Hello, Traders!

The machine I#8217;m going to introduce here has nothing new in it. I tried to explain it using some strict set of rules.

The beauty of the system is that initially it doesn't rely heavily on indiors. There's no such thing as ";if indior 1 does that and that and indior 2 crosses lvl such and such, I input8221;. I feel this kind of egy to be essentially incorrect because when you rely only on indiors they don't provide you the perspective of what price is performing.

Use indiors to direct your entry only after you8217;ve analyzed PA and you know exactly what pattern or version you8217;re playing. Be that Double Top or Bottom, Head and Shoulders, 1-2-3 Pattern e.t.c.

Use visual tools first #8211; fashion lines, divergences, S/R and fib lvls and then use indiors to input.

I don#8217;t even know how to emphasize more on this, but once you get this thought in your head, you may use any indiors you prefer for your own entries.

For our PA evaluation we8217;re going to use Trend Lines and Divergence. But before I reach the system's explanation itself let me speak about some important things that is general .

General Info:

1. Timeframe: I utilize 5M TF. It matches my needs of busy intraday trader the ideal. This doesn#8217;t mean that the machine won#8217;t operate on timeframes, but initially this thread is intended for intraday trading.
2. Timing: I guie to search during subsequent market hours: 5 GMT #8211; 11 GMT # 8211 and 8 GMT; 15 GMT. This is how the pro#8217;s do that, so rather than inventing the wheel lets just do what people who really make money on Currency Market do. I got these timing hours from among the greatest threads here onforexforum.co.za#8211; the Sonic R thread (https://www.forexforum.co.za/trading...m-20-pips.html). Plus that#8217;s Dean Malone does it on compassfx. So if for some reason you don#8217;t feel me, go and see exactly what these people tell you.
3. Pairs to trade: I exchange EURUSD with this particular system. Again, this doesn#8217;t mean it won#8217;t operate on pairs, instead I feel that first the technique needs to be mastered to the point at which no trade opportunities are missed by you on one pair. Add pairs only after you8217;ve believed that you're able to use it effectively with one pair.

Template:

Here I#8217;will explain the indiors I use and why I use them.

1. MACD (12, 26, 9) #8211; I utilize for seeing divergence and I trade only with its direction.
2. Stochastic (5, 5 , 3) #8211; I use it to see divergence at which it could#8217;t be identified using MACD.
3. EMA#8217;200 and s 20, 50 #8211; I utilize them for trend identifiion.
4. IB (Inside Bar) #8211; I use this indior to identify low-volatility areas in the market.
5. Fractals #8211; I use these to spot points and pullbacks for drawing fashion lines used.
6. Semafor (8, 13, 34) #8211; I use this indior to identify price swings and factors which are used for fashion line drawing.
7. PivotsD_v5 #8211; I use this indior for identifying intraday S/R lvls and targets.

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Update:

Read post #42 for further entries we are considering at this thread: https://www.forexforum.co.za/general...-question.html

Read subsequent posts for some additional helpful info:
https://www.forexforum.co.za/general...city-baby.html
https://www.forexforum.co.za/general...t-trading.html
https://www.forexforum.co.za/general...city-baby.html
https://www.forexforum.co.za/trading...l-freedom.html
https://www.forexforum.co.za/attachm...4879798799.tpl
https://www.forexforum.co.za/attachm...5410201396.ex4
https://www.forexforum.co.za/attachm...1723802539.ex4
https://www.forexforum.co.za/attachm...8992400373.ex4