I present to you here a rather simple entry into the market... Candy Striper!
We are using:
-Heiken Ashi bars
-Accelerator Oscillator
-Awesome Oscillator
-MACD
The entry is simple. Wait for the HA, AC, and AO to all be the same color. Use the MACD to confirm. If all three are RED and the MACD Value is less than the Signal, go SHORT. If all three are WHITE and the MACD Value is greater than the Signal, go LONG.
Exit strategy: You've got to know when to hold 'em, know when to fold 'em, know when to walk away, know when to run...
Money Management: Don't trade too big or you might get margin called. Don't trade too small, otherwise what's the point? We are here to make money after all...
Psychology: Don't be cocky, don't be greedy, don't be drunk, don't be scared. No guts, no glory. Always feel good about closing out a trade for profit, no matter how small. If you don't feel comfortable, shut down and walk away for a bit, the market will be there for you when you come back, fresh and ready.
This entry presents COUNTLESS opportunities to make money.
This system, like many others, is a FRACTAL pattern. It works on all pairs, on all time frames.
Trade in CONTEXT with MULTIPLE TIME FRAMES. Get a big picture on the Weekly, Daily, 4HR, Hourly. What does Candy Striper say is happening at these levels? Make your decisions on the 15m and 5m if you can watch the charts. Grab your 15-30 pips and run. Swing trade if you like. If you can't be home all day, trade the 4HR or Daily with smaller position sizes. Again, this entry works on all time frames.
There is no perfect set of rules I can give you to handle all scenarios. You have to have instinct. All any system does is give you a better view of what's happening. It's up to you to decide how much and how often to trade.
Feel free to ask questions. I started Forex in July 2007. I'm no master, but I'm no rookie either. Please don't try to add any more 'confirming' indicators to this. The MACD does that job just fine.
Good luck and have fun!
We are using:
-Heiken Ashi bars
-Accelerator Oscillator
-Awesome Oscillator
-MACD
The entry is simple. Wait for the HA, AC, and AO to all be the same color. Use the MACD to confirm. If all three are RED and the MACD Value is less than the Signal, go SHORT. If all three are WHITE and the MACD Value is greater than the Signal, go LONG.
Exit strategy: You've got to know when to hold 'em, know when to fold 'em, know when to walk away, know when to run...
Money Management: Don't trade too big or you might get margin called. Don't trade too small, otherwise what's the point? We are here to make money after all...
Psychology: Don't be cocky, don't be greedy, don't be drunk, don't be scared. No guts, no glory. Always feel good about closing out a trade for profit, no matter how small. If you don't feel comfortable, shut down and walk away for a bit, the market will be there for you when you come back, fresh and ready.
This entry presents COUNTLESS opportunities to make money.
This system, like many others, is a FRACTAL pattern. It works on all pairs, on all time frames.
Trade in CONTEXT with MULTIPLE TIME FRAMES. Get a big picture on the Weekly, Daily, 4HR, Hourly. What does Candy Striper say is happening at these levels? Make your decisions on the 15m and 5m if you can watch the charts. Grab your 15-30 pips and run. Swing trade if you like. If you can't be home all day, trade the 4HR or Daily with smaller position sizes. Again, this entry works on all time frames.
There is no perfect set of rules I can give you to handle all scenarios. You have to have instinct. All any system does is give you a better view of what's happening. It's up to you to decide how much and how often to trade.
Feel free to ask questions. I started Forex in July 2007. I'm no master, but I'm no rookie either. Please don't try to add any more 'confirming' indicators to this. The MACD does that job just fine.
Good luck and have fun!
Attached File(s)
candystriper.tpl
2 KB
|
673 downloads