Jonathan2FI wrote:Question do you know any variation of the 10x for daily that I should look at or am I wasting my time and other resources and should stick to H1 and H4? The account calc. I imagine will be something along the lines of missed trades H1 & H4 Vs. bigger DD on D1 -- ?
You could try using monthly pivots, D1 CSS and W1 RSI2xTMA  good luck being patient waiting for the setups though!
andygrope wrote:When you say the RSITMS line is "pinned" does it need to have just touched or does it need to run along the 0 or 100 or go over those or what?
Cheers
I suggest catching up on 10.2 basics.
cmeade2 wrote:One example was the EurAud noted below. The key point is the price was just below the DP when the bar turned green, and for the most part it never cleared the DP. In cases like this, I view clearing the DP as the key criterion for entering the 10.4 trade.
Cheers mate but sticking to the original system for now. I don't think anything needs changing for my style of trading but feel free to go nuts in your testing and report back.. After all the RSI2xTMA is your discovery and is integral to this system 
ishak123 wrote:Where I can find this script.
As Rafiki in the Lion King said "Look haaaarder". I'm not going to answer any more questions about 'how do i use or where do i find script X"
Lancaster wrote:In general, is there any pivot situation (besides being outside weekly S/R) that would cause somebody to walk away from an otherwise good setup? Or does the location of price just change where you would put your pendings, TP, and SL? According to rule# 2, we're to wait for a retracement, but I see folks posting successful trades that seem to be between the pivots.
You need a decent retracement to get a good R:R trade happening. If you see any trade where you can place your stop in a safe (far away) place and the TP is equal or greater than the distance of the stop then take it. The pivots are a level of where price may react / bounce from so it's good to keep an eye on them.
bodleytunes wrote: I noticed it says in the (long) checklist to trade from the weekly pivot or the weekly support. Support I can see the logic as I assume the price is likely to bounce up from here, but I thought that the pivot point is the price that that it will continue to pass by, on its merry way before bouncing off the support..
See above. |
