glyder
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its difficult to explain it in words as even though signals simple, rules and how i detect it is not but i will give the bones for signals. I use 12, 14 and 25 averages as line graphs they are called ma on the ig and capital graph. Where 12 and 14 cross trade shows. 25 gives prevailing direction but use directional indicator aswell to confirm. So examples. e.g take yesterday 8.33 12 14 crossed direction went red to green 25 on way up but direction showed green bit hesitant waited till next bar direction bigger green so trade. FTSE went up 40 points. Next example 13.30 12 and 14 crossed direction hit roof green buy ftse went up 35 points.Next example 14.57 12 and 14 crossed direction significantly red sell. Ftse went down 25 points if you held your nerve with 15 point trailing stop it went down about 75 points minus 15 trailing loss is 60 points. And theres lots more but even if i took these three big directional signals only i would have made plenty. Now my system is far more refined than this with my rules etc and gives me lots more winning trades but this is my knowledge and want to refine it before sending it out to the rest of the world. So now you have it.
Hi mr ptraderman,
I've been watching this thread develop from the sidelines, with interest, I've read the description you gave above and tried looking at the set up on a 1 minute FTSE chart. The 12/14 MA are so close to each other, I;m not sure if I have understood properly. When you have a moment, could you post a screenprint of a chart where you have taken a trade so we can see how your charts look?
Do you use the 25ma as a target or stop loss or directional indicator?
Many thanks