Guys, so what are the final rules?
Hey guys i hear that alot of people are having issues with the 3min and that the move is over by the time the rules are ok.
So i have done a niffty changest to it that will make you get alllllll the move and
dont worrie that much about moving average .
What you need is the following:
1: 1minchart with 10ema + Normal slow stochastics
2: 3minchart with 10ema + Normal slow stochastics+Normal Macd with 12,26,4 settings
3: 10minchart with 10ema+Normal slow stochastics
4: 30minchart with 10ema+Normal slow stochastics
Rules that never can be broken :
1:Always have the 3min on your side and the macd on yourside, it needs to be going up
when thinking long and needs to be going down when short.
2:Always have the 10min on your side ALWAYSSSS
3:And prefer having the 30min on your side, if 30min is on your side then go normal or many contracts. If you its against you, go normal and dont expect the move to have more then 2 trades in it.
When do i go short:
1:When price is below all the moving aveages, that means price needs to be below
1min charts 10ema +3min charts 10ema + 30min chart ema + 10min charts 10ema and the 3min macd is on
yourside.
2:Then go short at marked when when the first 1min bar closes below the last ema.
If the 1min is oversold by the time you want to go marked, let the price break the last
ema and then do a retracement on the 1min charts 10ema.
Just make sure that 3min charts stoch and the 10min charts stoch is on your side
and the 3min macd
Where do i cover:
1:First of all, use a 20tick stop.
2:Take first target at +10 and then move stop to -8 behind entry.
3:Then trail the last contract until the 3min macd starts crossing back up.
This will make you get much much higher targets and ur risk reward will most likely be
1/3 or higher.
Whenever price reached round numbers like 8400 or 8000 or 8200 then consider not doing any trades and wait for it to either break or bounce back up.
Try this method out and you will be amazed how well it works, and its as easy as it gets and will give you many good trade true the day.After some thoughs, the method i have writen is okey but its very complicated and takes alot of effort to get it done right and
need alot of consentration. So try this please, and im sure you will do great with it
and give you ALOT better results then the lastest method.