Hopefully, I have completed my set up.
I am starting this thread to serve a purpose. This thread will be a place for me to review my progress. I will be posting The Good, The Bad and The Ugly. I will use this as a place for me to review entries and methods.
I will use this thread to share with others. I will use this place to take in others advice, should there be any.
I will use this place to log my thoughts (4X related and Non-4X related).
Some of you may be familiar with me. I have posted numerous systems related to how I approach M1 trading. The systems I have created is also intended for someone to use on other TF. I feel a good system should be versatile and work on multiple TF.
I have had my trading style morph through different versions of my method of trading. I feel I have finally gotten what I have been looking for. I have said this before, and I know there will be adaptations of this system, but I will focus on keeping the core of this system in tact. I will focus on refining the entries of this system rather then overhauling this system.
The system I am using now is what I call Lohad - The Final Cut. I use this mainly for M1 scalping. I have a system with three different entry signals. Actually they are the same signal, but they show me probable strength of entry therefore giving me an idea of probable TP areas.
Entries as I call them are as follows:
3/3 Entry - All 3 signals line up and agree. No set TP. Just get out when the chart tells me to. This entry seems to have a really high success rate.
2/3 Entry - 2 of the 3 signals agree. Target TP is 5-7 pips This seems to have a rate of 70-75% success
1/3 Entry - 1 0f the 3 signals agree. Target TP is 3-5 pips. I have not traded enough of these signals to put a proper % of success for these. I will keep a log of percentages and update.
Indicators I use for this system:
CHART
THV3 Candle Clock - Self Explanatory
Max Non-Lag, been with me for a while, nothing more then a colored MA
HA SMoothed - My "Fence" Lets me know what yard to play in.
PSAR - Used for Entry and Exit
INDICATOR WINDOW #1
Super RSI: 30/70 OB/OS 15 minute Time Frame
INDICATOR WINDOW #2
Super RSI: 30/70 OB/OS 5 minute Time Frame
INDICATOR WINDOW #3
Super RSI: 30/70 OB/OS 1 minute Time Frame
FXI_RAVI_FX
This is the Trigger Window.
I have attached a screen shot of each type of entry.
Since I am not trying to create a new system, I have decided not to post this is the System's forum. I am posting here to track my progress. If any one is in fact interested in using this system and has some questions, please feel free to ask. People who know me, know I will do my best to answer them as soon as possible.
I am starting this thread to serve a purpose. This thread will be a place for me to review my progress. I will be posting The Good, The Bad and The Ugly. I will use this as a place for me to review entries and methods.
I will use this thread to share with others. I will use this place to take in others advice, should there be any.
I will use this place to log my thoughts (4X related and Non-4X related).
Some of you may be familiar with me. I have posted numerous systems related to how I approach M1 trading. The systems I have created is also intended for someone to use on other TF. I feel a good system should be versatile and work on multiple TF.
I have had my trading style morph through different versions of my method of trading. I feel I have finally gotten what I have been looking for. I have said this before, and I know there will be adaptations of this system, but I will focus on keeping the core of this system in tact. I will focus on refining the entries of this system rather then overhauling this system.
The system I am using now is what I call Lohad - The Final Cut. I use this mainly for M1 scalping. I have a system with three different entry signals. Actually they are the same signal, but they show me probable strength of entry therefore giving me an idea of probable TP areas.
Entries as I call them are as follows:
3/3 Entry - All 3 signals line up and agree. No set TP. Just get out when the chart tells me to. This entry seems to have a really high success rate.
2/3 Entry - 2 of the 3 signals agree. Target TP is 5-7 pips This seems to have a rate of 70-75% success
1/3 Entry - 1 0f the 3 signals agree. Target TP is 3-5 pips. I have not traded enough of these signals to put a proper % of success for these. I will keep a log of percentages and update.
Indicators I use for this system:
CHART
THV3 Candle Clock - Self Explanatory
Max Non-Lag, been with me for a while, nothing more then a colored MA
HA SMoothed - My "Fence" Lets me know what yard to play in.
PSAR - Used for Entry and Exit
INDICATOR WINDOW #1
Super RSI: 30/70 OB/OS 15 minute Time Frame
INDICATOR WINDOW #2
Super RSI: 30/70 OB/OS 5 minute Time Frame
INDICATOR WINDOW #3
Super RSI: 30/70 OB/OS 1 minute Time Frame
FXI_RAVI_FX
This is the Trigger Window.
I have attached a screen shot of each type of entry.
Since I am not trying to create a new system, I have decided not to post this is the System's forum. I am posting here to track my progress. If any one is in fact interested in using this system and has some questions, please feel free to ask. People who know me, know I will do my best to answer them as soon as possible.
Attached Image(s) (click to enlarge)
Attached File(s)
