salam alikom and happy ramadan my friends
About writting in arabic, its just that i will take like 1 min to write a single word!!! so NO harm feelings and all my respect to my favourite language ARABIC, and yes my friendkoko i used to write at forex factory and iam more than happy to join this arabic great site
Lets start the fun and our MAD MONEY trades
Prepair ur charts at these simple and usefull indicators
we will just use the 30 min time frame
we will use the regular RSI with period "7" and apply it on high, the levels will be 75 ,25, 50 (we will add 40,60 later
we will use Awesome oscillator (u can find it in custom indicators) and we just add " zero" as a level
thats it!!..YES..THATS IT..just use an indicators u can understand and work with.
HERE IS SOME TIPS WE MUST SHARE: 1
FIRST: WE WILL USE BOTH INDICATORS to determine the entry point, i mean the combination of both,WE CANT SEPERATE THEM OR USE JUST ONE OF THEM TO DECIDE THE ENTRY POINT.
SECOND: Awesome indicator will help us to follow the trend and stay updated to changes in trend, and i will explain how I WANT everyone to read it and explain how does it work: as using "zero" level as the base of the changing in the trend , green sticks belongs to up moves and red's to down.
When green sticks are ABOVE the zero level we are 100% in an up move, but when the green sticks are UNDER the zero level we are in a correction up during the down move, and its NOT A CHANGE IN THE TREND BEFOR ITS ABOVE THE ZERO LEVEl. IN the other hand the red sticks show the exact opposite of that, when they are UNDER THE ZERO LEVEL WE ARE 100% IN DOWN TREND, and when its above it , its just a correction during the up move
BE AWARE THAT THE ZERO LEVEL DECIDE WHAT IS THE MAIN TREND, GREEN UNDER THE ZERO LEVEL IS A CORRECTION AND ITS NOT A CHANGE IN THE TREND BEFOR IT CROSS THE ZERO LEVEL AND RED ABOVE ZERO LEVEL IS STILL A CORRECTION DURING THE UP MOVE UNLESS IT GO UNDER THE ZERO LEVEL.
THIRD: for accurate reasons and healthy trades without any headache we MUST use both indicators, how?? lets see
IN A VERY SIMPLE AND FAR AWAY FROM ANY COMPLICATIONS we just hunt the entry points when our modified RSI touch or go above 75 level and AT THE SAME TIME our AWESOME indicatore turn to RED, even if it was above the zero level,BE HAPPY ITS A SELL SIGNAL u can join the trade!!
In the buy condition our RSI will touch or be under the 25 level AND AT THE SAME TIME OUR AWESOME INDICATOR WILL TURN TO GREEN EVEN IT WAS UNDER THE ZERO LEVEL, AND YES BE HAPPY TOO ITS A BUY SIGNAL GET IT.
ok, some notes befor we start
this strategy is useful for traders who like to hunt pips quickly and easly, and at the same time is more useful for traders who like to be patient, and remember stay away from the news and we JUST NEED our 10% daily target and stay away
MAKE IT EASY..MAKE IT FUNNY
thanks alot
i ll be here to join u everyday .