This system compromises of the following:
EMA 9, 13, 21
Fisher 34
MA 34
BB 34
RSI 13 or 14
Will be updating the system on comments section along the way.
Meantime
EMA 9, 13, 21
Fisher 34
MA 34
BB 34
RSI 13 or 14
Will be updating the system on comments section along the way.
Meantime
Giao dịch đang hoạt động
Bình luận:
Ratio for this trade currently employs minimum 1:1.
Bình luận:
Theory:
Price action trading comes first. Please do prepare daily or 4hr chart before long or short. Otherwise, Fisher(34) may indicate trend if you are that lazy.
Rules:
To long,
Bullish candle formation
RSI must be above 50. * RSI 50 has been tampered to show 0.
MA 34 must be below candle, or bullish candle cuts across MA34
EMA 9 must be above EMA 13 must be above EMA 21, or "X" formation
Fisher (34) must be above 0
Take profits area: identifiable nearest resistance or top of BB(34).
Stop loss : Low of trend.
Vice Versa for shorts
Price action trading comes first. Please do prepare daily or 4hr chart before long or short. Otherwise, Fisher(34) may indicate trend if you are that lazy.
Rules:
To long,
Bullish candle formation
RSI must be above 50. * RSI 50 has been tampered to show 0.
MA 34 must be below candle, or bullish candle cuts across MA34
EMA 9 must be above EMA 13 must be above EMA 21, or "X" formation
Fisher (34) must be above 0
Take profits area: identifiable nearest resistance or top of BB(34).
Stop loss : Low of trend.
Vice Versa for shorts
Bình luận:
Basically there are two kinds of trades.
Breakout trade and short term scalp as shown
Basically there are two kinds of trades.
Breakout trade and short term scalp as shown
Bình luận:
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Lastly, to end off.
If price action does not support price to reach take profit levels, please do at least take minimal profit. Better than incurring losses
If price action does not support price to reach take profit levels, please do at least take minimal profit. Better than incurring losses
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To note:
EMA 9 or 13 , or 21 can be employed as trailing stop
EMA 9 or 13 , or 21 can be employed as trailing stop
Bình luận:
Smaller candle provide better R:R
Smaller candle provide better R:R
Bình luận:
Big candle provides less R:R
Bình luận:
After series of back testing,
Risk reward currently runs at 50pips:30pips
Change to RSI 21.
Added volume for breakout or to spot major trend reversal.
Added EFI(21)
Risk reward currently runs at 50pips:30pips
Change to RSI 21.
Added volume for breakout or to spot major trend reversal.
Added EFI(21)