Rainbow Magic with CRB charts

Stochastic Slope for entries

Trading with hieken ashi bars smoothed. very helpful in establishing trend.

How I saw the market today.

Put a simple 3 bar MA (set to close and shift it 3) on your chart. If the bar crosses the MA and closes the correct color take the trade. Scalping at it's most simple. SL behind the signal bar. TP up to you. If MA goes flat = sideways no trend no trade. Stop when your profit target for the day is reached and go play.

Take a look at my picture. Here's how I traded the Asian market today.

Range bars set to 5. Just use standard MT4 moving average 3 set to close and shift by 3.

Note line A. Market making higher lows = uptrend.
See number 1. Green bar closed above 3X3MA. Buy at red line. SL at magenta X. Take profit when bar closes other side of 3X3Ma yellow line. 13pips

See number 2. Market still making higher lows = uptrend. Green bar closes above 3X3MA. Buy at red line. Sl at magenta X. Exit market at next yellow line. Break even trade.

Note Line B. Now a lower High = downtrend.

See number 3. Sell trade at red line (took me a moment to do was still closing previous trade, you do need to pay close attention to the market!) SL at magenta X. Exit at yellow line as green bar closed above 3X3MA. 4 pips

You need no other indicators. Let your eyes tell you what's going on. If you can't see hi's lo's put a fractal indi (standard MT4 indi) on your chart, or a semafor(search FF it's here.)

I trade A/U because it suits my lifestyle I'm awake during Asian hours. Also it is active in all markets. Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1330667014

Current setup.

Here's a picture.

Then we can mix the old and new methods. So many ways to trade so little time. :-(
Old gives me the bias. New gives trade confirmation.

So colorful. Makes me happy

Today AU trade just using Hi's n Lo's.

Batavier,

Please let me know what your settings are for the TDi and what timeframe(s,) pips (range bar,) tick bar etc

I've been using 13, 0, 34, 2, and 7 on ThinkorSwim

Thank you

Bill

hi Bill,
Sorry VERY slow reply. Not been on this site for some time. TDI I just leave it on standard settings. For CRB charts I was using 3 and 5 pip Range Bar charts.

CCI with Arrows Alert Helpful with one of my methods.
Posting so I don't loose the indi.

This morning I bought the AUD based on strong trendline break at end of US session, bounce off daily lows and UP signal on my 1hour charts. Big announcement today re employment data. My guts say it should be OK. Guts are my latest indi.

Yeah baby. Got it right. So I take the rest of the day off.

Party time

This mornings trade. I left a lot on the table but hit my 1:1 target with ease. No more till next week.

Quote from Prochoska "Stages of Change"

The Likelihood for success:
25% If you make a decision to do something
40% If you decide when this will happen
50% If you develop a plan to make this happen
65% If you tell someone about the plan & decision
95% If you make yourself accountable to someone.

Hence a thread. Accountability to an amorphous mass of unknown humanity, oh and my conscience. That little voice keeps at me. What voice? That voice! Am I psychotic?
No just a bit mad.

I had a wining week. Who cares.

Todays scalp.
Tried something new today. When I saw the setup and felt very confident of the outcome I placed a big position and took my profit at the first opportunity.

Reason I felt confident was indi gave a signal and market seemed unable to sustain move above 23.6% FIB level of yesterdays range and was giving ABC down type signal.

Left plenty on the table but low risk high return - so rest of the the day off for other activities..

In hindsight (hindsight is SO VERY CLEVER:nerd:blush: could have trialed the stop for lots more profits or simply aimed at next FIB level where it seems headed. I'll keep on thinking.

Today's trade. Market was flat and I had to go out. So i set pending orders above and below the market. With 10pip trailing stop. The sell came good nice 25pips. Gave a very nice reversal after the sell. But I missed it due being elsewhere.

Today's setup. Nice trade 15 quick pips on back of bad news in consumer sentient. A bit heart in mouth as my internet connection is dodgy today and my close order to ages to get thru. Took exit at first area I could see resistance at .97962