Need an alert indicator for a great system!

[forexwoman]

it is when in all charts the blue lines are over the red lines or vice versa.

[craigfx]

[color="Red"][quote=ljyljl5555;9852]Money management is very important, target 5-10pips each time more. Once the target is reached, close some of your positions and let the remaining positions run, s/l is adjusted each time the market moves until it is hit.That's it! :P

How many positions do you normally start with that your closing some?


[quote=ljyljl5555;9852]the stoploss u need is extremely small (5-8pips).
Is the stoploss, a mental one, because the minimum I can place is 10 pips from current price?

P.S.-Thanks ForexWoman

[ljyljl5555]

Originally Posted by forexwoman

it is when in all charts the blue lines are over the red lines or vice versa.

Haha... nicely put forexwoman!TQ!


How many positions do you normally start with that your closing some?
That is for you to decide,pal just try it out in demo.. Get the feel of it...
just do it!(nike.. )

Is the stoploss, a mental one, because the minimum I can place is 10 pips from current price?
My min stoploss is 5pips, but if your s/l is 10, put it anyway!As long as there is s/l. Ok... just want to tell you all, support and resistance is crucial in s/l and take profit.. Almost all the time you could see the market will move to support and resistance..

These are what i do:
1)open charts one hour or so before market open.
2)take a look at 4h,1h and 30min charts and draw all the support and resistance lines.
3)go to 5min chart and draw all the support and resistance lines.
4)After that, just wait for a signal...
5)once the signal is sounded, refresh the chart and look at all the mtf indicators.. if i like how it looks, i will enter! once you hav entered a position, put your s/l just few pips above the support and resistance line of the 5min tf... if all the signals are showing down,market rarely move to your s/l.

You just gotta try it on demo to get the feel of it, everytime you do something wrong, analyze and remember. It is my s/l too low? it is i am too rush? it is my lack of confidence? Analyze.. sooner or later, you will gain confidence and trade totally emotionless and successfully.. It might be sooner than you think! haha...

[kobukuku]

seem like a great system...let me try

[bombom]

Originally Posted by ljyljl5555

Haha... nicely put forexwoman!TQ!


How many positions do you normally start with that your closing some?
That is for you to decide,pal just try it out in demo.. Get the feel of it...
just do it!(nike.. )

Is the stoploss, a mental one, because the minimum I can place is 10 pips from current price?
My min stoploss is 5pips, but if your s/l is 10, put it anyway!As long as there is s/l. Ok... just want to tell you all, support and resistance is crucial in s/l and take profit.. Almost all the time you could see the market will move to support and resistance..

These are what i do:
1)open charts one hour or so before market open.
2)take a look at 4h,1h and 30min charts and draw all the support and resistance lines.
3)go to 5min chart and draw all the support and resistance lines.
4)After that, just wait for a signal...
5)once the signal is sounded, refresh the chart and look at all the mtf indicators.. if i like how it looks, i will enter! once you hav entered a position, put your s/l just few pips above the support and resistance line of the 5min tf... if all the signals are showing down,market rarely move to your s/l.

You just gotta try it on demo to get the feel of it, everytime you do something wrong, analyze and remember. It is my s/l too low? it is i am too rush? it is my lack of confidence? Analyze.. sooner or later, you will gain confidence and trade totally emotionless and successfully.. It might be sooner than you think! haha...

ljyljl5555, could you please define the time you trade with this strategy in GMT time? do you just trade on the opening / closing time, or even during the opening time until closing time?

Thanks

[craigfx]

on the indicator, What is the vertical dark blue,yellow lines for? Do we only trade on the Blue or any alert?? See pic