Hi there,
Premis: I am new here and I was testing this system that's work for me... I open new Thread for Opinion, Critics, Idea and mistakes correction
I am going to explain System I am using for montly, combined 2 system from the forum and together gives me very clear Idea what's going to happen.
I check chart 3 times per day 5 min in morning 8:45 CET (15 min before London open) 2:45 PM and 8:45 PM
I check all the currencies very quick.
Red Bars mean main trend going down
Green Bars mean main trend going up
Tomato Bars mean momentum going down
Blue Bars mean momentum going up
Then is Orange candle stick for Bear candle
Light blue Candle stick for Bull Candle
1. Right up on left corner, gives me an Idea of all timeframes
2. all currencies strength... this tells me what's happening in all markets and when currencies is too weak or too strong (this alone doesn't help)
3. when this show up, I start to monitor more often in order to close position or open another one (not taking action yet)
4. blue or red arrow after (3.) is mostly when i decide to enter (check how long is the candle) sometimes is already on half and could pull back, in that case better to wait (if you don't understand ask)
5. Main trend change from red to green and momentum from red tomato to blue (second entry or entry point)this confirm the direction
6. not everytimes that (3.) show up is a take profit or entri point in opposite side... there could go up more.... (look point 1 and 7)
7. yellow line shows you difference from when show up (3.) and where is going.. over 200 pips that you would not take in profit or lose if you opened in sell
here is template and indicator i use
You can find first System: http://www.forexfactory.com/showthread.php?t=610970
second one : http://www.forexfactory.com/showthread.php?t=629608
I am using new chart, please look post 141
Premis: I am new here and I was testing this system that's work for me... I open new Thread for Opinion, Critics, Idea and mistakes correction
I am going to explain System I am using for montly, combined 2 system from the forum and together gives me very clear Idea what's going to happen.
I check chart 3 times per day 5 min in morning 8:45 CET (15 min before London open) 2:45 PM and 8:45 PM
I check all the currencies very quick.
Red Bars mean main trend going down
Green Bars mean main trend going up
Tomato Bars mean momentum going down
Blue Bars mean momentum going up
Then is Orange candle stick for Bear candle
Light blue Candle stick for Bull Candle
1. Right up on left corner, gives me an Idea of all timeframes
2. all currencies strength... this tells me what's happening in all markets and when currencies is too weak or too strong (this alone doesn't help)
3. when this show up, I start to monitor more often in order to close position or open another one (not taking action yet)
4. blue or red arrow after (3.) is mostly when i decide to enter (check how long is the candle) sometimes is already on half and could pull back, in that case better to wait (if you don't understand ask)
5. Main trend change from red to green and momentum from red tomato to blue (second entry or entry point)this confirm the direction
6. not everytimes that (3.) show up is a take profit or entri point in opposite side... there could go up more.... (look point 1 and 7)
7. yellow line shows you difference from when show up (3.) and where is going.. over 200 pips that you would not take in profit or lose if you opened in sell
here is template and indicator i use
You can find first System: http://www.forexfactory.com/showthread.php?t=610970
second one : http://www.forexfactory.com/showthread.php?t=629608
I am using new chart, please look post 141
