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RSI Bollingers +divergence 15 Min

  • #21
  • Apr 6, 2009 1:43am Apr 6, 2009 1:43am
Hi! How to filter and take trades? I see in your chart many crosses in center boll that i could open a trade.
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  • #22
  • Apr 6, 2009 2:08am Apr 6, 2009 2:08am
note how the

RSI did cross its center boll

and the 14 EMA turned up slightly.

i did not take this trade because of reasons given earlier. which were valid at time of post.

however those who did take it would not have lost. they would make a small profit or break-even.
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  • #23
  • Apr 6, 2009 2:15am Apr 6, 2009 2:15am
Quoting Hyglater
Hi! How to filter and take trades? I see in your chart many crosses in center boll that i could open a trade.
hyglater

in this system we enter only after the first RSI BOLL crossing after the divergence signal that fulfils the conditions.

a.divergence
b. 14 ema in favor,
c. 160 ema in favor

there are many ways to trade like i keep saying. but this system uses the 160 EMA and 14 EMA as filters.

close 80 % after first two candles OR RSI recrosses center Boll.
leave 20% to run with 14 EMA

wait for next divergence signal.

you could take the trades you refer to,if you feelt they were good, but that is not this system.

peace

bill
  • #24
  • Apr 6, 2009 2:18am Apr 6, 2009 2:18am
in my earlier post i said that there were other divergences,

but the beauty of this system is that you do not have to go after every single pip.

you are right. but i chose not to take those trades.

get it?
peace
hypnos63
  • #25
  • Apr 6, 2009 2:24am Apr 6, 2009 2:24am
finally hyglater,

in those circled instances, the RSI made lower lows, but price did not make appreciable lower lows to match.

but still it is a judgement call.

peace

hypnos63
  • #26
  • Edited 3:09am Apr 6, 2009 2:47am | Edited 3:09am
hypnos63, thank you for explain!!

i'm trying in demo, let me know if i did wrong...just 160ema was not ok, but i was confused because 14ema was giving a sell signal, right?

edit: i think i'm wrong cos was a lower up, right?

edit2: closed 100% at 1.4899 (1% time at third candle)...profit 15pips xD
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  • #27
  • Apr 6, 2009 3:58am Apr 6, 2009 3:58am
here is another valid entry.

i did not take it because personally the 14 EMA is kinda choppy right now and the bands on price are constricted a little bit,
and i also made a lot on the earlier move.

this is for those who don't mind a little risk.

peace

hypnos63
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  • #28
  • Apr 6, 2009 4:13am Apr 6, 2009 4:13am
Quoting Hyglater
hypnos63, thank you for explain!!

i'm trying in demo, let me know if i did wrong...just 160ema was not ok, but i was confused because 14ema was giving a sell signal, right?

edit: i think i'm wrong cos was a lower up, right?

edit2: closed 100% at 1.4899 (1% time at third candle)...profit 15pips xD
hyglater.
i repeat i am not using forexflash's system. with the percentage and all that. that is not this system.

the 160 EMA has been up since friday at least.

a. look for a divergence. in favor (same direction as) 14 EMA and 160 EMA

b. open position when RSI crosses its center Boll.

c. exit with 80% 1. when RSI recrosses its center boll OR
2. after the first 2 candles, or even the first candle.

d. exit with 20 % when 14 EMA turns against your position.



peace
hypnos63
  • #29
  • Apr 6, 2009 4:15am Apr 6, 2009 4:15am
hyglater,

i must add that we are not looking for sell signals from the 14 EMA, we are looking for divergences in the direction of the 14 EMA and the 160 EMA.

peace

bill
  • #30
  • Apr 6, 2009 5:43am Apr 6, 2009 5:43am
Quoting hypnos63
hyglater.
i repeat i am not using forexflash's system. with the percentage and all that. that is not this system.

b. open position when RSI crosses its center Boll.

c. exit with 80% 1. when RSI recrosses its center boll OR

peace
hypnos63
hypnos63, this percentage thing is not from fxflash system. It's just to situate when the bar will change to next bar.

regarding the exit rule...i'm not sure but when RSI recrosses the center, maybe is too late and kill profit...i'm testing with TP to guarantee the profits. is it ok?
  • #31
  • Apr 6, 2009 6:48am Apr 6, 2009 6:48am
hypnos63 I can't seem to get the bols in the same window as the rsi. (EDIT) I got it figured.

thx,
todd
  • #32
  • Apr 6, 2009 6:56am Apr 6, 2009 6:56am
hi everyone.

i took this one.

see the difference when the divergence goes with the 14 EMA and 160 EMA?

peace to ' iamforex' who has had 4 successeful trades already with this system.

peace

hypnos63
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  • #33
  • Apr 6, 2009 6:57am Apr 6, 2009 6:57am
Quoting todd960960
hypnos63 I can't seem to get the bols in the same window as the rsi. (EDIT) I got it figured.

thx,
todd
so you ok now todd?
  • #34
  • Apr 6, 2009 6:58am Apr 6, 2009 6:58am
Yep thx!
  • #35
  • Apr 6, 2009 7:05am Apr 6, 2009 7:05am
Quoting Hyglater
hypnos63, this percentage thing is not from fxflash system. It's just to situate when the bar will change to next bar.

regarding the exit rule...i'm not sure but when RSI recrosses the center, maybe is too late and kill profit...i'm testing with TP to guarantee the profits. is it ok?
hyglater,

the 80& exit rule means 80% of the position you opened, not a % of anything else. so if you opened a position at volume 2 , exit 1 is at volume 1.8, exit 2 is at 0.2
if you opened a position at volume 8, exit 1 is at 6.4 and exit 2 is at 1.6.

if you opened a position at volume 3, exit 1 is at 2.4 (80%) exit 2 is at 0.6(20%)

this percentage stuff with the candles has nothing to with what i am talking about here.

hope this is clearer

peace

hypnos63
  • #36
  • Apr 6, 2009 8:08am Apr 6, 2009 8:08am
this was good.
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  • #37
  • Apr 6, 2009 11:43pm Apr 6, 2009 11:43pm
this one was also very good.

a really simple system.

flexible, yet consistently profitable.

peace

hypnos63
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  • #38
  • Apr 7, 2009 12:51am Apr 7, 2009 12:51am
hypnos63
would you please post a template????? ,,it seems posting a template is better than posting screen shots permanently!!!!!!!
  • #39
  • Apr 7, 2009 1:03am Apr 7, 2009 1:03am
a little choppy, but still good.
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  • #40
  • Apr 7, 2009 1:17am Apr 7, 2009 1:17am
Quoting $aly
hypnos63
would you please post a template????? ,,it seems posting a template is better than posting screen shots permanently!!!!!!!
it's funny ..ok....you don't know how create tpl file....
when you know that then start a thread.....
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