
DislikedNow, Go to the 4hr and see what it says... Long or short? Lets say its telling us long/uptrend... No go directly to the 30 min and take only the long signals off that chart!!! RESULTS ARE AMAZING!!!!! Now how to use the daily... If daily is showing up, 4 hr up, and you take a long on the 30min you are looking at a super strong trade in your direction. Now if the daily disagrees with the 4hr and 30min, still take the trade, but watch it more closely.
If you go back on your charts and review how the trades would have worked out based on these rules, THE RESULTS ARE STAGGERING
BagovinoIgnored
DislikedThanks for the support guys!!!!
Luqmanz... Can you elaborate on how your successful friend trades???
Thanks,
B.Ignored
DislikedRorieu..
What I believe you will experience is several signals triggering using this combo on a 15 min TF.
However, unless you are willing to use one of Rob Booker's methods..ie.. immediately move your stop to BE after 10 pips movement or cash out with 10 or so pips, you will most likely observe a cross back the other direction on a rather consistent basis in a fairly short time period.
I have found that using a 30 min TF with the 15Min TF for entry works best for me using the Bagavino.Ignored
Dislikednot to get off of the bago method..........but take a look at @%&*!$^+$^? if you want the real deal in paid services!!! that man is incredible!!! conservative and repeatable!! he hides nothingIgnored