Here are the following objects that you can use:
(the more objects you can draw efficiently, the more reliable will be your signals)
Works well on Forex, Indices, Crypto and Commodities.
We use Daily or Weekly charts with maximum number of bars (about 1000 bars).
We use scale independant drawing tools, here is the list:
- Trendlines
- Fibonacci Retracements (between 61.8 and 78.6)
- Parallel lines (use it imperatively)
- Ellipse (between 61.8 and 78.6)
- Andrew's Pitchforks
- Schiff Pitchforks or modified or inside in Settings
- Fibonacci Fans (with price mirror setting) (between 61.8 and 78.6)
- Speed Resistance Lines (with price mirror setting)
- Gann Fans (with price mirror setting)
- Gann Grids
- Oriented Cycles
- Fibonacci Triangle from 3 points (between 61.8 and 78.6)
- Fibonacci Rectangle method 1 or 2 in Settings (between 61.8 and 78.6)
- Fibonacci Diamond (between 61.8 and 78.6)
- Fibonacci Rotated rectangle method 1 or 2 in Settings (between 61.8 and 78.6)
With the "Circle Given 3 Points" drawing tool.
- Moreover, we can also use scale dependant drawing tools to complete the
analysis
Here are the indicators that you can use:
- Murrey Math Daily or Weekly red lines (use it imperatively)
Use it on 4H TF only if you trade indraday (use it imperatively)
- DVI_Valuechart OR TSF 225 (see Useful tip below) Daily or Weekly with
drawing tools (optional if intraday)
- Average Monthly Range (ADR 1.13) near pink or light blue line (optional)
- Center of Gravity and Past Regression Deviated 225 on Monthly chart
(optional)
- Useful tip (use it imperatively) : use the Time Series Forecast (TSF 225)
indicator on Daily or Weekly charts (increase bars back of the indicator and
display 999 bars.) And draw "Gann Fan" or "Fibo Fan" with price mirror setting
between Bottom - Top of the TSF curve in order to find turning points efficiently.
Or with Fibo Retr., pentagram between bottom and top of TSF. (optional if
intraday)
- Another powerful tool to complete the analysis is the use of the chart type
Sinusoidal in the Menu Edit > Chart Conversions > Convert chart to Sinusoidal.
On the sinusoidal chart (varying from -1 to 1), we use all scale dependant and
independent drawing tools to complete the analysis. (optional)
- You can also use the Planet_Scale indicator on Weekly TF to find turning
points. (optional)
- MogalefBands4 Daily, Weekly or Monthly (optional)
- Harmonic Patterns, Zup, Search Patterns indicators (useful)
- Anchored VWAP channel top/bottom with all bars on 4H or daily TF (useful
because it is self similar on all timeframes)
- Stochastic RSI (5,5,5) near 1/-1 on 4H TF (use it imperatively)
- CoronaTrendVigor Max/Min Flat -10/10 on 1H TF (use it imperatively)
- Spud2 >=90 or <=10 on 4H TF (use it imperatively)
- Price is near higher or lower band of DinFiboHigh cpp indicator on Daily TF
(use it imperatively)
- You should also verify that the price is on top/bottom of Bollinger Bands and
BB-HL and ATR Channel and Ma Chanels FiboEnv Mid and Din Fibo High and
Past Regression Deviated Log on 5 min TF (use it imperatively)
- You should also verify that the price is on top/bottom of ATR Channel and Ma
Chanels FiboEnv Mid indicators on 4H TF. (use it imperatively)
Exit when price is near Volatility.Pivot or when valuechart indicator is near 0 on
4H TF. Or when price is near BB middle band on 4H TF.
- If the price goes into the wrong direction, we wait for the price to reach the
Murrey Math indicator +- 2/8 Ext Red Line on the 4H (240 minutes) timeframe ;
and we enter again at that market price.
More risky : Exit when price reachs the upper/lower or middle band of TMA_CG
indicator on 4H (240 minutes) timeframe. Or when price gets closer to the
Volatility.Pivot Indicator. Or with stochastic 5,3,3.
If you want to trade on intraday timesframes anyway, use the valuechart
indicator (when value is near 4/-4) as exit signal. This indicator is more sensitive
to price changes.
This is my favorite trading system and the one i use regulary. Hope you will
enjoy too.
