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5's envelopes - intraday strategy

  • #21
  • Edited 12:38pm Feb 22, 2010 11:57am | Edited 12:38pm
One of my questions is...there was a good entry 2 bars before the first trade, but the stoch wasn't in the bear zone yet...do you really wait for that as confirmation yourself, or do you take trades where the stoch agrees but isn't in the bull/bear territory yet?

Perhaps just as long as you are not taking a long when its still in the bears zone???

thanks

Brian

Quoting golden1
Is this an entry according to your setup? I see a couple ways you
can trade this same setup, would this be similar to how you trade it?

Love to see more recent trades

The two red lines are my most recent trades with this
system on gbp/usd

thanks for your comments

Brian
  • #22
  • Feb 22, 2010 12:21pm Feb 22, 2010 12:21pm
Does anyone have a good stoch ob/os indicator? Thats all you
would need to trade according to the strict rules, an alert
so I can check the charts when the stoch reaches tech
ob and os the bear and bull zones.

If anyone has a good one, pls post.

thanks

Brian
  • #23
  • Feb 22, 2010 12:40pm Feb 22, 2010 12:40pm
I am looking for a k line crossing a bear level or bull level (I enter)
indicator but in the mean time I am using this for the
stoch 65 20 3 cross, which is timely to check the charts
on those crosses, in case it helps anyone.

Brian
Attached File(s)
File Type: mq4 Stoch Crossing.mq4   9 KB | 433 downloads
  • #24
  • Feb 22, 2010 4:34pm Feb 22, 2010 4:34pm
Quoting neurus
5ysfx:
Could you attach the envelope indicator again?
thanks
Enjoy
Attached File(s)
File Type: zip envolopes.zip   4 KB | 793 downloads
  • #25
  • Feb 22, 2010 4:57pm Feb 22, 2010 4:57pm
Quoting golden1
Is this an entry according to your setup? I see a couple ways you
can trade this same setup, would this be similar to how you trade it?

Love to see more recent trades

The two red lines are my most recent trades with this
system on gbp/usd

thanks for your comments

Brian
Well lately I have been using bigger TF and made trades based on daily,weekly charts.Due to lack of my timing and bad habits from the past
Furthermore these days there is no serious volume at all, When VIX is near 20 intradays is watching like paint dry..

Back to your example chart, it would be better wait for London,
From this point ema200 is always good place for bounce not crossing,
Bounce off of ema200 is common technique used by many traders.

short looks better here than long however if price goes above ema200 and daily R1 then will change my view.

Daily S2 and envelopes alignment suggest good place to buy.
If u are not sure or ur confused about stochrsi direction, change TF to bigger and u will easily see whether we have bull/bear zone rejection/entrance.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 12 KB
  • #26
  • Last Post: Feb 22, 2010 7:38pm Feb 22, 2010 7:38pm
I have just made a few tiny changes to accommodate my scalping
mentality, to allow for some quick and other bigger trades
when the market allows. This setup is one of the best
I have seen on FF.

Thanks

Brian


Quoting 5ysfx
Well lately I have been using bigger TF and made trades based on daily,weekly charts.Due to lack of my timing and bad habits from the past...
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