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08-13-2006, 02:41 PM
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great sys
great sys
-------------------------------------------------------------------------------- I have a great system on the daily chart Every day , If the prevous day was down then go long at the open of the next day with a 15 pip stoploss and a 25 pip take profit If the prevous day was up then go short at the open of the next day with a 15 pip stoploss and a 25 pip take profit what do you think???????????     
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08-13-2006, 03:02 PM
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Quote:
hi thanks for sharing.but some basic questions: 1-how long have u been working with the "great SYSTEM" and what is the results? 2-what is the perfferd currency pairs? 3-what is the daily close time.GMT 00:00 or u use u r own bruker server time for recognizing the daily candle.as u know it is different from bruker to bruker. thx
__________________
We often borrow from our tommorrows to pay our debts to our yesterdays. As always, who knows!?!.Let see what will happen.... -------------------------------------------------
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08-13-2006, 03:35 PM
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Hi Great, that your looking at daily charts, If your using candle sticks , and RSI or Stoch then look for oversold and overbought conditions. and candle reversal patterns on daily. If the open on the daily Candle is low after an uptrend and RSI is overbought then your trading plan for the day would be short. Scale down to the one hour for entry. Put your stop loss 1 pip below the open of the daily candle. Exit would be from the one hour SToch or RSI moving into oversold.
Regards Dennis
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