Trade on the aud/jpy 1 hour after the asian open. Aussie weak against most others. Only 10 pips but on reflection could have made this on other pairs as well around the same time. Go for 10 across several pairs.
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DislikedTrade on the aud/jpy 1 hour after the asian open. Aussie weak against most others. Only 10 pips but on reflection could have made this on other pairs as well around the same time. Go for 10 across several pairs. {image}Ignored
DislikedRazor684, As recommended by the forum http://members.winnersedgetrading.com/fpi/home/. This is the power indicator used and recommended by Rockypoint for trading this system.Ignored
DislikedMario777, entry rules are simple. 1) AO crosses zero initiiates looking for trade. 2) Price is on right side of cloud. 3) draw s/r, tl's, dvrgs. etc. 4) enter when pa confirms breaks of s/r, tl etc. exit rules I leave up to the individual. My exits, I rarely set a specific hard tp, I use mental targets. I get out when, a dvrg. is forming, if swing structure breaks down, price reenter the cloud, AO reverses, price closes below tenkan orI've had enough trading. Stops usually below/above previous swing high/low but never more than 20 pips, once iI...Ignored
DislikedNot necessarily most often it is, but look at my trades above. I don't use the tenkan as a MA i use it as S/R when price is above/below the tenkan you can also usually draw a trend line, when tenkan is flat with it running through bars you can see price levels and channels. Very ingrained in what I see when I look at a chart, so a lot of times I don't draw them anymore. But price is on right side of the tenkan and very flat. Cloud is also flat and thin. Bottom line is I want charts that show tight flat channels, just trade consolidation and wait...Ignored