Quote:
Originally Posted by Jude
it looks really nice. I'll load them again when I'm at home. how's trading so far for you Jose?
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Very good Jude, although I am using pivots with another indicator that only places them automatically (I used to place them manually but now it saves me some work).
I follow the trend in daily and weekly charts, then I go to 1h chart, look at rsi (20, 50 and 80 levels) and sometimes these 3 emas (5, 13 and 62) and when I see some confirmation (if there are not important news) I place buy/sell stops (+/- 5 pips up or down the pivots) in 5 pairs: eur/usd, usd/chf, gbp/usd, usd/jpy and gbp/jpy
I use 30 as stops loss of these pairs, except gbp/usd and gbp/jpy: 40
And of course the power of trailing stop
(not in marketiva, they haven't trailing stops and I must do it manually)
It's a great trick when you are gaining to change the stop loss to save your pips
It's a simple method and it works for me.
http://noponzi.com/resultados/mark5.jpg
My girlfriend is only testing the strategy that I found in that Blog (20pipsdaily) with good results these days.
Simple pivots indicator:
http://noponzi.com/indicators/SDX-TzPivots.mq4