- September 11, 2018
- Posted by: Forex Wiki Team
- Category: Forex Trading System
I'll start posting my trades right here subsequent week.
Simply so each one know and understands i've no real interest in promoting any buying and selling methods, indicators or mirror buying and selling
companies.
This thread is solely for serving to one another with what generally is a very irritating passion/enterprise buying and selling.
The system template is straightforward.
Candles, use i/2 min or range bars
indicators: Ichimoku cloud settings 9, 16, 52
awesome oscillator std. Settings
under is picture of what my charts appear to be:
utilizing the best excessive and lowest low over 9 bars, if you happen to evaluate it to 9 interval SMA you will note the tenkan exhibits extra areas of flattening. The flattening of the tenkan is indicative of worth ranging.
So far as staying in trades longer, I do not usually arrange tp orders forward of time, I take advantage of earlier s/r or swing highs/lows as targets if it breaks by way of I will keep in and see what occurs with subsequent goal. Additionally you need to use the tenkan under is an instance of use the tenkan flattening throughout
a commerce and utilizing it as s/r areas and ready for breaks which got here time after time.(clearly this doesn't occur fairly often) however it does happen
extra usually on a smaller scale.
I began of with a M1 commerce and it was operating properly. I had a revenue locked in, so I modified it as much as run on an H1 commerce.
It had the entire basic issues for an entry, break of the Kijun, worth under the cloud and a resistance space to the left that
worth moved by way of.
I'm not that good at discovering M1 entries that may be traded right into a HTF chart however the preliminary cease of solely 5 pips offers this a very nice RR ration.
That makes me assume that searching for an M1 commerce on the level the place an HI chart is establishing could be good to apply.
I nonetheless have an identical commerce operating on the NZDUSD H1.
I do know I'm stepping out of bounds as I'm not utilizing Range Bars, however this entry methodology is so sound it's arduous to withstand seeing the way it works in different charts.
I need to admit, I'm not having as a lot success with this in Renko Charts however that will change as I get extra targeted, or perhaps I simply wont want to fret about that if I can hold getting these outcomes.
The extra indicator that I've on the charts is a Heiken Ashi Oscillator.
You could discover that it's good at asserting modifications in course because it crosses over its zero line and leads the AO a bit.
I've connected it for anybody who cares to experiment with it. Personally I feel it offers a further edge.
Because of everybody who has helped make this such a great thread.
