I am fairly new to this but have been testing out this technique with stochastics and MACD and it works well for me.
Once stoch goes bullish from oversold, wait for MACD to cross and confirm a bullish trend is emerging and buy.
When we have reached a peak and it's time to sell - stoch will cross to bearish from overbought followed by MACD.
This works well with...
Bullish Shark Ratios
B (XA) = 0.618 Maximum
C (AB) = 1.13 ~ 1.618
D (BC) = 1.618 ~ 2.240
D (XC) = 0.886 ~ 1.13
StopLoss Below D
Targets : 0.382 & 0.618 CD of CD
Go Long when point D is completed according to above ratios and when it is confirmed with oscillator such as RSI Divergence
Hello, i posted before a chart about this trading system, you can check it on related ideas below.
Here is another good example real-time on AUDUSD. I wanted to repeat the process and share some tips based on my own experience.
1) We found a clear downtrend (series of HH,HL)
2) The downtrend is broken and a Higher High is formed (convergence)
3) We confirm the...
October 2015 Update:
The magnitude of the decline still isn't that great here, as the trend turned down in September with HYG at a little over 91. It is down to 85.11 (and HYG has paid monthly dividends of roughly 40cents for 12 months now, so they are really at a small 1 point or a 1% loss right here). Still, when risk taking earns you a loss after 12 months,...
