Monday, July 4, 2011

Parabolic - Stoch -RSI

1. Look at 2 time frames. (M5/M30, M15/H1, /H1/H4, H4/D1)
-trend at either m30/h1/h4/d1
-entry at either m5/m30/h1/h4

2. Look at trend.
-parabolic must be buy/sell
-Stochastic must be just from overbough to oversold or vice versa
-RSI must below/above 50

3. Look at entry TF accordingly.
- Conditions must match the trend conditions above except that stochastic not
 necessarily from overbought/oversold.

4. PLot Fibo expension to determine TP.

5. Set SL below the entry bar

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