Hi, Really, I don't know. I found it on the other website. It looks like a Parabolic SAR indicator in somehow. But I use it primarily in trailing stop. For me, it is very useful for trailing a stop loss and a very good tool for taking profit. Sai Ram ...

My Day Trading System (MDTS) in trend following

Hi, This setup is acceptable in extremis. Downtrend SELL trade: We have red arrow, TBL red, Tetragram red and macd histogram is, for the first time, below the zero. SELL trade initiates after the sell entry signal closed. LONG TRADE is the opposite ...

My Day Trading System (MDTS) in trend following

Hi, I want to make myself clear about the good entry when on MACD Histogram behavior. The chart below tries to explain the idea. M15: SELL trade Here we have red arrow,TBL is red, Tetragram is red. BUT MACD HISTOGRAM WAS BELOW THE ZERO LINE 3 ...

My Day Trading System (MDTS) in trend following

Hi, I use the dot for the trailing stop. It helps a lot for SL and TP. Try it and you will see your own eyes. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, When you initiate a SELL/BUY trade you must have the arrow RED/BLUE appears first then others confirmations come after. The best entry signal when all criteria come at the same time. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, As long as macd hist. is above the zero for SHORT TRADE. Because we want to enter a trade when the bearish momentum starts to move. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, Yes.

My Day Trading System (MDTS) in trend following

Hi, Downtrend: After price pulls back and wait for sell signal. Sell when : 1) RED arrow appears + TBL is RED + Tetragram bar is RED (short bar for aggressive entry or long bar for conservative entry) + macd hist is above the zero OR TRENDLINE ...

My Day Trading System (MDTS) in trend following

Hi, Downtrend: Retracement in M15: When Tetragram appears GRAY bar means the BLUE arrow appears according to the author. But from my experiences, I want to see, also, the macd histogram goes above the zero line, BLUE bar, for a better entry signal. ...

My Day Trading System (MDTS) in trend following

Hi fellow traders, For the week coming I have simplified the template by reducing some indicators. Downtrend H1: TBL is RED === Downtrend M15: I. Wait for the pullback as follows: 1) Blue arrow appears 2) Tetragram appears GRAY bar 3) Macd histogram ...

My Day Trading System (MDTS) in trend following

Hi, Next week, I will post all my trades using the latest strategy. This week, I have relatives from USA to visit Quebec, the province where I'm living. Enjoy the summertime! See you next week. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, Today 1 trade on NZDUSD. After 7 hours I closed my trade with +6 pips. Wow! This pair is very slow. H1: The trend is down M15: Sell NZDUSD according to the rule. Sai Ram

My Day Trading System (MDTS) in trend following

Continue from the post380

My Day Trading System (MDTS) in trend following

Voilà Continue in post381 Sai Ram

My Day Trading System (MDTS) in trend following

Hi, I have tried to reduce indicators in the past. But when come to do the analysis I feel that I miss some pieces of information. MACD, RSI and Stochastic are the momentum indicators. But I use them differently. MACD histogram uses to catch the ...

My Day Trading System (MDTS) in trend following

Hi, Yes, you are correct. But may I suggest you check the price behavior on H1 before entering a trade. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, I hope very soon. I have no doubt when you use trend following to trade forex. But when the market is ranging there will be a lot of bad trades. Sai Ram

My Day Trading System (MDTS) in trend following

Hi, I just want to share with you how I scan the markets that are ready to trade very soon. I post 3 different markets of M15 in 1 screen. You can verify the trend on H1 by looking on the arrows panel the icon TBL HTF. Because the next HTF of M15 is ...

My Day Trading System (MDTS) in trend following

Hi, Next week you will test 2 strategies. 1 in POST368 and the other one I am going to show you. I have tested the 2 strategies last week. But I like this one, RideYourWave1 as the template. So let see... Downtrend H1: Identify the trend TBL is RED ...

My Day Trading System (MDTS) in trend following

Hi, The strategy in POST362 did not go well. Because AO is too large. So I have changed the whole analysis as follows: H1: Identify the trend Downtrend: 1) TBL is RED and confirmed by 2) Tetragram long RED bar M15 or M5: Enter a trade 1) Price ...

My Day Trading System (MDTS) in trend following