Great answer brother. I dont watch this pair & I do not know what it would do in real time.
BUT, what I do know is the TDI - Traders Dynamic Index Rules.
Here I share the rules with fellow brothers, please correct me if I am wrong anywhere. These rules are from Dean Malone directly.
As per the rule for short, one should :
"Avoid entering a Short when RSI PL < the lower Volatility Band, < 50, and < 32."
Here for future reference I am taking liberty to add the screenshots of these rules, I have them printed and pasted on my wall, so I can look at them every day when I trade.
Again, do let me know if I am wrong anywhere in this analysis and I will edit/delete the post.
Thanks Brothers, God Bless
LONG RULES :
http://clip2net.com/clip/m146154/135...-clip-37kb.png
SHORT RULES :
http://clip2net.com/clip/m146154/135...-clip-38kb.png
BUT, what I do know is the TDI - Traders Dynamic Index Rules.
Here I share the rules with fellow brothers, please correct me if I am wrong anywhere. These rules are from Dean Malone directly.
As per the rule for short, one should :
"Avoid entering a Short when RSI PL < the lower Volatility Band, < 50, and < 32."
Here for future reference I am taking liberty to add the screenshots of these rules, I have them printed and pasted on my wall, so I can look at them every day when I trade.
Again, do let me know if I am wrong anywhere in this analysis and I will edit/delete the post.
Thanks Brothers, God Bless
LONG RULES :
http://clip2net.com/clip/m146154/135...-clip-37kb.png
SHORT RULES :
http://clip2net.com/clip/m146154/135...-clip-38kb.png
DislikedMy grouse with using the TDI confirmation is during live trading that cross would not have occured when the pin candle was formed below the 200 and 10emas. It would have looked like it was going to BOUNCE. The cross BECOME obvious AFTER the close of the next bullish candle! Better to use PA with respect to MAs to confirm entry signals via the appropriate pullbacks.
Just my 2 cents worth. I'm still learning!Ignored
If you want your dreams to come true, you better wake up !!!