Breakout System Most majors and TF's
First off, this system is nothing new, nor is it the holy grail of point-and-shoot cameras.
Like many relative newbies, I've been testing this system and that for over a year. 5 days a week from morning to night while studying candle patterns, Fibonacci levels and everything else related to them. Including throwing chicken bones on the table. 3 second system, 5m, 10, 15, 30, H1,, H4, D1, W1, M1, To be honest, I was so confused that I found myself lost and feeling very frustrated, helpless, disillusioned and disappointed in myself.
I then decided to retrace my steps using the two main indicators I started using over a year ago: the Murray Math Line and the DeMark Indicator.
While I use them separately from other indicators, I don't use them in combination.
Anyway, it's interesting that when we review our steps, things look a lot clearer than they originally did.
Not only does this system allow me to make clearer trading decisions, but it also shows me the actual action of the PA or the larger TF and encourages me to move up the daily and weekly charts to identify possible breakouts shown by the DeMark indicator and more importantly to identify false breakouts.
Anyway, here are the indicators
1: Murray Math Line
2: Inde TD De Mark
3: Instant trend line
4: THV3 price (borrowed from THV system)
5: RSI 8 RSI 13 + Stochastic Oscillator 10,3,3
6: Maximum non-LAG MA
7: P4 clock
The Demark indicator will draw a trend line and alert you when the trend line is breached. It also notifies you of possible take-profit targets for long and short trades. It also tells you in the upper left corner the prices at which longs and shorts may occur and the number of pips they may run before stalling or reversing.
Murray Math Lines show us important support and resistance levels where price may reverse, keeping us from overextending our targets or entering trades that don't have much room to run.
The Double RSI tells us how effective a breakout is and the Stochastic Oscillator tells us when it is wise to exit or enter a trade.
The Maximum Non-Lagging Moving Average shows us if the trend is changing, when it turns green above the blue instant trend line and points upwards and has good separation from the blue instant trend line, we know the trend is up, when it turns red and drops to or crosses the blue line, we know the trend is down.
I've been using this system on the 4 Hour TF and 50SL with great results, and I'm currently testing it on the H1 tf to try and lower the SL a bit.
This is not a fool's errand system, you still need to do your homework to ensure that the breakout is valid and there is enough room to move in the direction of your trade before reversing.
If this system can help someone like me who is lost in the trading system, then it will be worth the effort.
Also, if anyone has any ideas for improving the system, I'd be happy to hear them.
Disclaimer: Please read this article before downloading any files!
Like many relative newbies, I've been testing this system and that for over a year. 5 days a week from morning to night while studying candle patterns, Fibonacci levels and everything else related to them. Including throwing chicken bones on the table. 3 second system, 5m, 10, 15, 30, H1,, H4, D1, W1, M1, To be honest, I was so confused that I found myself lost and feeling very frustrated, helpless, disillusioned and disappointed in myself.
I then decided to retrace my steps using the two main indicators I started using over a year ago: the Murray Math Line and the DeMark Indicator.
While I use them separately from other indicators, I don't use them in combination.
Anyway, it's interesting that when we review our steps, things look a lot clearer than they originally did.
Not only does this system allow me to make clearer trading decisions, but it also shows me the actual action of the PA or the larger TF and encourages me to move up the daily and weekly charts to identify possible breakouts shown by the DeMark indicator and more importantly to identify false breakouts.
Anyway, here are the indicators
1: Murray Math Line
2: Inde TD De Mark
3: Instant trend line
4: THV3 price (borrowed from THV system)
5: RSI 8 RSI 13 + Stochastic Oscillator 10,3,3
6: Maximum non-LAG MA
7: P4 clock
The Demark indicator will draw a trend line and alert you when the trend line is breached. It also notifies you of possible take-profit targets for long and short trades. It also tells you in the upper left corner the prices at which longs and shorts may occur and the number of pips they may run before stalling or reversing.
Murray Math Lines show us important support and resistance levels where price may reverse, keeping us from overextending our targets or entering trades that don't have much room to run.
The Double RSI tells us how effective a breakout is and the Stochastic Oscillator tells us when it is wise to exit or enter a trade.
The Maximum Non-Lagging Moving Average shows us if the trend is changing, when it turns green above the blue instant trend line and points upwards and has good separation from the blue instant trend line, we know the trend is up, when it turns red and drops to or crosses the blue line, we know the trend is down.
I've been using this system on the 4 Hour TF and 50SL with great results, and I'm currently testing it on the H1 tf to try and lower the SL a bit.
This is not a fool's errand system, you still need to do your homework to ensure that the breakout is valid and there is enough room to move in the direction of your trade before reversing.
If this system can help someone like me who is lost in the trading system, then it will be worth the effort.
Also, if anyone has any ideas for improving the system, I'd be happy to hear them.
Disclaimer: Please read this article before downloading any files!
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