Ive opened this at the request of some my Fibonacci thread readers that are looking for something that can be traded and still keep your day job and also be able to sleep at night.
Trading more from the Daily chart at the open of each new Daily candle.
The principles are the same from my fibonacci thread but this is more of a method or strategy that can built upon to suit each individuals needs.
The heart of this is still fibonacci but with the use of some basic indicators and some basic price action tactics already installed.
All you need is:
The Daily chart
Simple Stochastic indicator
2 horizontal lines
and Fibonacci ( which you can learn the basics from in my Fibonacci trading thread)
Ive posted the basic rules in PDF and Word Doc formats, the figures in the documnets are not very clear so I will post those in the following posts.
Also is a template set up as we are now wating for the Open Sunday
*Ive added Version 1 of an Indicator that displays the entry and exit points as well as the trailing stoploss to previous candles, the Indicator is new and has not been forward tested which will start this week so I am not sure if it will track correctly or not yet since this is the first attempt.
Current Position and Totals
Wins / Losses: 13/5
Current Trade : #18
Current Position: None
Current Target:
Current Stop Loss:
Total trades Completed: 18
March 2008 Totals: 735 pips
April 2008 Totals: 714 pips
Current Month: May2008
Current Totals Week1 : 178
Current Totals Week2: -169
Current Totals Week3: 39
Current Totals Week4:
*Any updates and the Video will be posted here in the 1st post*
Link to Fibonacci thread http://www.forexfactory.com/showthread.php?t=50767
Trading more from the Daily chart at the open of each new Daily candle.
The principles are the same from my fibonacci thread but this is more of a method or strategy that can built upon to suit each individuals needs.
The heart of this is still fibonacci but with the use of some basic indicators and some basic price action tactics already installed.
All you need is:
The Daily chart
Simple Stochastic indicator
2 horizontal lines
and Fibonacci ( which you can learn the basics from in my Fibonacci trading thread)
Ive posted the basic rules in PDF and Word Doc formats, the figures in the documnets are not very clear so I will post those in the following posts.
Also is a template set up as we are now wating for the Open Sunday
*Ive added Version 1 of an Indicator that displays the entry and exit points as well as the trailing stoploss to previous candles, the Indicator is new and has not been forward tested which will start this week so I am not sure if it will track correctly or not yet since this is the first attempt.
Current Position and Totals
Wins / Losses: 13/5
Current Trade : #18
Current Position: None
Current Target:
Current Stop Loss:
Total trades Completed: 18
March 2008 Totals: 735 pips
April 2008 Totals: 714 pips
Current Month: May2008
Current Totals Week1 : 178
Current Totals Week2: -169
Current Totals Week3: 39
Current Totals Week4:
*Any updates and the Video will be posted here in the 1st post*
Link to Fibonacci thread http://www.forexfactory.com/showthread.php?t=50767
Attached File(s)
Trading the Daily.pdf
529 KB
|
8,632 downloads
Trading the Daily.doc
155 KB
|
4,016 downloads
tradingdaily.tpl
4 KB
|
2,819 downloads
DailyTrend.mq4
13 KB
|
2,081 downloads
|
Uploaded Apr 13, 2008 10:29am