OmegaJ
Short

Trading system MA 34

FX:EURGBP   Euro Fx/British Pound
113 3 4
2 months ago
This system compromises of the following:

EMA 9, 13, 21
Fisher 34
MA 34
BB 34
RSI 13 or 14

Will be updating the system on comments section along the way.

Meantime
2 months ago
Trade active
2 months ago
Comment: Ratio for this trade currently employs minimum 1:1.

snapshot
2 months ago
Comment: Theory:

Price action trading comes first. Please do prepare daily or 4hr chart before long or short. Otherwise, Fisher(34) may indicate trend if you are that lazy.

Rules:

To long,
Bullish candle formation
RSI must be above 50. * RSI 50 has been tampered to show 0.
MA 34 must be below candle, or bullish candle cuts across MA34
EMA 9 must be above EMA 13 must be above EMA 21, or "X" formation
Fisher (34) must be above 0

Take profits area: identifiable nearest resistance or top of BB(34).

Stop loss : Low of trend.

Vice Versa for shorts
2 months ago
Comment:
snapshot


Basically there are two kinds of trades.

Breakout trade and short term scalp as shown
2 months ago
Comment:
snapshot
2 months ago
Comment: Lastly, to end off.

If price action does not support price to reach take profit levels, please do at least take minimal profit. Better than incurring losses

snapshot
2 months ago
Comment: To note:

EMA 9 or 13 , or 21 can be employed as trailing stop
2 months ago
Comment:
snapshot


Smaller candle provide better R:R
2 months ago
Comment: Big candle provides less R:R

snapshot
2 months ago
Comment: After series of back testing,

Risk reward currently runs at 50pips:30pips

Change to RSI 21.

Added volume for breakout or to spot major trend reversal.

Added EFI(21)
Raja8934
2 months ago
will look into this your trades are very well executed
Reply
OmegaJ Raja8934
2 months ago
It's more of a reminder or a note for myself, if one day I'm lost. This system works best on 1hr due to low pips,more like scalping strategy. 4hr works fine, but got to be careful with price actions
Reply
OmegaJ
2 months ago
Special thanks and all credits given to @Nmike for being a wonderful mentor on Clones and trix fisher system. This system is created on variation of trix fisher system personally created by @nmike.

Clones as support resistance areas.
USDCAD weekly Range Cloning analysis.....cautiously bearish


Trix Fisher system
The FISHER-TRIX- 34ma system
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out