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This H4 pic of EURJPY shows stoch crossing down 5 bars before MADC cross.
MACD followed later but when downfall was already on gear. Trade was successful but we miss first 150 pips.
Once stoch cross is set we can move to a lower TF and wait for MACD setup.
As you can see. The signal was triggered almost before the downfall start and we can catch all way down.
Trigger is the break of 120 EMA and bar closing below. Easy 230 pips to catch.
This snap and also combined with pattern or alone is a really powerful setup.
But. I prefer to say this is real MTF trading. As you can see, there is no need to set any MTF indicators.
I have made some of them (MTF indies) and also I'm the man behind ratio family
But I'm currently thinking it was a mistake to do that (code). I see to often to many people dazzled by MTF indies. And fancy belivieng the rich machine have knocked their doors.
Truth is MTF code will always show the past with perfection, but on real time just sucks and are useless.
You are seeing what is real. Blue pill vs Red pill (or just watch Matrix to understand what i"m talking about)
So, next time you fall in love with MTF think on me, and don't take the blue pill.
Till next post.
It's amazing that two years have past since this last post. But double amazing how effective this system is after five years.
Still working as worked on the first days but years after. Tell us how good is this baby.
Btw. Seems as soon EUR break Jun 2012 highs will go upstairs
It's amazing that two years have past since this last post. But double amazing how effective this system is after five years.
Still working as worked on the first days but years after. Tell us how good is this baby.
Btw. Seems as soon EUR break Jun 2012 highs will go upstairsYou can close now for 40 to 60 pips depending of your entry point. Not bad.
Seems uptrend is losing steam.
I expect market consolidation and minor downfall.
What will happen with Cyprus?
I expect the market following my hunch because the award is so huge.
Hello,
Same strategies, same results. Winners mosts.
If you don't move away and find your trading style nothing can stop you.
Hey Linuxser,
would you be so kind to post the latest set of indicators you are using?
I cannot find the Pivot and Fibonacci indis, and you seem to be using another demark trendline indicator than the one you posted few years ago, that newdigital translated.
A little zip file would be very kind
I'm still reading all your nice posts. Amazing work you have done here. Thank you.
Hey Linuxser,
would you be so kind to post the latest set of indicators you are using?
I cannot find the Pivot and Fibonacci indis, and you seem to be using another demark trendline indicator than the one you posted few years ago, that newdigital translated.
A little zip file would be very kind
I'm still reading all your nice posts. Amazing work you have done here. Thank you.Hi,
Pivots form here: https://www.mql5.com/en/forum/general
MACD from https://www.mql5.com/en/forum/general
Stoch use this: https://www.mql5.com/en/forum/177239/page7
Trendlines form here https://www.mql5.com/en/forum/general
This is a very good thread on the usage of basic TA indicators, showing that simple stuff does work if used correctly. The snap idea is very interesting too. Thanks Linuxser for the illustration of your system usage
Yours sincerely,
Wintersky