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1M / 5M RSG System

  • #121
  • Oct 24, 2010 1:04am Oct 24, 2010 1:04am
Quoting ozziedave
Hi Kirk,

Are you still using this system? I live in Australia, Newcastle to be exact. Could you private message me with your email address so we can speak off line. I have some ideas about how to use this system that may be beneficial to you. I would PM you but you don't have the PM activated.
G'Day! Dave,
I live in Victoria. I have tried this systems before. Is there anything that you can share with me?
  • #122
  • Edited 9:48pm Oct 24, 2010 12:41pm | Edited 9:48pm
Hi Guys,

Here is one way to use this system. Put red and green macd on your charts. Basically I'm looking for pullbacks, waves on the trading time frame. Say you want to trade the 5M chart. I would look at the 1hr chart and take note of the red macd. In this case we see a down move and I mark this with a red vertical line. You want to trade the red 1hr waves in the direction of the green macd on the 1hr chart. This will keep you trading with the trend. Now switch to 5M chart. Now on the 5M chart look at the red macd. Every time you get a pullback you enter using price action or the down turn of the indicator itself. Once you're on the trading time frame all you have to do is watch the pullbacks against the green macd. The green macd will be close to the 1hr red macd so you don't have to keep switching TFs. You will get some losses but over all you should make positive pips. Now note at the bottom of the wave, you see divergence on the red macd which you could trade long.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: rsg 1hr.gif Size: 36 KB
Click to Enlarge Name: rsg 5m.gif Size: 32 KB
  • #123
  • Oct 25, 2010 7:32am Oct 25, 2010 7:32am
which is the first indicator before the macds? an rsi or a stoch and does it have any levels in it?
  • #124
  • Oct 28, 2010 10:33am Oct 28, 2010 10:33am
Quoting blanca
which is the first indicator before the macds? an rsi or a stoch and does it have any levels in it?
Hi blanca,

That indicator is not used fore this system.
  • #125
  • Mar 15, 2011 11:34am Mar 15, 2011 11:34am
its a very good system
  • #126
  • May 31, 2012 7:16am May 31, 2012 7:16am
Quoting kirkleaforex
Hi folks, this is my first system post after almost 5 years of struggling and learning and losing and persisting, and I am finally satisfied that this system is working for me. It just may for you also.

RSG stands for "Ready, Set, GO" (corny perhaps!) but is a traffic light system, i.e. RED, ORANGE and GREEN signals to confirm ENTRY.

PAIR: EURUSD only, as this pair trends well. I have not tried this system on any other pair.

TF:...
Good system you have there, basic and neat. Been able to combine with my indicator, result fantastic, thanks.
  • #127
  • Last Post: Jun 11, 2012 2:31pm Jun 11, 2012 2:31pm
Quoting blanca
which is the first indicator before the macds? an rsi or a stoch and does it have any levels in it?

blanca

it seems you have been using this system over a few months. what were your end results for those few months ? did you manage to make a lot of pips.

whatever happened to kirk ?
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