Hi friends
here you can see tradingtree chart.intraday system that works on 10 minute charts.
=========================================================
your normal problem=
you use indicators to predict price action in immediate future. it fails as price makes indicators react not the other way as you expect.
when you use pivot line cross by price,you avoid or bypass the above problem.
once price cross above the pivot level,price moves surely upwards for a limited time about 70% of times.
protection fuse-before you apply you first test n confirm.
you observe 25 trades and post your result here if you are so serious.
=========================================================================
chart uses following
=====================
10 min price chart
intraday pivots
50sma line
pet-d color price bars
awesome oscillator
stochastics as dots
===========================
rules
1Buy when price crosses from below to above any pivot level
(or sell when price cross from above to below any pivot level)
this is first rule
2confirm main trend bias-if prioce above sma 50,buy bias, if price is below sma 50,sell bias
2 BIAS CONFIRMATION IF BAR IS GREEN COLOR,BIAS IS UPWARDS. IF BAR COLOR IS RED,bias is downwards.
3Confirm with awesome oscillator(if histogram bars are above zeroline,buy bias,if histogram bars are below zero line,sell bias
4 you can confirm bias using stochastics
5 stoploss use recent low or recent high
PS WARNING
Please dont use ninjatrader-use amibroker or metatrader4
NINJATRADER data is a headache type of thing it consumes lot of memory space
They say try shareguru-shareguru brings unhandled exceptions and lot of manual intereference is involved.
shareguru staff not qualified to handle software problems- kisibhi aadmi ko udhar itha diya to kaisa chalega-ek inch bhi nabhi chalega.
oh bolega pc restart karo-tumhara bhi and your neighbour ka bhi.
one most unuser friendly platform is NINJATRADER
here you can see tradingtree chart.intraday system that works on 10 minute charts.
=========================================================
your normal problem=
you use indicators to predict price action in immediate future. it fails as price makes indicators react not the other way as you expect.
when you use pivot line cross by price,you avoid or bypass the above problem.
once price cross above the pivot level,price moves surely upwards for a limited time about 70% of times.
protection fuse-before you apply you first test n confirm.
you observe 25 trades and post your result here if you are so serious.
=========================================================================
chart uses following
=====================
10 min price chart
intraday pivots
50sma line
pet-d color price bars
awesome oscillator
stochastics as dots
===========================
rules
1Buy when price crosses from below to above any pivot level
(or sell when price cross from above to below any pivot level)
this is first rule
2confirm main trend bias-if prioce above sma 50,buy bias, if price is below sma 50,sell bias
2 BIAS CONFIRMATION IF BAR IS GREEN COLOR,BIAS IS UPWARDS. IF BAR COLOR IS RED,bias is downwards.
3Confirm with awesome oscillator(if histogram bars are above zeroline,buy bias,if histogram bars are below zero line,sell bias
4 you can confirm bias using stochastics
5 stoploss use recent low or recent high
PS WARNING
Please dont use ninjatrader-use amibroker or metatrader4
NINJATRADER data is a headache type of thing it consumes lot of memory space
They say try shareguru-shareguru brings unhandled exceptions and lot of manual intereference is involved.
shareguru staff not qualified to handle software problems- kisibhi aadmi ko udhar itha diya to kaisa chalega-ek inch bhi nabhi chalega.
oh bolega pc restart karo-tumhara bhi and your neighbour ka bhi.
one most unuser friendly platform is NINJATRADER
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