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Old 06-20-2006, 03:42 AM
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Foreverold Foreverold is offline
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I'm not sure how to make them clearer. But to stay out of bad trades I like having several indicators confirming the move.
You do not see them in the photo above (I removed them) but I use 3 MA's all of which need to be open. 7,3, and 20ma's.
also what is shown is the squeeze and macd.

If a long is to be taken the squeeze must have a green histo showing, the macd must also be green and above the 0 line and all 3 ma's open and pointing up. The 4PMAPsar maus also be green. I usually enter off of a 5 min chart, and usually know in advance what day will be a trending day. So I am not always waiting for all 4 bars to be green.

Most moves will take place after news so if it is to be a trending day I will enter as the first bar is green (long) as the second bar turns green I then switch to a 15 min chart, set my stop to BE and walk away.

Opposite for a sell

If I am only interested in a scalp of say 10 - 15 pips I'm waiting for my signal and a timeline breaking out of a fib cluster with a green for buy and red for sell using only the first and sometimes the second bar in the 4PMapsar
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