Thursday, November 10, 2011

TREND DIP AND RALLY

I want to demonstrate another intra-day trading style using the fisher indicator. You will need fisher indicator in the 1min and 30min timeframes.

- Apply Fisher 500 period to your 1min timeframe
- Fisher 20 to your 30min timeframe and
- Default stochastic to your 30min timeframe.

Your trend should be the 500 fisher in 1min confirmed with 20 periods fisher in 30min.


In a BUY trend, wait for stochastic in 30min to go below 50level. Then its good to plan a BUY

In a Sell trend, wait for stochastic in 30min to go above 50level. This its good to plan SELL.

Its a good trading plan if you have patience.

Please leave a comment if you have questions.
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1 comment:

  1. Crystal ExperieceNovember 12, 2011 at 7:12 AM

    I also need to tell you never to trade against 1hour stochastic of 30,8,18 its important please

    ReplyDelete

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