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1. On a DOWNtrend, it stays below the 50 level of the QQE and below the QTA
2. Sell when the QTA peaks, when above the 50 level, arches down from 80 - 70 level of the QQE
3. Buy when the QTA bottoms, when below the 50 level, arches up the 20 -30 level of the QQE
4. Use the 50 level as your point of take profit for 1 trade and the 2nd trade on a close watch
On the attached EUR/USD chart, you BUY when it touched the 20 line and above the QTA line, and the QEE had arched itself to the upside. You made lots of pips if you had 2 lots, take profit when it reached above the 50 level of the QEE and let the 2nd lot reach the 70 line and close your trade.
On the attached GBP/USD chart, you SELL when the QEE level has reached the 70 line, below the QTA and on the main chart, you see the beams of resistance (Magenta = 4hour, Aqua = 1 hour, Red = Daily). Exit one lot when it crossed the 50 level and let the 2nd lot reach the 30 level and close the trade.
I like to trade when I see beams of resistance and trade the retracement.
Attaching the !xMeter, which you can find in forex-tsd, which should help you with your trade.
Remember, when you are using a currency pair that has USD in front of it, the CHF, CAD, or JPY should have a green bar on the top and USD bar should be a red. That assures you that there is a strong DOWNTREND.
IF it is for EUR, GBP, AUD, NZD => it should have a green bar on it and the USD should have a red bar for a strong trend.
For Exotics, do the Currency Pairs Templates for confirmation of a currency pair in correlation with other related pairs.
Custom indicators , save in Experts / Indicator folder and then just compile them..
These are not Expert Advisors
XMeter_Indicator2 have more currencies coded .
Updated the indicator to include:
XAU/USD (Gold)
XAG/USD (Silver)
Removed the following currency pairs:
USD/NOK (Norwegian Kroner)
USD/SEK (Swedish Krona)
USD/TRY (Turkis New Lira)
USD/MXN (Mexican Peso)
USD/ZAR (South African Rand)
Zup beams:
Please go back to page 31, and read post 305 and 307 for instructions. Beams comes automatically at areas of support and resistance.
Watch EUR/USD when it starts hitting 1.5975. The beams may appear since this is an area of resistance (daily and weekly). Be careful since this will be the 5th attempt for a breakout to 1.60. You don't want to be stuck when it retraces.
Attached is the EUR/USD chart. Traded the retracement (Sell) once the 1H and 4H beams appeared at 1.5971, 12:00 GMT, FXDD platform. Aware that the Monthly,Weekly, Daily beams are hovering on the 100 fib line (1.9583) above me.
Will get my profits and aware that EUR will attempt to break to the 1.6000 level anytime.
Found that the 1H and 4H are weak in combination, but once the Daily beam comes in, that it would be a strong resistance/support. Combined with Weekly and Monthly beams, you have a dynamite combination.
Hope that the live trade explained it to you on how I trade retracement.
Linear Mode
