Thanks money for you explanation.
Can anybody please zip the indicators and make a template file?
Please!!! -It’s too confusing, I just can’t get to the indicators right. I’d be very grateful please.
OK, Fellas, Im done for the day… I think I layed it out pretty well for ya, let me know if there is anything else.
Want to add this, Should work on all pairs, but i have only used this on EURUSD… Simply because the pips can be taking daily, at ease pretty much. By staying focused, and FEELING THE FLOW OF THE CHARTS AND INDICATORS you can get 50-100 pips in no time flat pretty much.
There are a few ways of using all this, but its up to your style, and patiance level.
Get 50-100 pips, compound your profits, and live life…
Have a good night,
Thanks for the template.
Let me get this straight:
Time frame: 15 Minutes
-CCI (30)
-ASI (300)
-RSI (50)
-RVI (10)
Enter long: CCI crosses RSI from below
Enter short: CCI crosses RSI from above
T/P: manually 10 pips close
S/L: didn’t get this right - I don’t know
-ASI’s function - didn’t understand
-RVI’s function - didn’t understand
Anybody would care to clear this out for me? -Thank you.
Time frame: 15 Minutes
-CCI (30)
-ASI (300)
-RSI (50)
-RVI (10)----Change to 2
Enter long: CCI crosses RSI from below–correct
Enter short: CCI crosses RSI from above–correct
T/P: manually 10 pips close— I prefer 5 myself, but this is where you FEEL THE FLOW, if RVI is at the turn, and bunched up, could get more. Sometime I let them go for 10-15. I have gotten pretty good at snipin the trends,
S/L: didn’t get this right - I don’t know-- I dont really use a stop lose, because before I place a ticket, Im pretty confident I will get my pips, and know the current direction. Feel free to use it, BUT, know this, you may be in the trade for mere seconds, and by the time you set your SL, you can lose pips, and or position. Thats why, when I place the ticket, I have my finger on the trigger to close. Have to be very fast and efficiant. Nothing is 100% sure, but being 95% is better then 80% confident.
-ASI’s function - didn’t understand-- ASI gives you the general Power indication. If ASI is low, and floating at the bottom, even though CCi is above, we expect to go Long, but if the ASI is at the bottom, and CCI is high, Shorts are still hot. Not till ASI makes a move upward, and past the RSI, is it a true reversal, in my book anyways. So, ASI function is to allow you to FEEL where the pair is going. Its a precurser to what is going to happen. Now, if ASI is high, CCI is riding along with it, CLOSELY, and both pointing up, movement will be swift.
-RVI’s function - didn’t understand—RVI tells me the power of the movement, think of it as a energy tank. This is important to the whole system. Never short when its lower, and never Long when its high. The tickets should be placed either at top or bottom, never in the middle, because, well, we dont know the true middle.
Anybody would care to clear this out for me? -Thank you.
Eric, rememeber, 15TF to see what happened recently, a feel for whats going on. The scalping part, is 1TF. Use the 15TF for daily holds, with good margin, to let it run wild, but still go in the direction you feel its going to go. The indicators work the same on all Time Frames, just at a differant rate, if you know what I mean…
Also, The RVI, I dont look at the red line, just the green line.
Very well put Money. Thank you very much I’ll check it out right now.
I’m very thankful.
Have fun.
Not a problem Eric, verywelcome,
Great profits to ya,
I only made 3 trades so far:
- 4.8 pips (EURUSD)
- 9.2 pips (GBPUSD)
- 5.3 pips (EURUSD)
======
+0.9 pips so far
I’m trying to get it right, I think in time I’ll get better reading the signals. Thank you. I would really like if you didn’t disappear and let this Thread perish. MoneyNVRSleeps, please stick around.
THANK YOU
I’ll be here for sure… This is my life now…
Just a pointer Eric, try with 1 pair, and learn the system, learn how the indicators work, write down notes you might see, Im in the process of making templates to print out and hang up infront of my face, on my wall, so I always know the rules of the system. Although, after running this for a while, I have the system down pretty well. After awhile, things will just come naturally. I dont know what your situation is, like do you do this alday or not, but study the chart and indicator action as much as possible.
I try to stay with EURUSD, its always moving, usually anyways…
Learn how the RVI moves, thats pretty important. Just read this thread again, if you have to , and look a the pics, if you have any problems, let me know, I will get to it when Im around…
Hi Money…
Why do you think RVI should be changed from 10 to 2 ?
thank you
Hey Fred, because 2 seems to get more of defining peak, more noticable for the turn, like a sound wave…
Good profits to you today buddy, let me know how this works out for ya.
MNS, the template that you provided sometimes keeps sending ALERTS (BUY/SELL). What is this? - Or by any chance, did you link any of the given indicators to send signals when you enter a position?
Thanks buddy.
Pay no attention to the alerts, BUT, you can use them, to alert you, lol, when things are changing. They do work… Just dont follow the directions to them, or turn them off. I will try to turn them off, and then re-template and link, let me see whats going on with that…
none of the indicators are linked to my system, would be cool tho, i just dont know how to do that kind of stuff, Im a numbers man, not a processor cruncher…
Let me see what i can do.
Hey Eric, left click on the chart, hit indicator tabs, then highlight the indicators, edit, turn off sound, but keep the slope on, its a great indicator.
Thanks Money, I fixed it, works fine now. I noticed the slope works very good as a dynamic Support and Resistance indicator.
Sometimes the signals where good though. Very accurate, I thought maybe Money linked somehow his actions to appear on the template. Who could have guess? LOL - Sorry for my ignorance! - Though it would have been fantastic.
Happy trading.
Hey Eric,
Yeah, the slope is awesome…
Have a great weekend buddy
Hello. I made 7 trades this morning using this system on a demo account. 5 won 10 pips each and 2 lost 10 pips each. I traded eurusd, usdjpy, usdchf and gbpusd pairs. I’m happy with my profits even if it’s just on the demo account at the momment. I plan to take it live if this trend continues. Thanks, MNVRS.