Entry (please use H1 timeframe):
- With template !system_sync: price is on the the Average Daily
Range (ADR 1.1) blue marine line imperatively
- With template !system_sync: price is on the the Average Monthly
Range (ADR 1.13) blue marine line or MonthlyPivot R1-3 or S1-3 (TPL !MA C W Pivot)
- With template !system_sync: price is above the Average Weekly Range
(ADR 1.12) yellow line
Interesting:
- With template !PRD_WWCCI: price is near past regression deviated
(orange) higher band, fibo (orange) higher band and atr channel (pink)
higher band
- With template !PRD_WWCCI: Weighted WCCI blue thick line is on
the higher red line
- Ichimoku cloud trend up if we sell, trend down if we buy
- Bollinger Bands on upper or lower band
- With template !PRD_WWCCI: SwamiRSI_v1 is stuck on the upside or downside imperatively
- With template !PRD_WWCCI: CyAn_1_Fty is near 0.8 or -0.8
- With template jm adr murrey: price is >= the orange +1/8 Ove
orange
line of Murrey Math on H1, H4, Daily, Weekly or Monthly timeframe
- With template !Corona:
- With template !Corona: TSCD
red histogram > < 0
- With template !Corona: Stochastic 5,3,3 near 80
- With template !Corona: RealMACD blue line is at least as high as the
yellow histogram
- StochasticRSI is at -1 or 1
- j_tpo > < 0
- One of the 2 sinusoids with the highest amplitude is pointing down (QChartist fftspectro indicator) (1 hour to monthly TF)
- The sinusoid with the highest amplitude is pointing down (red) (MT4 spectrometer_separate indicator)
- If sinusoid with the highest amplitude is not pointing down (MT4 spectrometer_separate indicator) but the 2nd sinusoid with the highest amplitude is pointing down, fftspectro sinusoid with the highest amplitude must point down.
- Optional but advised:
- You should use the Center Of Gravity on TF Daily or Weekly or Monthly to see if the direction of the trend is OK. (not required)
Don't trade against the trend.
- With the QChartist software: detrended price is near a line of the
Mercury or Venus or Earth indicator (resistance) (planet scale indicator)
If it is not the case, PlanetSqn on Daily TF or Jupiter - Saturn Cycle on Daily TF or Moon Scale on H1 can do the job.
In order to open the .csv MT4 charts from QChartist, you need to export
.csv files from MT4 history center.
- You can also use the TMA indicator to detect tops and bottoms with a timeframe of 240 set in the indicator settings (not required)
Example:
- The blue bottom enveloppe is below the marron bottom enveloppe
- The CoronaTrendVigor_v2.1 indicator is flat
- With TPL !MA C W Pivot We are near the Weekly Resistance 3 for the current week or for the previous week
- With TPL !MA C W Pivot We are on the MonthlyPivot R1-3 or S1-3 for the current month or on the Average Monthly
Range (ADR 1.13 TPL !system_sync) blue marine line
- Price must be > MonthlyPivot violet line if we sell or price < MonthlyPivot violet line if we buy
- With TPL !MA C W Pivot We are on the last line of MA Chanels FiboEnv Mid imperatively
- With TPL !MA C W Pivot With VWAP Oscillator: the 2 lines are > 0 if we sell or < 0 if we buy
- You can also use BB - HL and Moon Scale to detect tops and bottoms
Example:
- With TPL !Channels: we are near the upper or lower band of BB - HL
If the price still goes into the wrong direction:
- Wait for a green bar of RD-Combo to enter one more time (highly recommended)
- Look at the 3 bands on daily or weekly charts ( BB - HL , Vegas , MA Chanels FiboEnv Mid) (Vegas is very useful)
- Look at Jupiter - Saturn Cycle or Planetary Lines Convergence
If the price still goes into the wrong direction:
- Look at the previous bar of StepRSI_v2 on the weekly or monthly chart for >80 or <20 (not required)
If the price still goes into the wrong direction:
- Look at the Planetsqn indicator (Sq9Chapter15) (required if all other astro indicators are not ok) on the daily tf with Market Warrior or QChartist
- You can look at Past Regression Deviated Log (not required) with MA Chanels FiboEnv Mid
- You can look at Past Regression Deviated Log with MA Chanels FiboEnv Mid and BB - HL period 500 (Past Regression Deviated Log not required, BB - HL period 500 not required, but BB - HL period 200 and MA Chanels FiboEnv Mid highest or lowest band required)
(TPL !Channels)
- You can look at Monthly Pivots Points with indicator bowels (required if RD-Combo is not enough)
