Which Is The Fastest Indicator To Spot The Beginning Of A New Trend

[tymen1]

I am slow posting these days on this forum because I am busy trading on the share market as well as forex cfd's.

To Tegasite :

If you are using candlesticks then you should not be using a trend indicator like the Ergodic. The candlesticks themselves will tell you how to trade. I certainly do not use this indicator - it is redundant.

The price action of the candlesticks is quicker than the Ergodic. Let the losers use this indicator!

I am really interested in this your candlestick trading strategy but dont know how to go about it

The method is fully outlined in the thread where you saw it. What else can i say?

The idea is to trade the extreme of extremes in order to give you an edge.
The Bolinger bands are used bring about this edge.

Once the pattern is seen, combined with the BB, you have an extreme, with a high probability of returning to centre. The 1/5 min charts are used to make this extreme as extreme as possible.

A stop loss is then not needing to be set (caution) but kept in mind if things go wrong - unlikely. This shuts down one big problem, stop loss hunting.

I will be posting again with a new thread of my own in which I show several candlestick successful trades done with this method. They will be real trades done live, ie they are not tailor made just for this forum.

Right now I am just checking a few things. If you follow thro when I post, you will see how it all works.

My method is a semi scalping method - this is not suitable for everyone.

[tegasite]

Thanks for responding atall, I have attached a live chart of the GBP/JPY 15 mins........... check it out and see if you can get anything out of it regarding your candlestick system. Does this system work with GBP/JPY

I will also like you to check out this thread where I make my daily post trade of GBP/JPY using the cowabunga trading system using indicators:
Almighty GBP/JPY versus Cowabunga system

Info on the cowabunga system can be gotten from:So You've Finished The School Of Pipsology...Now What? - Pip My System - Beginner's Guide to Forex Trading, Free Forex Education, Learn to Trade Forex, Forex Training - BabyPips.com

The thread is:
The Cowabunga System

Though its been a successful method but its relies totally on 'lagging indicators'

That why I will really appreciate it if you can make everything very clear to me regarding your candlestick trading style.

Originally Posted by tymen1

I am slow posting these days on this forum because I am busy trading on the share market as well as forex cfd's.

To Tegasite :

If you are using candlesticks then you should not be using a trend indicator like the Ergodic. The candlesticks themselves will tell you how to trade. I certainly do not use this indicator - it is redundant.

The price action of the candlesticks is quicker than the Ergodic. Let the losers use this indicator!



The method is fully outlined in the thread where you saw it. What else can i say?

The idea is to trade the extreme of extremes in order to give you an edge.
The Bolinger bands are used bring about this edge.

Once the pattern is seen, combined with the BB, you have an extreme, with a high probability of returning to centre. The 1/5 min charts are used to make this extreme as extreme as possible.

A stop loss is then not needing to be set (caution) but kept in mind if things go wrong - unlikely. This shuts down one big problem, stop loss hunting.

I will be posting again with a new thread of my own in which I show several candlestick successful trades done with this method. They will be real trades done live, ie they are not tailor made just for this forum.

Right now I am just checking a few things. If you follow thro when I post, you will see how it all works.

My method is a semi scalping method - this is not suitable for everyone.

[Avatar73]

Thanks a lot for the post. Unfortunatelly I couldn't find the ''Simple Oscillator''. Where can I download it from?

Thanks a lot