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yes i know fibo is effective because i use fibo too... why not u try this one inzider.. u can change the line style... thanks to linuxser and coder guru for this..
Wep, make sens. This one would be better then the one that recopied itself after a high, witch cause multiple level...
Do you have exact name or the indicator in a back pocket?! Plz let me know.
Yes i know it makes alot of lines.... but any of those are useful info.
Barry are the one that tell you when to enter and fibs give you good idea where to exit. If you got too much in a zone its maby not a good idea to trade, as in Grid system where you need a clear area (like 15 pips) whitout any resistance to place a trade.
DeMarker make another one.... but by experience i can tell you that all those make sens.
By the way, any of you saw this break on EUR/USD this night (9/04/08). A 25 pips ride in 5 min. Not bad!!!
As you can see on this one barry been broke whit confirmation on MACD, SuperWoodieCCI (new indic 4 for, i love it), Sto wasen't cross, A/D was up!
From 1.58245 you had fibs at 1.58307, 1.58371 and 1.58498. All those were TP point. All you need to do is wait for barry break, confirm whit MACD and Stoch, and take profit at fisrt hesitation at one of the next fibs.
I went live now as you can see on my pics, and i made some pips all ready whit this system... no pretention.
Wish it help, for me it really the best scalper system.
Thx 4 comments! Don't be shy to.
Later!
INZ
Hi Inzider,
Congrats on your live pips!
Could you point me to that indi you have on the top left of the chart, with cci/rsi etc. Also the grid, do you find it useful? If so, how do you use it.
Could you point me to that indi you have on the top left of the chart, with cci/rsi etc. Also the grid, do you find it useful? If so, how do you use it.
Many thanks
Regards
Pardy
Hi Pauluk!
The indic in left top corner is 4xtrader, see attach.
For the grid, i use it as a Multitime frame indic whit MA support. 5 min, 15, 60 min and 4hrs. When 5 min and 15 min are green, its a good signe for a long, get the 3rd and the 4rth also, its a must telling you that pairs is going up for last 4hrs. What a bullish sign!
Grid is use as resistance. Nevermind 5 min, 15 min/60 and 4hrs are major. So if you got a nice space in between 2 of them, it tell you that no resistance gonna block the ride. You can trade and catch the in between.
Here another good exemple! See how price bounce from 14MA after a new low at 101.11! It bounce back up but failed to cross 14MA, then hesitate, leaving time to MACD and Stochatic to cross down again! What's the result, what does it mean?!
It means that when price fail to cross 14MA its gonna bounce back, and most of the time make a new low, fact trend was all ready down... it keep on, but lower!
So the only way to get in is to wait a low or a high, and see how price gonna react at 5MA or 14 MA, if it goes back up after a high, it gonna broke it and hit next resistance.
Thanks inzider,
I'm gonna try this out, and wil come back to you with anyquestions. Meantime, hope you're continuing to make real pips!
Regards
Pardy
Pleasure to help!
As i said that's a sclaper system so only take what it give you. Fibs and major support are your TP. I usualy take 5 to 15 pips whit that system and will close all position if 1min stochastic turn red... witch sometimes too fast but lock profit at least.
Linear Mode
