It look like it and could even be more simple since im a indic lover.
See how price keep over 4MA to broke it and bounce back at 12MA, then broke 12 MA to get at 21,
test it, then cross, stabilise and change trend direction, getting into a choppy market, range one.
See also how stochastic 14-5-5 never stabilise under 50 line until price broke 21 MA.
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Note that correction could be trade if the pips distance from 4MA and 12MA, or 12 to 21,
is big enough. Note also that more times price keep at one MA that the next MA will get
closer by that time. Witch mean = get out! hehe!
Originally wrote by : inzider
It look like it and could even be more simple since im a indic lover.
I'm sorry inzider, are you indic lover ? me too...
How about this one
I'm sorry inzider, are you indic lover ? me too... How about this one
@ServerUang
cool chart
Hum hum! Clean and simple chart! But you miss some indic, LOL
ServerUang also is a fan of clean chart and nice indic. Regards both!
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Trader dinamic visual some, a new one!! Hehe!
Would you post it plz?! Gonna test it.
The signal about strong trend at 104.60 come whit it or you just add it?!
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Keep on good work around all!
Soon!
it's TDIVA from cja, try it.
Thx!
Appreciated!
I'm headache to see it. But it is real good men..
Thanks for share..
Plz post you template.
I'm headache to see it. But it is real good men.. Thanks for share..
hi, nice idea,
Thx for good comments. Really appreciated for you guys!
Plz post you template.
I will, just need to get to home cpu.
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Since i got some free time i would like to share a tech of mine. This is all manual and don't seek for any EA.
The most basic concept i think about forex or the equity market is.... support and resistance. From that point i'd develope my own system base on that idea.
I do use 3 kind of MA:
4 simple open
12 exponential close
21 simple close
2 stochastic:
5-3-3
14-5-5
CCI can help as MACD and RSI set on 14
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If price keep over 4 MA, pairs is up trend.
If price broke 4 MA, it gonna get to the 12MA and then:
Watch if price bounce back or cross it. If price bounce it was a correction: BUY! - im waiting at a close candel to place my order, never on a dips.
If price cross 12 MA it gonna get to 21 MA, then:
Same, wait for it to bounce back or cross. Bounce = BUY If price cross 21 MA and stabilise under it = SELL
Opposite is also true.
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I do use stochastic to see in witch momentum the pairs is. If price takes too much time at a MA, stoch will cross back and momentum will be lost. So price wont cross that MA.
If 14-5-5 stochastic close over or under 21MA, the price trend is changing, since 21 MA act like a pivot.
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Add fibo level and day pivot/R1/S1 etc whit it, and you got a nice idea where to exit trade.
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Hope its clear, pics sooon!