truthisoutthere
Recruit
- Messages
- 10
Help Please
Hi folks, I am fairly new to trading. I bought John Templeton's Trading in the Buff about 4 weeks ago. I had several successes in the first couple of weeks but just recently trades have been harder to find. Anyway i downloaded the MOB. template and the Auto Pivot / Laguerre indicators after reading a lot of your positive comments. I would appreciate greatly if you could answer some questions I have because I am struggling having never really used indicators before.
If i'm looking at the 5 minute chart using the template and indicators. What exactly am I looking for? How do I know if to buy or sell? How do I know when EXACTLY to enter and exit? What is the Daily Pivot and Daily R1? There are two sets of Bollinger bands.....why? Please can you help........Many Thanks...Steven. My email is:- stevencampbell@talktalk.net[/SIZE][/SIZE][/SIZE][/SIZE][/FONT]
Spunkyone,
That would be great if you can make an EA out of this! Here are the steps:
Step 1:
Lag Indicator has to reach extreme levels first, which are 1.00(sell signal) and 0.00(buy signal)
Step 2:
Wait for the RSI to reach 75+ for sell and 25- for buy
That's it, simple as that...
Usually prices are above the yellow bollinger band when the Lag has reach 1.00 or 0.00.
Also the Stochastics indicator has reached extreme levels as well when the Lag has done so. The Stochs is just an indicator some people may want to use to enter trades when it starts to turn back to the other direction signaling the change in trend.
But just those two steps is all you need buddy, simple as that.
I hope that you can get this thing going soon, that'll be nice. Shoot me an email when you're done cenmon@gmail.com
Hi folks, I am fairly new to trading. I bought John Templeton's Trading in the Buff about 4 weeks ago. I had several successes in the first couple of weeks but just recently trades have been harder to find. Anyway i downloaded the MOB. template and the Auto Pivot / Laguerre indicators after reading a lot of your positive comments. I would appreciate greatly if you could answer some questions I have because I am struggling having never really used indicators before.
If i'm looking at the 5 minute chart using the template and indicators. What exactly am I looking for? How do I know if to buy or sell? How do I know when EXACTLY to enter and exit? What is the Daily Pivot and Daily R1? There are two sets of Bollinger bands.....why? Please can you help........Many Thanks...Steven. My email is:- stevencampbell@talktalk.net[/SIZE][/SIZE][/SIZE][/SIZE][/FONT]