***YOU CAN READ THIS BUT TO ENTER IN THE REAL GAME JUMP TO PAGE 12***
Hello,
I come up with my first trading method that i developed practicing other's trading methods and with which i'm not doing so bad.
it's manly inspired from Guppy Moving Average and some other rainbows trading approach but it has finally not a lot to do with.
how it looks ?:
http://imagebin.org/index.php?mode=image&id=120684http://imagebin.org/index.php?mode=image&id=120684
http://img405.imageshack.us/img405/7...tatrade.th.png http://img59.imageshack.us/img59/6145/eurusdm1.th.png
what is the template ?:
- WMA 40 to 60 and 90 to 120
wich pairs trade with it ?
- All pairs, All TF, but I advice only EU and 1M TF because this is a scalping strategy and the spread is tight on this pair.
Trading hours ?
from Monday Tokyo open to Friday London Close.
How to trade it ?:
- watching 1min chart at the first or second zoom level wait for a trend developing, when all WMA's are agree together and have a good slope wait for an arrow. here is the only good way to avoid fake arrows
- *the best setup is when yellow wma are stretched and green/red are compressed*
How to enter ?:
- personally i look at my oanda's 5sec chart with the same template, and i enter when all wma are looking bullish or bearish (in agreement with my 1min chart of course...)
Stop Loss ?:
- most of the time i use the peaks and troughs concept (check attachment if you never heard about it) on my 5sec chart so sometimes it's really tight sometimes a little bit more wide. i avoid more than 20 pips, it's scalping...
How to exit ?:
- if you have some experience in trading you already know that i can't bring you this answer... personally i move my stop loss above my longs orders or below my shorts orders as soon as possible it avoids me to get stopped stupidly. (i use oanda, i don't know if everybody can do that with other platforms)
what's wrong with it ?:
- you need to know what you do this is not a blind system, it's a strategy with the help of a good indicator (at least for me).
why i share it ?:
- if nobody share some good stuff on the web we all stay very poor financially and mentally
- i would like that some people try it and give me some feedbacks.
you really hate rainbow based systems, only your trading rocks and i really suck ?:
- there is many other thread in this forum you can post.
Cheers !
here is the last template and indicator:
Attached File(s)
Peaks_and_Troughs.pdf
181 KB
|
4,163 downloads
volcanoguppy.tpl
6 KB
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1,951 downloads
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Uploaded Nov 8, 2010 11:30am
VOLCANOWMA.ex4
5 KB
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2,169 downloads
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Uploaded Nov 29, 2010 5:48pm
if you win you can share if you loose you can try to sell your shit.