Guys everything is ok but u still no read since i post many times since begging of tread and till now. Indicator can be used only for alert in combination with ur knowledge of analysis. Do not rely only on system or indicators n to trade. I said that many time. Important, learn first the price analysis. Go above n you will find some authors i mentioned. Steve nison, learn form his material you can find easy on fx forums his books or videos. Learn also wyccoff material, sam seiden also, practice those stuffs in charts try to understand as much as u can . Then once u become very good u can apply some good indicators for confirmation or additional alert . Price is the main stuff not the indicators. Price move the indicators not opposite, indicators to move the price. Markets are manipulated. So if markets are manipulated means all indicators and robots can be easily manipulated. What u need to do first is to learn the structure of the market, price analysis, then to use some additional indicator. Combination of all those 3 materials ( mentors i said now) can give u very good edge of understand n trade market. SO DO IT, DO NOT WASTE TIME ON SEARCH INDICATOR OR SYSTEM OR ROBOT. I posted this indicator as additional if someone wanna use it ( but if someone is already good in price analysis, not to use just indicator n to start trade, i mentioned this lot of times in the tread. Read it very well what i said many times... So go start learn price or naked chart analysis from those mentor above and practice them. Then combine them. I reccomned to do this way when u learn. Study , practice ect...
1. 40-50 min study or practice
2. Take break about 5-10 min , not watch utube vid or movie or some other craps..Break means to really relax before continue study. ( make some juice, or go on window or ballcoon n take pause not chat on messanger on stupid fb or instagram. Or do some push ups.
3. Continue study again 40-50 min. agian take break 5-10 min
How i like to do it before and even now when i work trade everyday.
1. I like to make juice ( not from market but natural one fruits or eat some fruits, i like avocado or carrots or mixture apple carrots ect.. It wil boost you UP. coffee all those shits are not good , power drinks also are full with sugars n other shitts... you need natural stuffs.
2. Check news ( for those who are already in good trading ) See for red news when have , also subscribe to some other news to receive alerts. If red news are soon n what kind of red news. If its interest rate, fed meeting, NFP, Mario draghi talking i avoid trading. All those news are for me gambling, better wait to stabilize 1 hour or so after news n u can start to analyses n trade.
3. I like after sitting on 1 or 2 hours of trading to lit bit make some push ups or some exercise. Reason: long time ago i notice i started to stuck seriously on my weist, my back , my fingers on leg or hands ( right hand especially ) hit like some electricity on top of fingers. My neck seriously hurt no blood circulation good ect. We are all stuck on front of our computers or mobiles. We lose concentration cos all of those bad stuffs n bad health ot us.
4. I avoid all this coffee n sugar stuffs, they are seriously bad for health but also for not good concentration ect. When i m in Indonesia i liek to drink at morning everyday from near street shop fresh coconut. I ussualy take 2 times per day coconut.
Coconuts are seriously healthy fruits. Susu or milk inside is very healthy n good. Sometime i like to take chocolate during day but not every chocolate, if u can find 75 % cacao chocolate it will be good if no then ok buy some small chocolate of 45 50 gram and thats it. But not everyday.
I like to check first D1 timeframe to see for main reversals n bounces happened or ( main key areas) I go on H4 to check for direction ( main direction ), then i check H1 for price analysis patterns n probably direction for today , then i go M15 or M5 ( usually ( M15) to search for patterns again n for entry. I like to work london time cos most liquidity happen ( 30 40 min before london time, and 3 hours after london time , all this time i like later i stop work, and i wait for US session 30 min or so before open and 2 or 3 hours after it opened work. Then no more work
During this time if no position opened or no trades i like to make some exercise, not cos to be a bodybuilder , but exercise help us for better health and also better circulation and better concentration to trade.
If no trade today i do not push ( i must to trade something today) no need. How this will come ? With learning and practice the materials which i told u to find above. Once u become good you can search for high probability trades, not just every trade to trade.
I m intraday trader, and daily but mostly intraday. RR or risk reward ration must be minimum 1:1
everything below is no good means you need to improve yourself better in trading means practice more on charts.
My RR is 1:1.5 1:2 depends sometime can be 1:1.25 1:3 depend of the ADR of the pair i trade, example i like to put mostly 25 pips SL no more than that, so my target profit wil be like min 25pips up to 40, But how i like ussually is EU i target min 25 pips if some i close 80% or ofte i just wanna be sure i pocket the profit pips so i close all position. Gu i targt 25-40 ussually i wait for 30+ and if i notice bar or price start to gian momentum i will let it run till 40 n i close. I do not wait till 50 or 60 or 100 pips. I notice that statistically according my knowldge i find that im high accurate if i close pips on this level , instead to wait for 50 or 60 pips and then price go agasint me and i lose. So important is after u gain knowldge good one n practice then u need to realize on what pair major pairs for me, you are best high accurate. If you find for EU u put 25 pips sl and u put 25 pips take profit, and u realize u are high accurate like 80% or 90% then stick to that do not change it to think ok im good i will now put 25 sl but i will extend take profit to 40 pips. If u notice that you are good trader on EU GU but not on UJ ( this will come after practice on charts), so then kick out from trading UJ. You will improve yourslef later with practice on UJ to find where you mistake, if no then no need to add that pair. I have friend who only trade GU, GJ GA. Those 3 pairs he notice he is excellent trader and he do not add or complicate to put more pairs. If today have no trades, ok no trade. He wait for high probability trades, and he catch 2,3 trades per pair per week. still 5,6 - 8, 9 trads per week is perfect. He have high accuracy more than 90% , so he will lose 1 or 2 trades per week and he will gain double more trads ( his RR is min 1:1 but average is 1:2, so if he lose 2 trades he will recover those loses with 1 position n rest of other trades per week are his profit.
He do not risk more than 1% per trade.
- I like to trade majors mostly , i trade also many exotics or corss pairs , but hey we are here to make income not at school to show to teacher that we can trade many pairs or index or options ect. If you can make only with 2,3 pairs profit then just trade them, no need focus oil, silver, index, or some exotic pairs. No need, it take to much not focus and also according to me majors pairs ( eu, gu, usdcad, usdchf, uj, nu, au) are main which their price then reflect on all other pairs.
So i write again a big post for all of you which no read good above my posts again read this and do it. Do not waste time on crappy indicators or robots or systems. Learn first to have good knowledge of price analysis , then apply some indicator if u wanna RSI , EMA ect. but still keep it as much u can the chart clean, to many stuffs on the charts are only make confusion. Its enough RSI or EMA or combination of those, or some use stoch ect.
Greetings traders