Crosses, bounces and curve fitted indiors
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Thread: Crosses, bounces and curve fitted indiors

  1. #1
    Heard it said that there's no wrong and right approach to trade outcomes with that I'd love to add my contribution to this tally of Trading Systems that abound on this forum.
    I have been around a few threads tried different egies of mine and've settled for this one.
    You might recognize some concepts from some other threads but like a sponge I have taken up to me as possible and I'm squeezing the sponge to let out what I have learnt. (I'm still studying ).

    Pardon that lengthy preamble, now the intro....

    The most frequently used indior yes, that word that nearly all newbies love and a few experienced veterans despise which we none the less can't do without -talking about indiors.
    IMHO is the Moving Average(MA), moving averages chiefly used to ascertain that the TREND are mostly traded with crosses which will be price cross or twice or triple MA cross, so we'll incorporate MA's within this our egy.

    Most experienced traders will say to aspire to exchange pure PRICE ACTION (PA) and by that's viable, but at that level, my view of PA is where's price gotten to, will be price being rejected at which amounts and where's SR?

    A great concept in trading is confluence and where you have a confluence of parameters or entry criteria there is high likelihood so Ilike to combine my crosses with bounces for high probability trades.

    Now let's talk about the trend, we will not flog HH HL to get uptrend and LL LH for down trend, that's just babypips stuff, rather, we'll take a look at a few of the tools for quantifying the trend and that I favor the MA and The Bollinger Bands (BB)

    I had to pause my trading egy when I came across this piece and've been tweaking and tweaking (cant say when the tweaking will finish ).
    Https://www.nigeriaforextrading.com/...e-journal.html

    Let me ch my breath.
    Cya soon!


    You might want to bypass the commentaries and dig right into the activity, the by-pass is here.

    https://www.nigeriaforextrading.com/...7-indiors.html

  2. #2
    ADR BOUNCES

    I mentioned Bounce-off ADR in my Listing of Bounces here's a recent Illuion Now's EURJPY move.

  3. #3

  4. #4

  5. #5
    RULES

    Formerly I had made the decision to stay with 96MA and 24MA in M15 and that decision has stuck with me.

    The principles are very simple now only follow the trend if 96MA is bullish BUY WHEN:
    (1) PRICE CLOSES ABOVE 24MA and
    (two ) RSI PRICE LINE CROSSES THE TRADE SIGNAL LINE (6MA)

    OPPOSITE FOR SELL

  6. #6

  7. #7
    EASY EASY

    You just need to wait around for 96 and 24 to match and shoot

  8. #8
    ALIGNMENT

    I mean align with RSI

  9. #9
    KISS

    One drawback with all trend following systems is that you can get blindsided when the trend changes but you have to be nimble and proceed with the tide.
    If you get stopped out, wait for the upcoming valid sign and take it, you will be profitable in the end of the day or week.

  10. #10

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