I introduced this FISHER -TRIX system on the chat message board some time ago. A few traders are using it so I thought it would be a good idea to share it with all the members. The basic price trend up is when the FISHER and or the TRIX 10&14 are above mid point and down when they are below mid point. But if we just use the above/below mid point as entries it will often be too late, so this system makes use of divergences, over extended indicators moves, basic candle stick patterns and BB (34) boundaries. Often you will see the TRIXs lines far apart from each other, usually that's a sign the price is over extended, I call this the TRIX BUBBLE. The RSI(14) is a good addition to this system.There is a few more minor guidelines but I'll leave those for next time. Good for all time frames.
Comments
nmike
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....a reliable positive divergence Bollinger Band squeeze breakout setup,what makes this setup extremely reliable is the Trix14 close to mid point and the rest above mid point
nmike
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....another sample set-up
nmike
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When Trix 7,10,14 and FISHER are all above mid point any dips in the Trix 5 is a go long opportunity
76mako
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i like it , will have to add to my bag of trix
ShPro
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Love this.. Thanks
PPPStrategy
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Thanks for sharing.
Great system by nmike!
VovoChara
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Very nice. Thank you
nmike
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.......more sample set ups
ForexTools
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Thank you !!!
nmike
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You Welcome,.....any questions about the system let me know.