Hi Brian, sorry for the late reply.
I have since moved on to maybe 100 other combinations of indicators and templates, and have realized that all of them are pointing to the very same thing from many different angles.
From whatever angle you look at it through the use of indicators though, you/we are looking at "priceaction". Nothing more, nothing less.
I've realized that like a new language, the market cannot be learned through the indiscriminate use of indicators alone, and screentime is the most important thing. ...Well at least after the fact that you can't teach an old dog new tricks. ...Wish I had started this when I was a teen.
Right now I use plain old bollinger bands,keltner channels, candlesticks, and heiken ashi smoothed, and I now try to trade what i see not what I think I will see. (I now try to go with the "flo".)
If it's consolidating, you will see the keltner channels very close to the bollingers - we want to see them spread, and the Damiani volatmeter tells us the same thing in essence - and obviously we do not trade there. We wait for a fairly strong breakout from the squeezed bands and we take trade in the direction of the heiken ashi bars just like the smart gazelle that runs with the rest of the herd and not in the mouth of the chasing cheetah.
Remember that I'm no pro, and being successful in my demos doesn't mean I have the demeanor to get back in the market live. Maybe soon I hope, with the help of the many good people here though.
PS : I do like the fx prime indicator, and the ma cci rsi (included below) in place of the middle (20 MA) bollinger band. Also I find the kino indicator and the signal bars helpful when most or all are the same color. ...At least psychologically.
Cheers!
I have since moved on to maybe 100 other combinations of indicators and templates, and have realized that all of them are pointing to the very same thing from many different angles.
From whatever angle you look at it through the use of indicators though, you/we are looking at "priceaction". Nothing more, nothing less.
I've realized that like a new language, the market cannot be learned through the indiscriminate use of indicators alone, and screentime is the most important thing. ...Well at least after the fact that you can't teach an old dog new tricks. ...Wish I had started this when I was a teen.
Right now I use plain old bollinger bands,keltner channels, candlesticks, and heiken ashi smoothed, and I now try to trade what i see not what I think I will see. (I now try to go with the "flo".)
If it's consolidating, you will see the keltner channels very close to the bollingers - we want to see them spread, and the Damiani volatmeter tells us the same thing in essence - and obviously we do not trade there. We wait for a fairly strong breakout from the squeezed bands and we take trade in the direction of the heiken ashi bars just like the smart gazelle that runs with the rest of the herd and not in the mouth of the chasing cheetah.
Remember that I'm no pro, and being successful in my demos doesn't mean I have the demeanor to get back in the market live. Maybe soon I hope, with the help of the many good people here though.
PS : I do like the fx prime indicator, and the ma cci rsi (included below) in place of the middle (20 MA) bollinger band. Also I find the kino indicator and the signal bars helpful when most or all are the same color. ...At least psychologically.
Cheers!
Attached File(s)
MA_CCI_RSI_v5.mq4
3 KB
|
439 downloads
FXprime_V2a Final.mq4
10 KB
|
417 downloads
_Signal_Bars_v6.ex4
54 KB
|
368 downloads
kino_multi_indicators3_Lite.mq4
5 KB
|
450 downloads