Thread: GBPUSD

Originally Posted by ;

I simply exchange what I see- It doesn't get any easier than this for a quick scalp. Now I can sleep through the London session

Good trade!
I miss-read the very first moment. Do not look at the time framework! Lol

I am not comfortable trading those moves yet. Though, after 9 months viewing this stuff I am beginning to get a sense for that accumulation that happens beforehand.

Cable found supported that BoE MPC will hike than later, despite signs of slowing US growth. UK Sunday Times article, and previously UK FT post that BoE Dep Gov Andrew Gieve stating BoE gave consideration to a different increase in Sept.. UK Sunday Times: The Bank of England is set to raise interest rates further, possibly as early as next month (October 5-6), even though increasing signs that the American market is slowing sharply.

Summit, what indicator are you currently using for your pivots, if you're using one? The one I'm using has pivots in different spots than yours ( /- 10 pips)

Scott,

I picked it up here at FF. It's automatic and is called FIBO PIV v2. I have tried several different ones but I enjoy this one the best. I don't know how to post it I would for one to look over.

Originally Posted by ;

This procedure works really nicely for scalping. I mean you can watch the Broncos beat the stuffing out of the Partiots and wait for crosses. Here is the usd/jpy
at roughly exactly the same time. FWIW.

Cool. You are crossing the 5 ema along with the rsi(8) and rsi(21), correct?

I plotted a 8 ema (red line) using a 21 rsi(red and green ) and another 8 rsi(blue line). I can not lose with this method that is simple. Fantastic luck-Enjoy

I took out the Bollinger Bands and additional the 21 rsi


Here you go;

we've been unable to monitor the origonal author of this indicator.
It has been improved by adding a user defineable moving average
Trigger Line. The indicator is very suited to reduced timeframe intraday
trading and uses 3 Cross Verification techniques inside the same indicator

1. Bollinger Band's -- volatility analysis
2. RSI Analysis -Momentun
3. MA Trigger -- user preference -- signs climbing momentum
Trade Setup Signs

For lesser timeframe short term momentum trading Alerts

. First Trigger”alert” as RSI moves over Moving Average Trigger Line

. Failure to get outer edge of Bollinger Band on swing Low/High (potential
Divergence, not shown in the example below)

. Growing RSI over 50 level for extended, under 50 Grade for brief commerce

. Bollinger Band Centre Line Support

. Fibonacci Retrace service (where Possible)

From the case given below we have a classic short-term momentum installment as most of
our alerts become involved. Using the Fibonacci grid because our 4th cross
confirmation entry tool this can also be used as ourinitial stop reduction method as
explained below.

Entry may be obtained in keeping with the traders private risk profile and
transaction program, a reasonable risk level can be achieved by means of”cross
verifications” in the traders trade plan, a minimum of 4 cross verifications
should be utilised to boost success possible.

Intial stop reduction: Possibilities are a close beneath the fib retrace at .618,
.786 (not shown) or even 100%. Alternative methods normally employed from the
trader should also be analyzed

Trade Management; permit profits to run as RSI pushes through the Bollinger
band outer lines and the transaction is managed by tracking in real time that the
connection between increasing price and RSI postion to Bollinger Bands, a closer of
the association between the Bollinger Bands and price doesn't necessary mean
the momentum has fully stopped, often a breather is taken and also the
expansion will last. Take profits according to your trading risk profile or
use an entry as described below


Exit: Conditons for exit of the transaction can function as follows

• Profit targets fulfilled
• Double top in both RSI (second top interior BB's) and price action
• Candlestick formation
• RSI closes under the MA trigger lineup for Extended commerce, above for brief
commerce
• Any othe conditions normally used from the trader to depart

Hi summitfx,

I tried hunting FIBO PIV v2 but it only returned the post you did below. Do you mind attaching the file ? There should be an Attached Documents to Your Post button when composing a message...

Thank you a lot. Much appreciated.

Originally Posted by ;

Scott,

I picked it up here at FF. It's automatic and can be called FIBO PIV v2. I've tried several distinct ones but I enjoy this one the best. I don't know how to place it I would for you to look over.

This is a recap of this transaction with BB. You will also observe there wasn't any reason for me to exit the transaction premature dependent on the rsi's.

I did not realize it was so simple. Let me know if it does not work.
Cheers,
https://forexintuitive.com/attachmen...7652939387.mq4