- You can look at TD Sequential if there is a 9 or a 13 (not required)
- You can look at ValueChartATRChannels with Fibo Fans and Pitchforks (not required)
- You can look at ZUP for a butterfly (not required)
- Finally you can use StepRSI 225 and Stepftvcprdl with Fibonacci fans,
Fibonacci retracements, Pitchforks, and Fibonacci arcs on 1 hour to daily charts like that: (not required)
- tradingview.com has the best historical data. It's recommended to use it for long term view of the market. Here it is on Monthly charts: (not required)
- DVI_VALUECHART with Fibo expansions (not required)
- With the Directional Volume Index indicator :
gold line must be > 0 and distant from 0 if we sell or
gold line must be < 0 and distant from 0 if we buy
Exit (Target Point) (please use H1 timeframe instead of H4):
With template 0tmacg:
- price reachs the Volatility.Pivot gray line
or
- stochastic 5,3,3 is near 20
or
- price reachs the Tma+CG middle dot line
Do not hesitate to use the PeriodConverter in MT4 Scripts if your TP becomes negative.
System #2 August 2022: System Sequential
This system is still under test phase but will give you more opportunities. It is much more simple. Use it at your own risk.
- TD Sequential is >=13 on Daily timeframe
- Optional: Price is near BB - HL Lower / Higher band on Daily timeframe
- Murrey Math on Daily timeframe is at least on the orange line + - 1/8
- Yearly Pivot Points indicator (MonthlyPivotcpp) max or min
- Average Monthly Range indicator (ADR Monthly) max or min
- Astro on Daily timeframe:
- Price bounce on Jupiter - Saturn Cycle
or
- Price bounce on PlanetSQN Chap 15
or
- Price bounce on Planet_Scale
- On Monthly timeframe:
- Use price action with Drawing tools (Fibo Fans or Fibo Rets or Ellipse or Pitchforks or Grids or Speed Resistance Lines or Gann Fan or Schiff Pitchfork)
and
- Use price action with Drawing tools that require the "Lock Price Time Scale relationship" (Modify Axis Type to Fixed and set the Lock Price Scale Ratio value according to the number of Displayed Bars. Then you can use Square or Triangle or Circle or Pentagram or Square from Center or Triangle from Center or Fibo Arcs (modify settings) or Seed of Life or Fibo Circles or Speed Resistance Arcs)
Exit (Target Point) (Hourly timeframe):
- price reachs the Volatility.Pivot gray line
or
- stochastic 5,3,3 is near 20 or 80
or
- price reachs the Tma+CG middle dot line
System #3 November 2022: Price Action System
This system only uses drawing tools (objects) and is still under test phase but will give you more opportunities. You just have to draw objects on your chart. We use some indicators, and geometry. Use it at your own risk.
Here are the following objects that you can use:
(the more object 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
- 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
- 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)
- (Hathaway https://help.optuma.com/kb/faq.php?cid=21 https://help.optuma.com/kb/faq.php?id=423) Triple Vector Concentric Circle + Drawing Tool from the Center of the Circle (or Parallels or Trend Line at 32.70 degrees (= 90 degrees - 1 Radian))
With the "Circle Given 3 Points" drawing tool.
- Moreover, we can also use scale dependant drawing tools to complete the analysis
- Useful tip : use the Time Series Forecast (TSF 225) indicator on Daily charts (increase bars back of the indicator and display 999 bars. And draw "Gann Fan" with price mirror setting between Bottom - Top of the TSF curve in order to find turning points efficiently.
- 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 can use all scale independant and scale dependant drawing tools to complete the analysis.
- You can also use the Planet_Scale indicator on Weekly TF to find turning points.
- 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.
Exit when price reachs the upper/lower band of TMA_CG indicator on 4H (240 minutes) timeframe. Or when price gets closer to the ATR Channel Upper/Lower Band on the 4H (240 minutes) timeframe. Or when price gets closer to the Volatility.Pivot Indicator on the Daily Timeframe.
If
my trading systems and software helped you to become a successful
trader, please make a donation with the button below. Thank you!
Click
here to donate
