4 Little Dragons (MMA)

Hello Valued Fx-Mates

I have been followed up FF for many months and studied and demo a number of systems.

I do not write a lot but pictures tell what I meant. Pls. see the images.

I have to come to think that 4 groups of multiple MAs (4 Little Dragons) is suitable for my trading style.
Partly it is easy to visual for the trend.
Partly I am not able to read so many indicators.

I think I need one more suitable indicator to detect the pull back like those circles for re-entry to long / short.

I welcome all comments.

Feel free to add.

Thank you for your time.

fxpip8

I do not understand completely how it works. Could you explain in details?

Alex

I do my best to explain.
Note: It is like the Guppy MMA. Guppy uses 2 groups of MMA namely traders vs. investor. Pls. google Guppy MMA then you will find his many articles.

Basically I wait for good trend like when 2 to 3 Little Dragons (i.e. 1st brown > 2nd purple > 3rd green) are "in line" in the same direction, then I look for the 4th Dragon (the most "naughty" one in blue) to compress and expand for making an entry.

Whenever the brown (1st) and purple (2nd) dragons are "in line" the trend will stay on even thou the green (3rd) and blue (4th) dragons go pass them. The green and blue dragon will somehow return "home" i.e. go back to the trend.

Just be careful when the green dragon goes passing the brown dragon. This may signal a new trend coming (changing). Here are 3 dragons passing over 1 dragon (brown).

The image will explain better. One the left 3 LD went passing up 1 LD and came down before going up again to see an uptrend forming.

I wish to have a good indicator to show signal the "pull back" for re-entry as explained in post 1. That's why I ask for help from FF valued traders.

Thank you.

fxpip8

I also use something like this and found it to be very effective. With MMA its easier to detect several patterns like pullback, continuation and reversals. If you want more practice demo trade on lower TF with fast instruments.

Hello NewFx

What do you mean by "with fast instruments?"
Indicator?
Would you pls. explain.
Thank you.

fxpip8

Fast instruments like GBP/JPY and EUR/JPY which move both sides hence create patterns quickly. Practicing on fast instruments on lower TFs will help you gain good experience in short period of time because patterns validity is independant of time frame. Only difference is pips amount of SL and TP. And also you will notice slow instruments range a lot hence will not create good continuation patterns and give you more whipsaws.

got it. thx, newfx.

thanks fxpip8, this is just what i want

May all the pips are always be with us!!