Pivot, m15 - Hunky Dory

M15 Pivot strategy
Using moving averages to gauge trend
Sonic bars for confirmation as well as nihilist bars

This thread is for one strategy, it is still a work in progress, so please share ideas and post comments and images.

Settings:
m15
Daily pivot and SR lines (use indicator provided)
400 simple ma, typical, s0
100 simple ma, typical, s0
5 simple ma, typical, s2
1 moving (any) average, typical, s0
Sonic bars (use indicator provided)
Nihilist bars (use indicator provided)
ATR 1, ATR 100 (not much use with this strategy)

Lets start with how the screen looks

 

1. Moving average (1)
2. Moving average (5)
3. Moving average (100)
4. Moving average (400)
5. Daily pivot
6. Resistance
7. Support
8. Sonic bar with volume = red or green
9. Bottom of chart - Nihilist indicator / looking for 3 reds or 3 greens

First example

 

1. Find Trend / both 100 and 400 moving average pointing in same direction
2. Both trend lines now up
3. Green sonic bar for long
4. Two consecutive Nihilist green bars (two full columns consecutively)
5. Two bars closing above 1 ma

Testing queries:

 

1. Does 100 need to be above 400 ma, shouldn't the other criteria suffice
2. Target mid way to first support line / at first support line / other option

Trade setups today 14 Aug 2014

AUDUSD long 10.15 bar
EURAUD short 9.45 bar
GBPAUD 10.15 bar
GBPJPY 10.00 bar
GBPNZD 8.30 bar
GBPUSD 3.15 bar
NZDUSD 1.30 bar
USDCAD 8.15 bar
XAUUSD 10.45 bar

In the AUDUSD example:

1. Sonic bar with colour
2. Three greens two columns consec
3. Two bars closing above 1 ma (will show importance later)

XAUUSD shows why daily pivot and SR lines could be useful, as this entry is far from daily pivot and hence a sitting duck, maybe trades should not be taken that far, or perhaps a trade management element could be introduced, in that a setup like xauusd would be a risky trade so lower the trade size

for a AUDUSD I will be going long on the daily TF

the MACD is just about to cross over, CCI, %R, STO all show a buy signal.
also at the moment AUD is stronger than USD.


Important considerations are the ratio to Long to Short, related AUD/USD news, Iraq, Russia.


but for now am going long?

what is your justification for the long?

@Verve where can i get the sonic bars.