Yes, but that is quite an extreme example due to the size of that H4 candle. Don't forget you also have the 90, 70, 30 and 10 levels which can also be used in the same way as the 50 level.

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Nice idea mate. Check this out.....Ignore the 55 EMA for a minute and see how price interacts with the 34EMA on any TF. Notice at the same time how the 14 RSI is interacting with the 50 level. The smoothed MA can make a difference and could be worth ...

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If all else fails, pick a time frame, delete the MA Lights and the RSI Lights and just trade the 34 x55 EMA direction using the 3 RSI for entries. Maybe just use 1 MA Lights indicator to show you the HTF trend. You need to work out what works for ...

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You are right, my LTF RSI an MA Lights will be either M1 or M5. I believe anything higher is too slow because the purpose of the LTF lights is to indicate the immediate price direction. Please bear in mind that I am experimenting and trying to ...

Start Winning - Trade the Current Trend

I want to repeat a point that I made early on in the thread and that is that the moving averages on the chart give very similar information to 14 period RSI (or a moving average of it). When the 14 RSI is above 50, there there is a good chance that ...

Start Winning - Trade the Current Trend

Heiken Ashi could also be a good variation!

Start Winning - Trade the Current Trend

Well done mate and thanks for sharing. Is the screenshot from a trading platrform and were all trades entered and managed manually?

Start Winning - Trade the Current Trend

I am sure that my use of the LTF MA lights and RSI Lights has probably surprised some people, but I think the LTF trend can be also just as important as the HTF trend. One of the biggest mistakes traders can make is jumping in too soon so why not ...

Start Winning - Trade the Current Trend

Good trading krismitt.

Start Winning - Trade the Current Trend

I wouldn't consider that greedy or unrealistic for a trade which makes sense on H4. Thats a nice H4 engulfing candle. Let's see.

Start Winning - Trade the Current Trend

Well done Grantmac, that is good to hear. Personally I didn't as I am working and can't monitor properly. Please show your entries to help others to learn.

Start Winning - Trade the Current Trend

I think you are missing the point of the 8 RSI custom indicator. It is an additional filter that can be used to highlight a deeper pullback than just using the 3 RSI. When the 14 RSI crosses 50 then we are potentially looking to trade in the ...

Start Winning - Trade the Current Trend

I used my discretion htawfik. I recommend that you do the same and use yours.

Start Winning - Trade the Current Trend

EU Short. H4 Trade. image

Start Winning - Trade the Current Trend

It's nice to see someone applying the indicators and taking ownership of their own template.

Start Winning - Trade the Current Trend

Try installing the indicators manually. open 2 charts - 1 with my template and 1 that you are going to create manually. copy the settings from the template indicators and see how you get on. if it works save your new templates. I don't know what ...

Start Winning - Trade the Current Trend

I exit my position when I have made enough pips to make the trade worth while for me. Sometimes the trade lasts less than 10 seconds. Other times I let it run a bit longer depending on my level of confidence. I said somewhere that once lots of ...

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I don't know what's going on with your indicators Megahead. Maybe someone else can help you that knows more about these things than me. Could it be a screen resolution problem? I don't know. Have you tried using the different Time Frame templates?

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Hi Grantmac. All of the indicators less the Moving averge, RSI, volume suite and volume candles suite are in the zip folder in post 1 and I'm sure I don't have them in sub folders in my MT4. The MA and RSI indicators are where they are by default so ...

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You are right. The MTF MA indicator is not in the folder. This is harder than it's supposed to be. MA indicator now added to the folder or is available in the paperclip. I'm off to bed!

Start Winning - Trade the Current Trend