Indicators to be used,
emacrosswithrsi(3)
Vegas 1 hr Tunnel
5 and 12 EMA
RSI(21 periods) level 50
Trades will only be taken on 1 hr charts.
Longs,
5 EMA corsses 12 EMA from below to above AND rsi crosses 50 from below to above.
Shorts,
5 EMA crosses 12 EMA from above to below AND rsi crosses 50 from above to below.
Vegas 1 hr tunnel
This is used to a couple reason.
1st reason is to TP
2nd reason is to show where price is in relation to a certain amount of time.
3rd reason is to keep us out of signals produced from the 5/12 RSI/50 cross.
The third reason is the hardest part to figure out. This is where the discretion will come into play. I will not explain that part here cause with time, it will change when I learn more about how this works.
I, just like everyone else, will be learning this stuff as this journal progresses.
emacrosswithrsi(3)
Vegas 1 hr Tunnel
5 and 12 EMA
RSI(21 periods) level 50
Trades will only be taken on 1 hr charts.
Longs,
5 EMA corsses 12 EMA from below to above AND rsi crosses 50 from below to above.
Shorts,
5 EMA crosses 12 EMA from above to below AND rsi crosses 50 from above to below.
Vegas 1 hr tunnel
This is used to a couple reason.
1st reason is to TP
2nd reason is to show where price is in relation to a certain amount of time.
3rd reason is to keep us out of signals produced from the 5/12 RSI/50 cross.
The third reason is the hardest part to figure out. This is where the discretion will come into play. I will not explain that part here cause with time, it will change when I learn more about how this works.
I, just like everyone else, will be learning this stuff as this journal progresses.
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indicators.zip
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Uploaded Aug 24, 2006 7:09pm
JOHN 3:16