100-300 Pips Per Day Any Pair Any Timeframe Using 2 Indicators - page 16
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Hey Brian,
Thanks a lot for your contribution.
Can u please explain more how u trade the RSI?
Thanks,
/Mo
I definitely want to contribute to this thread.. I recommend
using these two indicators in combo with what you have.
Well, some already use one, the macd dot, but I recommend
settings of 3, 7, 9
and then also the istoch, that together is great... I use settings
5, 3, 12 but check other settings for your preference!
Istoch alone is not enough for me.. I prefer the macd with 3, 7 9
settings to confirm better.
qqe and zerolagstochs are both worth playing with too.
I have two macd dots on my charts right now for my setup
one is 3, 7 9 and the other is 11, 12, 11 or 8, 17, 9 depending
on tf.
There is another great indicator to use I can recommend to
everyone, RSI! Pretty simple.. an easy rsi histogram
when a pair is going up and the rsi 5 or 8 on the 5 min charts
turns down, in concert with a macd dot and super signal..
its very very solid. Vice versa on a short trend.
Some thoughts so people can find the right comb
they like.
Just my 2 cents and contribution to help the thread.
Brian...
Thanks generousforex for the settings.
Absolutely.. some examples
Here are some example setups.. just for sharing my point from my last post
with the basic indicators.
Chimp 2.1
Put a sma on it
generousforex, could you please post your indicators and template?
Volume!
Hi joesmoe !
Both your kindly shared systems are really great! Thanks a lot!
Please figure it out how you feel (predict) cases like this. Agree, it was unexpected reverse down. Thanks.redneedle,
Regarding the "wrong" signal: look at the second white candle after the upswing after the #3 signal: the upswing is not supported by a pickup in volume and therefore not valid. Best regards,
Ludo
Chimp
On the chimp I use the 10 SMA overlaid on it..and
chimp settings, 2.5, 2.0, 1.0, 2.0
Thanks Big Joe...decided to use the macd indy without the histo bars along with the chimp indy. Xard777
Hello Xard777,
Yes, this chimp is very interesting.
What your indicator on the window indicators, the line which change colors ?
Does this stc color ?
Thanks
something easy for exits
If your having trouble with finding a exit. try placing atr 20 on your chart either exit with the first atr value or double the atr value for a exit. short sweet no guessing.
What started out here as a very simple method using just S&R and MACD has evolved into a mess of added indictaors. Seems like it's always the fate of any method and the reason why so many leave the boards.