[BillB]

Originally Posted by droesparky

This was originally a scalping method, I have made changes to it and am using it on the 1 hr TF now.

1 Hr. chart.
there are 12 WMAs, 3, 5, 7, 9, 11, 13, (make these one color)
15, 17, 19, 21, 23, 25, 27 (Make these one color)
Slow Stoch 30, 10, 10
Bollinger Bands with settings 18,2 - 18,2.2 - 18,2.4 --thru-- 18,4.6
make these bands different colors fo a more attractive chart.

entry long is when price closes on the upper side of the MAs. and stochastic is oversold or comeing out of oversold
entry short is when price closes out of the lower side of the MAs and stochastic is overbought or just comeing out of overbought.
Do not enter if the candle is so long that it is already at the BBs


there are two suggestions for stops
one is the opposite end of the candle that closed outside the MAs. two is the last high or low
target is the Bollingerbands, or move stop to be and let run for more profit.

Looks good on everything but the CHF.
Do yuo need so many BBs?
The first two or three are always on the inside.