Intra day Trading Sys
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Thread: Intra day Trading Sys

  1. #1
    Hi gents,
    lt;? Xml:namespace prefix = o ns = urn:schemas-microsoft-com:office:office /gt;lt;ogt;lt;/ogt;

    My very first article in FF,
    lt;ogt;lt;/ogt;

    I'm 4 years old in FX world, specialized in GBP.
    Lt;ogt;lt;/ogt;
    I have this Intra afternoon sys to utilize and want to discuss it with u, it's easy and 90% proof.
    Lt;ogt;lt;/ogt;
    First, u have to know the trend direction for the day and MACD will do that, if the slow line beneath zero then the tendency is down, above zero then the tendency is up (I'm talking about the first wave of the afternoon if there are more than one) MACD should be put 8,18,9.
    Lt;ogt;lt;/ogt;
    That is confirmed from the RSI if above 50 will probably be up or below 50 down, and should be set to 21.
    Lt;ogt;lt;/ogt;

    Now, the entry, SL and exit points,
    lt;ogt;lt;/ogt;
    Entry point should be produced by a blue 5 shut EMA with a red 6 opened EMA.
    SL should be 5 pips below recent hi or low, more than 30 pips. Exit, if u r good with fibo then should depart on 161.8% or tops and bottoms, R or S but no less than 30 pips in hand.

    Forgot to say that the time frame should be 30m and employ after 2300 Eastern Time.

    If the above are not fulfilled, don't enter the market.

    This sys is useless in regards to the news.

  2. #2
    Hi Hakeem,
    Do you have charts for your set up? If you please let's take a look?
    Thankx in advance
    Banda


    Quote Originally Posted by ;
    Hi gents,lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    My first article in FF,lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    I'm 4 years old in FX world, specialized in GBP.lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    I have this Intra day sys to utilize and need to share it with u, it is easy and 90% proof.lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    First, u need to know the trend direction for your day and MACD is going to do that,lt;ogt;lt;/ogt;

    if the slow line below zero then the trend is down, above zero then the trend is upward (I'm talking about the first wave of the day if there are greater than one)lt;ogt;lt;/ogt;

    MACD ought to be set 8,18,9. Lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    This is confirmed by the RSI if above 50 will be up or under 50 down then, and needs to be set to 21. Lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    Today, the entry, SL and exit points,lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    Entry point ought to be produced with a blue 5 closed EMA with a red 6 opened EMA.lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    SL ought to be 5 pips above or below recent hello or low, more than 30 pips.lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    Exit, if u r great with fibo then u should exit on 161.8percent or tops and bottoms, R or S but no less than 30 pips in hand.

    Lt;ogt;lt;ogt;

    Forgot to mention that the time period ought to be 30m and apply after 2300 Eastern Time.

    Lt;ogt;lt;/ogt;

    If the above aren't met, do not enter the market.

    Lt;ogt;lt;ogt;

    This sys is futile in regards to the news.

  3. #3
    I would Surely like to see some charts also

  4. #4

  5. #5
    It seems that I could not upload the chart, nevertheless check the GBP today's chart and use what was said above.
    Cheers

  6. #6
    Do you go short when red passes above blue and rsi gt;50?

  7. #7
    Dave,lt;?Xml:namespace prefix = o ns = urn:schemas-microsoft-comfficeffice /gt;lt;ogt;lt;/ogt;

    You do not go short if RSI gt;50,lt;ogt;lt;/ogt;

    You go short if RSIlt;50 and slow MACDlt;0, even if this is true then you'll discover the reddish passing the blue, that where you input the market.lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    Have a look at the current GBP chart and its historical data for the previous decays (kidding)lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    It is not difficult, ha.lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    allow me to examine your findings shortly!lt;ogt;lt;/ogt;

    lt;ogt;lt;/ogt;

    Stay smart

  8. #8
    A question... for clarifiion/understanding functions...

    MACD under 0
    RSI under 50

    Entry when reddish comes from below to above the blue line and entry - is that made on close of pub or in real time?

    EG
    GBPUSD - today 6:30am GMT pub closed @ 1.9719 and throughout that bar the red EMA moved from over (previous bar) to below - what would your entry be? SL be? TP be?
    Or Would you enter real time since it was happening?
    Another instance occured in the 9am GMT pub - explain for that too if possible.

    Kavs

  9. #9
    Kavsp,

    Now after 2300 ET, the GBP/USD chart showed RSIlt;50 and MACDlt;0.
    The red crossed the blue on 1.9729/33 then retraced into 1.9736/40, you can enter brief between those amounts, (you had several opportunities ) let's say the price went diving and didn't give u the opportunity, that case youe should wait for the price to return to the crossing point, and set your SL 5 pips above the hello which was 38/42, your exit egy could be more than you, for example, you could exit near yestetday's bottom which was 1.9676 and get 40-50 pips.

    Capeesh

    Wont go easier than this.

  10. #10
    So whatever it reveals later 23:00 ET (4AM GMT) you proceed with that opinion for the whole day? Ie short in today's case.

    You can in theory return to the short train each time the red EMA goes beneath the blue EMA and then crosses back beneath it...

    Therefore the very first train left between 1.9729-36 because you said (4am GMT / 11pm ET)
    The next train left between 1.9717-33 (6:30am GMT / 1:30am ET)
    The next train left between 1.9676-1.9724 (9am GMT / 4am ET)
    (Its price based rather than time based in a sense )

    So should you jumped out at any stage or TP target - you could've jumped back to the short train again... now when the first point is true (short direction all day) you would now wait for the cross over then back under (blue/red EMA) to a closing basis to supply you with the next short train departure...

    Sorry about the train thing... I began with that analogy, and so I went full steam ahead (conducted ) with it!! https://www.nigeriaforextrading.com/...dior-help.html

    Kavs

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