Trading the Daily | Forex Indicator Download - MT4/MT5 Resources
I opened this at the request of some Fibonacci thread readers who were looking for something to trade while still keeping your day job and being able to sleep at night.
Take more trades from the daily chart at the opening of each new daily candle.
The principles are the same as my Fibonacci thread, but this is more of a method or strategy that can suit everyone's needs.
It's still Fibonacci at its core, but uses some basic indicators and some basic price action strategies already installed.
All you need is:
daily chart
simple stochastic indicator
2 horizontal lines
and Fibonacci (you can learn the basics in my Fibonacci trading thread)
I've posted the basic rules in PDF and Word Doc formats, the numbers aren't very clear in the docs, so I'll post those in the following posts.
There is also a template set up as we are now waiting for the Sunday opening
I have added version 1 of the indicator which shows entry and exit points as well as trailing stops for the previous candles, the indicator is new and has not been forward tested yet which will start this week so I am not sure if it will track correctly as this is the first try.
Current location and total
Win/Loss: 13/5
Current Deal: #18
Current position: None
Current goals:
Current stop loss:
Total transactions completed: 18
March 2008 total: 735 points
April 2008 total: 714 points
Current month: May 2008
Current Week 1 Total: 178
Current Week 2 totals:
Current Week 3 total: 39
Current Week 4 totals:
*Any updates and videos will be posted in the 1st post*
Link to Fibonacci lines http://www.forexfactory.com/showthread.php?t=50767
Take more trades from the daily chart at the opening of each new daily candle.
The principles are the same as my Fibonacci thread, but this is more of a method or strategy that can suit everyone's needs.
It's still Fibonacci at its core, but uses some basic indicators and some basic price action strategies already installed.
All you need is:
daily chart
simple stochastic indicator
2 horizontal lines
and Fibonacci (you can learn the basics in my Fibonacci trading thread)
I've posted the basic rules in PDF and Word Doc formats, the numbers aren't very clear in the docs, so I'll post those in the following posts.
There is also a template set up as we are now waiting for the Sunday opening
I have added version 1 of the indicator which shows entry and exit points as well as trailing stops for the previous candles, the indicator is new and has not been forward tested yet which will start this week so I am not sure if it will track correctly as this is the first try.
Current location and total
Win/Loss: 13/5
Current Deal: #18
Current position: None
Current goals:
Current stop loss:
Total transactions completed: 18
March 2008 total: 735 points
April 2008 total: 714 points
Current month: May 2008
Current Week 1 Total: 178
Current Week 2 totals:
Current Week 3 total: 39
Current Week 4 totals:
*Any updates and videos will be posted in the 1st post*
Link to Fibonacci lines http://www.forexfactory.com/showthread.php?t=50767
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