Ideally for use on 1Hr charts.
The Candle colours are as follows…
Light Blue for an UPTREND (Candle is above both Blue MA lines).
Light Pink for a DOWNTREND (Candle is below both Red MA lines).
Candle is Black when the MA line colours are not in sync (i.e. one Blue and one Red).
Ideally, when the Candles are in an UPTREND then you want to be trading Above the Gold colour Daily Open line and when the Candles are in a DOWNTREND you want to be trading Below the Gold Daily Open line.
The Large background Candles on the 1hr chart shows the Daily Candle movement. You want to be using a broker that has their server set to NY Close. You have the option to choose your own parameters from within the indicator’s input menu to suit your own style of trading.
Currency pairs: majors.
AR ZZZ Currency gold
Murrey Math levels lines,
Period open line,
Price Zone indicator,
Price signal indicator,
RSI T3 candles,
RSI T3 histo,
The list D1 – H4- H1 inicators.
Trading is not rocket science and you do not need hindsight to make Pip$.
Just a little common sense…
Here is a screenshot showing six 1hr charts covering most of the main movers.
Just take a look at the ADR figures in the Info Panel.
With currencies GBPNZD & GBPAUD tend to move the most, just now their ADR’s are showing +144 & +143, when the markets move their ADR’s tend to be +200.
Re Indices, HK50, Dow & Dax tend to move big too, their ADR’s are currently +271, +189 & +120, when the markets move their ADR’s tend be +100 more than what is shown.
Gold is sitting around +91 ADR and when the market moves it can easily go +200.So if you monitor these six charts you should be able to make anywhere between 100 to 300 Pip$ per day.
Stay away from black candles and try and trade with the Trend (blue candles UP trend and pink candles for DOWN Trend). Watch the main anchor semafor on the 1hr (Red top & Green bot) along with the minor white dot semafors. Look for zigzag moves, pullbacks then impluse moves which should coincide with our trend colour scheme. This is where the most Pip$ are made.
Traders watch for breakout moves, well a lot of these breakouts happen when price crosses the main Trend line, and these crosses tend to be after a pullback move followed by the cross impulse move that just keeps going and going in the new trend direction.
If you watch for these pullback/impulse moves at the Main Trend then you will see hindsight in the making.
In the Figure Xard Manual Trading System in action.