hi
this is an excellent trading system that consistently yields high pips.
tools: 15 MIN CHART, 30 MIN CHART,
BOLLINGERS (20,2) on price,
BOLLINGERS (20,2) on RSI (use 'first indicator's' data)
14 EMA
160 EMA
RSI (4 period)
GBPUSD pair
does not need S&R (intrinsic to system)
works with regular and hidden divergence.
step 1
spot a divergence. (bullish or bearish)
step 2 make sure the divergence is in the direction of the 14 EMA
step 3. open position when(as) the RSI crosses its CENTER BOLL. (the CENTER BOLL cross eliminates fakeouts.)
step 4 exit with 80% after first 2 candles.
step 5 close position (20%) when 14 EMA turns against your position.
thats it!. works like a charm.it tactics can be modified to 'only take divergences that go in the direction of the 14 EMA &160 EMA for further
security.
this is an excellent trading system that consistently yields high pips.
tools: 15 MIN CHART, 30 MIN CHART,
BOLLINGERS (20,2) on price,
BOLLINGERS (20,2) on RSI (use 'first indicator's' data)
14 EMA
160 EMA
RSI (4 period)
GBPUSD pair
does not need S&R (intrinsic to system)
works with regular and hidden divergence.
step 1
spot a divergence. (bullish or bearish)
step 2 make sure the divergence is in the direction of the 14 EMA
step 3. open position when(as) the RSI crosses its CENTER BOLL. (the CENTER BOLL cross eliminates fakeouts.)
step 4 exit with 80% after first 2 candles.
step 5 close position (20%) when 14 EMA turns against your position.
thats it!. works like a charm.it tactics can be modified to 'only take divergences that go in the direction of the 14 EMA &160 EMA for further
security.