This System Was Designed To Give Me An Eagle's Eye For Intra-Day Entry and Exit Signals. and To Reduce My Risk and Maximize My Profits
This System Was Designed To Give Me An Eagle's Eye For Intra-Day Entry and Exit Signals. and To Reduce My Risk and Maximize My Profits
This System Was Designed To Give Me An Eagle's Eye For Intra-Day Entry and Exit Signals. and To Reduce My Risk and Maximize My Profits
use 4 indicators and 5 moving averages to spot my entry and exit signals.
MACD
Stochastic (5-8-3 setting)
CCI
RSI
Fib.
EMA's (10-20-50-100-200)
ZIGZAG
Also supply and demand areas, I draw them myself.
All 4 indicators (MACD, Stochastic, RSI and CCI) must in directional agreement
on both 5 min. and 60 min. charts. Before considering to take a position.
Fib; to target possible support and resistance levels for exits and entries. Along
with channels and or chart patterns.
Extreme CCI Spikes @-100 or +100 or greater. This is a key clue that price maybe ready to rally. (look
for divergence as well) Stemming or wicking at price level, Double, tops, & bottoms,
hinting channels, support and resistance lines. Along with Candle Stick Reversals.
At each MACD cross on 5 min, I look for divergence. On MACD 5 min. cross (when and if bradding)
and price makes higher lows, look to go long. If making lower highs, look to short. If the higher time
frames are in agreement.
Before entry I check 1 min chart look for brassing or toping, and Make sure, MACD is moving in
same direction as 5 min. (This will keep pull backs to a minimum.)
My Important Definitions
Rules: a set of guidelines for the purpose of safety and protection to minimize loss and
maximize profits.
My Trading Rules
1. Always give God the Glory for your success as a trader, and have
confidence in your trading system more then yourself .
If price action is higher than the previous High, you may go,
if no, no. Unless this is a reversal divergence setup.
Check 1 min Chart
NOTES
#1 watch channels, patterns,
Support and Resistant lines bounces
ShortEntryChecklist
If price action is lower than the previous lows, You may go,
if no, no. Unless this is a reversal divergence setup.
Check 1 min Chart
NOTES
Post Trading Day
At the end of each trading day I print out the Weekly, Daily, 4 Hour 60
Min. and 5 Min. Charts to stay up to date with how the day's price action
affected the Larger time frames.
(Minutes makes Hours, Hours makes days, and days makes weeks)
For this reasoned I believe If you trade the Longer time frames you
should be aware the shorter, and if you trade the shorter you should
be aware of the longer.