i just checked your example…
in this example you have to analyse it step by step:
trend in daily : flat ( 200MA flat and radar daily yellow )…so basically either a long or a short
in H4…price touching the first red line, timing above the 80% level , RSI showing sell, and a “3” telling to sell
radar on W is red
if you check the S/R…you see that the price is bumping on the monthly pivot…
so i would have taken a sell…
fib retracement give you a first target at 1.0342…then next target is the weekly pivot ( wich is also the 38.2 level of fib )
and / or the blue line of the center of gravity…or another “3”
i would like cryagoni to give his ipinion about that situation
So, I had my first successful experience with this system today!
I took two trades today, and both went and hit my TP pretty fast!
The first one was on the gbpusd H1 chart. I went long at 1.59679, because the pair is in an uptrend, and all the criteria for taking a trade was otherwise met. The price also touched a trendline, giving me further confirmation.
I took profit at 1.60060, making me a very nice 38 pips!
The second trade was on the gbpjpy H1 chart. I again went long, at 125.002 this time, for the same reasons as the other trade, plus the round number 125.000 could act as support also.
I took profit at 125.325, making me a very nice 32 pips!
So, I earned 70 pips today, trading the H1 charts!! I’m super happy with that, and I feel like I’m slowly getting to know the system.
Daily GBP/USD and EUR/USD look like they are starting to move into position for a nice short. With some big news events over the next couple of days need to be carefull…
Iv been really busy and not been in front of the pc much put a short on daily gpp/jpy on Monday in profit just might move stop to b/e. I took buy on the m5 eur/gbp made 15 pipps, was nice and safe so lost a few pips but good to have a winner under my belt .
The EUR/USD is on an uptrend but if we use the 100 MA and the COG it shows a downtrend, if we are looking at a 1 day chart correct me if im wrong but we would need to see some counter trend against the main long term trend to get in the right zones on the RSI?
and it 's clear…downtrend in a channel…waiting for zigxard arrow…then sell…if timming is high and RSI above 80 of course…
to ensure your sell, y can wait the RSI crossing the 60 level
then use points pivots monthly or Fib to set your targets…
yes u re right
what dont u use the zigxard pointer ? it doesnt repaint on D1 ( or not a long time) and u will have a very good signal to enter
anyway , i have already entered on GBP/USD…but i should have wait…lol
LOL I do have the pointer on I just cant see it with my setting hiding behind the 3 level (going to remove that repaints too much for me). I just feel this is a very obvious swing high and with the strong trend there might be loads of sell orders going in and with the recent uptrend maybe a still plenty of people wanting to buy. Also number of big news stories tomorrow so I’m going to wait a little longer. I really liked your news retrace play so might use that on on M5. As I’m typing I thinking I should maybe get in lol…
I still haven’t been able to find any good trades today so far… Has anyone else had any luck? 