Thread: ASCTrend system
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Old 06-01-2006, 08:56 AM
newdigital newdigital is offline
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Well.
It is most recent example.
USDJPY (see image).
Uptrend according to RSIFilter_v1 and RoundPriceNE_big_separate indicators.
It means that all sell signal should be ignored.

May we enter on case 1 (see image)?
No. Because of the following:

1. LabTrend3_v1 is located too close to the price. Flat.
2. This uptrend was started long time ago and it may be reversed soon. Because this system does not discover the trend or reversal in the beginning of the trend. Everything is coming late. So it is risky to entre on the case #1.
3. Other charts/pairs which we are not trading are not showing good clear signals. It means the price is moving mechanically just "occasionally".

May we enter on case 2 and 3?

1. Yes. Because it is uptrend according to all the indicators with all the confirmation.
2. Because other pairs started to move in the same time with USDJPY (about 10 or 10:05 at my MetaTrader's time).
3. Because we see the good signals from the other charts/pairs which we are not trading. I understand it as "planned" movement of the price.

We should open all 4 charts even if we are trading 1 chart only.
I am using SAR for enter, not to estimate the trend.
And I am using all the indicators not for the enter/confirmation only. I am using it all the time.
Attached Images
File Type: gif asctrend_m1_v2_usdjpy.gif (25.6 KB, 1253 views)
Last edited by newdigital; 06-01-2006 at 09:00 AM.
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