Discussion in ' Systems and Methods ' started by outthislife , May 14, Log in or Sign up. What I've figured out so far from shopster study. Dec 21, Messages: Jan 29, Messages: Good set of notes. Jun 17, Messages: Oct 17, Messages: Tried the divergence method but wasn't skilled enough, still trying it though. JohnWooly , Feb 2, Sep 15, Messages: Computater , Feb 2, Never really took any notice of the Rads JohnWooly , Feb 3, John, I saw your question to Shop and wanted to share what is helping me.
I hope shop shares some more stuff I always pickup something new from him. Asian cross pairs move most of the day so you can often find several setups and exits. Please refer to the Chart I attached so that my explanations will hopefully make sense.
The extra MACD is used as a trend direction and strength indicator. I use Shops fast 87 and slow to define trend. If I am trading on the 1 min, I want to have its trend in harmony with the 5 for practice and several higher time frames with real money. I shifted the signal line by 20 to make a visible trend strength indicator.
Since I feel the highest probability trades are going to be retracements with the trend I want to see the histogram inside the signal line and near zero. If I see a signal with the oscillators and the histogram is outside the signal line this is not a good entry but it could be an excellence exit signal if it occurs at a shop target.
One reason I think these additional oscillators help is that they all use different periods. This deceases the chance that they give positive signals simultaneously and when four oscillators simultaneously give a valid signal it probably is a good one.
Note that the exit shows that when the Target was achieved the oscillators were also showing strong Sell Signals and an exit signal. Computater , Feb 23, You must log in or sign up to reply here. Share This Page Tweet. Your name or email address: Do you already have an account? No, create an account now. Yes, my password is:More...