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Trades
Hello n ds thread ill be posting some of my trades from a system that i use. got nothing to do w/ harmonics but everything to r w/ a bunch of fibs.
in a nut shell the plan is very simple
find a daily bias.
use the appropriate indicator/s.
enter at support/ resistance.
that's it.
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eu short. = daily mom bias down rsi = -50, OSMA daily barish but stochs in conflict. tiebreaker = adx- 30 = 4h stokes trading. 4h stokes down = look for nearest resistance and sell down. look for 2:1 rvr
daily bias adx -30 = 4h stokes trading
entry at retest of 38.2 blue fib
trailed stop and target hit
Last edited by kor4x; 04-14-2012 at 11:43 PM.
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eg range trade
Last edited by nopi240; 04-15-2012 at 12:12 AM.
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well done! how important is ADX in your strategy?
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its the tie breaker, to see if im looking for short term oscillation or longer term momentum abcd retracement to extension move,
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i cant see anything on this chart
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true, Nopis pics are no so clear. Nopi, can you provide a bit more details on the next pic, thanks!
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cadjpy missed entry placed above the 23.0 red fib.
can u see that better?
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i see pending order, but doesnt have smallest clue what all those fib levels are
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