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Just like to know do u continue to trade with 3, 14, 40 SMA's or have you made changes to other 5 and 20 EMA?
Which one do you find better to trade with. I cannot tell my records show just about the same numbers 63.3% with 3, 14, 40 and 64% with 5 and 20. I also added ADXVMA 1.5 for flat support and resistnce.
Numbers about for 45 days in each set up.
My R/R is 2:1 I trade only 2 hours each day. I do not trade after 11:30 AM EST. Numbers are only for 6E
Can you help answer these questions from other members on NexusFi?
Iv just started to learn ur method, especially im concentrating on Method 1 ( post #71) for startup.
Here is today's NF morning session chart, on which ihv tried to locate 5 entries. Please have a look for possible mistake of mine and any other entry which i could not saw.
Trade 1 & 3 - chop area (ADX pointing down and below DM+ and DM-) so I would not consider these valid trade signals
Trade 2 & 4 - good trade signals
Trade 5 - there is recent resistance at 5425 so you may want to place your buy stop above that area or wait to see what price action does around that area before entering a trade
Trades 1, 2, and 3 are theorectically correct, but you would not trade them, because they are all in CHOP. Your ADX is below both the DM lines. Your decision to enter a trade is in realtime and not after the fact, so that although trade 2 worked out fine, you did not know that in realtime, and at that time you were in a lot of chop.
Trade 4 and 5 are fine. Trade 4 although is in Chop, BUT here we see that the ADX has started to TURN UP at the entry point, so this is a viable entry . Trade 5 has CLOSED above the resistance line and is good to go.
Choose whichever you want, that is either fast or slow as they are the same. Change the HMA by writing EMA. If you have choosen the fast one, then go down to plot area, and make the slow plot transparent. You will then be left with ONE line which is the ForceIndex EMA. Instead of a line you can make it into a bar type by changing the Dash style to SOLID, the Plot style to HASH, and the width to 90
