Just using this system at demo and it's quite successful...but the only problem is that its very time consuming...
Just opened a live account of micro lots to test this system, soo let see whether i can make money or not..Fell free to give your comments, so that we can learn from each other
This is how to set up this system..
- GO to H4: To identify what is the longer term trend
- Is it a bullish or bearish trend. Once satisfied, do draw the trend line.
- Go to H1: To identify medium term trend
- Is it a bullish or bearish trend. Once satisfied, do draw the trend line
- If unable to determine or its moving in side way.. Dont bother to trade or stay out until the trend comfirm
- If condition 1 and 2 have been met, proceed to M30
- Identify the pivot point
- check the trend
- wait.. until either trend line 1 & 2 been broken
- Once the trend line has been broken.. we're ready to trade but this criterias MUST BE MEET before placing an order
- Buy setup:
- Wait until it create HL (Higher Low from previous Low), it preferably if it has break the pivot point and stay above the pivot.
- Wait for second candle to finish(for comfirmation)
- If the second candle still doesnt break the pivot point then enter the trade with SL
- Sell Setup:
- Wait until it create LH ( Lower high from previous high) and it has broken the pivot point and maintain below it.
- Wait for second candle to finish(for comfirmation)
- If the second candle still doesnt break the pivot point then enter the trade with SL
- Note; SL is put at the previous high level or at the pivot point
- for further enhancement: also equip it with other technical tools for more clarification of entry,for me. i do use modified RSI.
The setup should look like this..
elo2 bang..
ReplyDeleteguna cara ni byk2 untung ke byk2 rugi..
buleh cayo ke nie..