For new traders seeking mentorship, sir Ronal’ guidance and supportive style creates an optimal learning environment to foster growth and success in trading. what a man with people’s interest.
His technical analysis is excellent and his interpretation/projections of the market are so accurate’ The point is Ronal’ is the perfect trader to follow for advice and guidance
For objective testing, you need to look at the chart bar by bar, as Dr. Elder teaches. Otherwise, you will not see hundreds of false signals leading to losses.
The leading stochastic signal, and RSI & MACD signals don't align in time series. That poses a problem for vectorized backtesting and algorithmic execution. Moreover, in your example, the MACD crosses after missing, or giving up a massive portion of potential gains apparently due to lag.
This strategy is very effective but sometime I get confused where to keep my target. Can you please explain how to choose exit targets before the trend changes. Thank you
My strategy is similar but am using 3xEMA, i am starting techical analysis in daily time frame down to 1h and i am watching simultaneously a pair in 1m 5m 15m 30m and waiting for stochastic and rsi to be aligned in all time frames and also the fast rsi to cross the slow one...monitoring pricing action and reaction levels are crucial as always. In ranging markets i go for 1/1 risk reward or 1/2 risk reward, in strong trends i had wins of 500+pips. My last big win was friday EURJPY 80pips in 75 minutes with 10pips SL!
rsi, macd and stoch are the most commonly used indicators. When all three come together as shown in the video, you have the beginning of a nice trend. My only suggestion is to experiment with a better MACD.
Concentration on "overbought/-sold" by simultaneously ignore the shown indicators (well known and reliable!) divergence signal's capabilites reduce the achievable difference between entry and exit significantly and I seriously wonder, that such outdated methods still are advertised, especially in case of more short term strategies. This said: Although the mentioned methods work, of course, they are far from making use of capabilities of the three indicators in use here.
You have made 2 videos on the same topic but in both of them, you have not recommended any target point. I request you to answer on that here. Thank you! Your all videos are awsome.
step 2 is jump in time in the examples, what i mean, step 2 doesn´t happen, I think it should be better see taking position in a living market, not a picture...
Does everyone know the difference between a "leading indicator" like a "crystal ball" and a "lagging indicator", like pretty much every indicator you can see fit to plaster all over your charts, including Fibanocci studies?
I am not here to talk to about her, but to testify to something that l am confident and that I am suI agree with youI agree with youre she is the best option ever.
Please sir can try this fantastic indicator: First indicator. LINEAR weight 20 Shift: -1 Apply: close Style: 4 pixel Second indicator LINEAR weight 20 Shift: -1 Apply:previous indicator Style: 4 pixel Last 50 EMA
@lucas.1m The RSI is a momentum indicator, one of the best in the world. Only idiots ever use it for overbought and oversold. It was not meant to be used that way by the inventor Welles Wilder.
This is nonsense. All three of those indicators are lagging. If you think you can use this to take money from professional traders... go ahead give it a try. There are no easy ways to win in the markets. This is no exception.
this does not work and akondodate ema, but it can serve you as an aid when trading. I even made a bot with these settings, the results are less than 40% successful. Forget this nonsense
