I understand, I have started a number of threads with different systems.
Forex has improved with every attempt and I am always profitable today.
The open forum allowing input and feedback from traders will be invaluable.
So, here we go again. Maybe we can take things to another level once again.
This is very neat and clean. Thanks to guernica on the alf indi for hint. I have never seen anything quite like it.
Formerly I was relying upon an ema station, a 21 sma along with an 8 ema to identify trends, entrances and exits. Alf does away for the need for all of that, and gives more precise signals.
Initially this thread was started on systems, but I don't think it's quite ready yet. We are going to call journals dwelling for some time...
don't hesitate to post. Welcome input, opinions, remarks....
This is not a scalping system, there's absolutely no reason that I see that somebody could not accommodate it for scalping, but I am searching for short, medium and long-term positions.
I love to mark the primary trend on the weekly chart so that it bleeds through to the day chart. I do so by finding where price action closes over alf for below or long alf for short and placing a color coded rectangle over the region, dark reddish for short and dark blue for longterm. This shows a color field on lower time frames.
There are two entrance signals using alf and verifying with macd. I love to test out obv also simply to make sure there is quantity in the ideal direction. There is a 200ema on the template. I like to keep an eye on it since it acts as powerful s/r. If I look at lower time frames I search for proximity to the 200ema and also the Wood pivots, along with other s/r. Just try to find out whether there are clues, perhaps a pattern is growing, or a trendline has been analyzed. Whatever. Nevertheless, the principal sign is alf/macd.
Entries long:
1. In a blue field when pa closes over alf or has pulled back into alf and touched alf and then closed up and macd and indie line have crossed up. Obv supports. (continuation)
2. ) In a red field if alf turns upward and pa action closes over alf and macd
supports. Obv supports. (reversal)
leaves long: (I open two positions)
in blue or red field
First stop on entrance for both positions is just below alf or the previous candle so if that is too
much risk I could pass up entrance for that commerce.
1st position after 25 pips or longer. Cease for 2nd position set b/e
spread.
2nd position trailing stop follows alf - spread.
For short just the reverse of long...
That's pretty much it.
The 1st gif is a forward test of EU on the day chart on the simulator that shows how the transactions look. The 2nd gif is the weekly chart together with all the alf crossings marked.
I have been trading micro with exceptional outcomes.
I don't know everything. Learning everyday. However, this is the best yet. Let's see where it belongs.
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