To begin with, I wish to convey a highly Healthy And Wealthy New Year to all of you.
In a quest to improve my trading, in conjunction with my trading style, strategy and my trading temperament, since last couple of months I have been working with a system which I wish to share with you all. The results are quite satisfactory.
My new system as follows:
Market: NSE India
Instruments: IDFC, JSW Steel, SBIN, Tatamotors and USDINR
Charting software: Ninjatrader
Indicators used: HMA, Bollinger Bands, MACD, TRIX & RSI and Pivot Points
Time frames: 933 sec., 456 sec., 321 sec.and 231 sec.
Indicator settings: HMA-26, Bollinger Bands–14, 0.26, MACD–12,26,9, TRIX-15 & RSI–14,6
Entry Methods:
For Long Bulls:
1. Price is clearly above HMA & Bollinger bands
2. MACD histogram is above zero line
3. RSI above 50
4. TRIX above Signal line
For Short Bulls:
1. Price is clearly below HMA & Bollinger bands
2. MACD histogram is below zero line
3. RSI below 50
4. TRIX below Signal line
I use RSI & MACD to study, as always, the strengths and weaknesses of the price movement. Despite my having used, on & off, HMA and Bollinger bands since 2008, I never realized the full potential of them until recent past and since then, I have been able to improve my trading. The system is self-explanatory and if you need further clarification, I would love to guide you through.
Healthy And Wealthy Trading
sureba67
