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.
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 10:43 PM.
eg range trade
Last edited by nopi240; 04-14-2012 at 11:12 PM.
well done! how important is ADX in your strategy?
its the tie breaker, to see if im looking for short term oscillation or longer term momentum abcd retracement to extension move,
i cant see anything on this chart
true, Nopis pics are no so clear. Nopi, can you provide a bit more details on the next pic, thanks!
cadjpy missed entry placed above the 23.0 red fib.
can u see that better?
i see pending order, but doesnt have smallest clue what all those fib levels are