|
M30 chart...
I have found that the 30-M chart has become a very good point of reference seeing that I enter on the M5-TF. Reason being that IF the price is in its see-saw mode, you find invariably that it obeys the M30 TF and that gives me 6 candles to work with as oppose to the 12 candles on H1 and then it turns on you midway with the result of you being unable to trade at all. It has made a world of difference to the number of pips harvested over the last 15 months.
The first Oscillator is Kalenzo's RSiOMA which he very kindly converted in such a way that I have LINES in stead of Arrows on the indicator. When I asked him to fix this indicator (it throws back the signal by one candle!), he sent me an indicator with Arrows on the candles which I do not want. There are more than enough Arrows on my candles already. Now he tells me that he is too busy coding to change this "Arrow_version" to one with Lines, but hopefully he will one day relent.
I set this indicator on H1 TF with a setting of 2/8 and it is pretty accurate. I will NOT trade against the direction of this indicator on M30 - period.
Next up is the Rsi-2/4 for the M30 TF with the values of the other RSi s from M5 - H4 to the right thereof.
Followed by the CCi-5/20 which needs no further explanation.(NB the settings are correct). Notice the ZLR @ 10h30; with confirmation by the ZeroLagSto. - Brilliant.
The last one is a change that you may not be aware of and that is the incredible ZeroLagStochastic developed by Perky. Excellent for DIRECTION and very accurate in its default state. (I don't know how he got to the "strange" settings, but the combination works.)
__________________
"Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
|