
07-27-2007, 03:22 PM
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Senior Member
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Join Date: Mar 2007
Posts: 132
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Quote:
Originally Posted by radatats
OK, I am going to post a synopsis of my trade rules.
1. Trade off 5 min charts.
Entries
1. 1st signal is when 15 min (green) stochastic peaks and crosses.
2. Price must be above or below yellow MA matching trade direction.
3. Wait for either the first Osc bar to change color to match trade direction or SMAC-D signal line cross.
4. Trade should only be in direction of Osc. Short if Osc below zero, long if above.
5. To trade against Osc direction, drop to 1 min chart and start at step 1 again.
Alternate Entries
1. During trend as long as price and yellow MA remains below blue MA, enter when Blue stoch makes a counter peak.
(refer to picture)
2. Any time price fails to penetrate and REMAIN above/below blue line and Osc fails to penetrate and remain above/below zero line.
Exit
1. When price crosses yellow MA
AND
2. Green stoch peaks and crosses
AND
3. Osc peaks and bars change color or SMAC-D signal line crosses.
Divergence is a good indicator of possible trend reversal for exit.
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Rad,
Solid rules my friend! Thanks for the much needed input!
Chris
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