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Thx's Pipe, good work!
use 3 TF to get d best entry 'n exit
just b'carefull playing with d color, u had to know it b4 used in live trading... d change of color can make u nervous to take a clear decition!
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i change d setting --- RSI (typical)
Just because a pair is overbought/sold is doesn't mean it can be more overbought/sold
Candle patterns works better on 4H and daily, these are human logical S&R points so you need more people to see them then belive in them, like fib level they work better on 4H and daily
thanks for the informative thread and good luck in your trades
Yesterday, I give suggestion to get ready for short entry… as show in pic @ TF H1 'n than what? …in an hours later indicator give a strong signal for long entry! Why i called strong signal? B'cos almost all lower TF give d same signal up 'n trend is up!
Sorry…,
B'cos of that it's important to USE 3 TF to get BETTER entry 'n exit. Always save ur profit by movin' SL to + 10 after it's running > + 20 pips.
New setting :
RSI (typical)
RSI 2 as a signal
RSI 14, 16, 18, 20 as a trend
USE 3 TF
Example : use TF M15 as main 'n TF M5, H1 as reff
Entry :
SHORT / sell : RSI 2 (signal) movin' down crossed RSI 14 (trend)
LONG / buy : RSI 2 (signal) movin' up crossed RSI 14 (trend)
Exit :
TP : 1 grid (as shown @ ur main TF)
SL : 1 grid (as shown @ ur main TF) --- or : RSI 2 (signal) crossed back RSI 14 (trend)
Just because a pair is overbought/sold is doesn't mean it can be more overbought/sold
Candle patterns works better on 4H and daily, these are human logical S&R points so you need more people to see them then belive in them, like fib level they work better on 4H and daily
thanks for the informative thread and good luck in your trades
warning
i dont know where to look... so much indicator
Linear Mode
