I use stoch & AO in 1M chart and MACD, RSI with FIB in another chart.
Many of my friends wondered why I use so many indicators being a day trader. My simple reply to them, “I love having my charts colorful”; for my eyes look at only those indicators that give me signal for buying or selling.
Healthy And Wealthy Trading
NB: I have tried my best to resize the image in a presentable manner but could not do it. Need some help.
I work on break even and if the move is strong, I let it run.
I don’t trade for the heck of trading
I assess mainly strengths and weakness of rise and fall with the help of MACD, AO and RSI
Fib. helps me with S/R
Due to forum rules, that I wish to adhere to, I cannot display my blog link. I regularly post currency and gold charts with my analysis. There you can clearly observe the whole picture.
Sorry for the belated reply. I have modified my system and it’s really wonderful. But the only problem is babypips forum is terribly slow and the images are very small not clear for anyone to see.
I cannot post my blog links due to forum rules. I want to share my system to everyone. My system does not require any elaborate interpretation; with basic understanding of TA, one can make a huge impact with it.
i also like your system, would you mind to share indicators and settings ?
Hi Leslie,
Thx for your msg. I would love to share the indicators I use.
I use, Rainbow for MT4, MACD, AO and EMAs. I would advise you to select your own settings that would suit your temperament and trading style.
Observe it for few days, you yourself will be able to determine your entry and exit points. If you need any more clarification, pl. don’t hesitate to msg. me.