athenaOt
10-12-2016,
Last week I experimented with matching my own chart setups with a Parabolic SAR/MACD Forex Scalping Strategy that worked out pretty well, so this week I’m going to take a crack at that same sort of thing by matching my own setup with a Stochastic Oscillator and RSI Strategy (http://www.clkmg.com/list/stochastic-rsi).
http://www.trade2win.com/boards/attachments/trading-systems/230142d1475506680t-combination-stochastic-oscillator-rsi-strategy-stochasticoscillatorrsi.png (http://www.trade2win.com/boards/attachments/trading-systems/230142d1475506680-combination-stochastic-oscillator-rsi-strategy-stochasticoscillatorrsi.png)
Using D1 charts, I will enter positions in conjunction with the first candlestick that opens and closes inside (and is completely encased within) the intermediate (blue) envelope as price moves back in the direction of the trend after having spent time to the outside of the envelope and opposite the trend (see the small red circle in the chart on the left-hand side of the screen capture).
http://www.trade2win.com/boards/attachments/trading-systems/230142d1475506680t-combination-stochastic-oscillator-rsi-strategy-stochasticoscillatorrsi.png (http://www.trade2win.com/boards/attachments/trading-systems/230142d1475506680-combination-stochastic-oscillator-rsi-strategy-stochasticoscillatorrsi.png)
Using D1 charts, I will enter positions in conjunction with the first candlestick that opens and closes inside (and is completely encased within) the intermediate (blue) envelope as price moves back in the direction of the trend after having spent time to the outside of the envelope and opposite the trend (see the small red circle in the chart on the left-hand side of the screen capture).