divergence how do u check that.....can we have some chart examples?
Ignored
Pair making new high but Chin indicators not making high. I generally enter when prices moves 25-30 pips from high, and put 30-35 pip SL. Once 30-35 pips in profit move SL to BE. Today after NFP EU made new high of 4529 but CHIN A&B did not make high on 1H TF. When price started to move down shorted at 4495. 4450 was 1st support area, booked some profit and moved SL to BE. Price then bounced off the support and crossed 4500 again.
Just mins later We had a buy signal on EU from CHIN-C_D on 15M TF i did not take it had to step out for some time.
Here are new RULES for CHIN C&D (attached again below), please don't discard CHIN A&B, use them as mention below:
Rules for CHIN-C and D:
IMP: USE ONLY 15 MIN or HIGHER TIMEFRAME, I USE 15 M.
1. Buy Alert = Any of the 2 indicator goes positive and hit define level (+1500 for GJ and EJ, +15 for GU and EU). 2. Actual Buy = The second indicator goes above the define level (+1500 for GJ and EJ, +15 for GU and EU).Take trade on OPEN of next Candle.
3. Sell Alert = Any of the 2 indicator goes negative and hit define level (-1500 for GJ and EJ, -15 for GU and EU). 4. Actual Sell = The second indicator goes below the define level (-1500 for GJ and EJ, -15 for GU and EU).Take trade on OPEN of next Candle. 5. Stop Loss for Buy = Both of the indicator moves below 1500 (for GJ and EJ) or 15 (For GU and EU).
6. Stop Loss for Sell = Both of the indicator moves above -1500(for GJ and EJ) or -15 (For GU and EU).
7. Exit = This is where you need some expertise, you have to close partial lots at each fib level, nearest support and resistance and let the other lot ride.
IMP:
1. If signals come first on ChinC-D than Chin A-B, then it is trend reversal and more chances of bigger trade.
2. If signals come first on ChinA-B or CHIN A-B are already above/below the defined levels and then signal comes on CHIN-C-D then it is re-entry on already established trend, use small lots.
3. Avoid signals coming on late Friday say after 11AM EST.
4. If signals is generated late afternoon in any session dont risk much, trade with small lot.
5. Do not take signals before any major news.
6. Strictly follow the stop loss rule.
7. Book small profits as you ride the trend. 8. USE ATTACHED EA for ALERTS AND EMAILS FROM THESE INDICATORS.
PLEASE NOTE YOU NEED MT4 BUILD 392 or HIGHER TO USE THESE INDICATORS.
I just want to reiterate, that i have put levels of 50 and -50 (5000 and -5000 for ej and gj) and have been using those for exits if one of the indicators touches them. It doesn't always get there so you do have to watch for other exit opportunities, but if price does get to those levels, it is usually a 60 to 80 pip trade. Those are nice at 1% per 10 pips.
Yes GU, EU and EJ short. EU,EJ short closed for small loss. GU fetched 40 pips. Here is chart for GU. Euro is quite today, may be will have good movement soon. Still undecided on direction.
