Hi,
The strategy i use for finding the daily/weekly trend is the momentum strategy bu Auslanco.
tools:
daily auto fibs on previous day candle.
ema 50,100,200
Daily Gann Hi Low
autopivots
5 sma low,high and close
Daily open line.
Here are the indicators and template.
Usually if price has closed above 5 sma high on the previous day, and mom1 on the next day shows a down, it should retrace to at least 5 sma high or to 5 sma close. If you check the auto fibs on the previous day, that should be a retrace to 38.2 before any upmove. this is not carved on stone as i have noticed on some occasions it does not do that as well.
But using the G7 indicator we can use the currency strength to trade the 15 minute fibs strategy as explained by WJQ on 'my fibonacci strategy' thread.
I will be posting my trades on this journal using the above technique of G7 and fibs from next week.
As mentioned earlier, through momentum strategy we can notice the daily and weekly trend and trade the 15 minute in the direction of the daily. Trading pairs: all the low spread pairs esp eur/jpy and Aud/jpy, Gbp/usd & eur/usd.
Anyway, more will be explained with charts from monday. Please read through WJQ's thread to get a clearer picture.
The strategy i use for finding the daily/weekly trend is the momentum strategy bu Auslanco.
tools:
daily auto fibs on previous day candle.
ema 50,100,200
Daily Gann Hi Low
autopivots
5 sma low,high and close
Daily open line.
Here are the indicators and template.
Usually if price has closed above 5 sma high on the previous day, and mom1 on the next day shows a down, it should retrace to at least 5 sma high or to 5 sma close. If you check the auto fibs on the previous day, that should be a retrace to 38.2 before any upmove. this is not carved on stone as i have noticed on some occasions it does not do that as well.
But using the G7 indicator we can use the currency strength to trade the 15 minute fibs strategy as explained by WJQ on 'my fibonacci strategy' thread.
I will be posting my trades on this journal using the above technique of G7 and fibs from next week.
As mentioned earlier, through momentum strategy we can notice the daily and weekly trend and trade the 15 minute in the direction of the daily. Trading pairs: all the low spread pairs esp eur/jpy and Aud/jpy, Gbp/usd & eur/usd.
Anyway, more will be explained with charts from monday. Please read through WJQ's thread to get a clearer picture.
Attached File(s)
###Gann_HiLo_Activator_V2.1###.ex4
5 KB
|
334 downloads
###Momentum###.ex4
2 KB
|
308 downloads
AutoPivotIndicator_ver5.mq4
31 KB
|
300 downloads
fibo daily.mq4
5 KB
|
339 downloads
momstr.tpl
11 KB
|
309 downloads
daily_open_line.ex4
2 KB
|
322 downloads
G7_USD_m.mq4
7 KB
|
319 downloads
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