Hi all,
I am not sure if anybody has used this formula before, but i’m just posting it for some feedback.
I am using it on USDJPY, 15mins timeframe.
Settings are same as Cowabunga, but additional daily pivot points.
EMA 5,10
Stoch 10,3,3
RSI 9
MACD 9,26,12
Pivot points based on previous day price
For this system you have to wait for a doji to form on/close the pivot points.
Anything in between the pivots, I do not go in for entry.