Possible Countertrend Trade Setup Here is a possible live trade setup:
It can also display the price label. Download All Time Pivots Indicator You can set 3 different price space in the indicator setting. Download MT4 Number indicator here Subscribe to my RSS feed and get loads more! Mail will not be published. I have added liveforexsignal. OsMA is an abbreviation for the term oscillator of a moving average. The OsMa or oscillator of a moving average is a useful indicator of trends and relationships between data.
The OsMA relationship is one of the most fundamental in technical analysis. In technical analysis the MACD is a type of trend-following momentum indicator that shows the relationship between two moving averages of prices. Over time, analysts have developed many other indicators for similar purposes, making use of different oscillators and moving average calculations.
The OsMA is a type of indicator that technical analysts use. For investors there are two main schools of thought: I modified it to show different colors when OsMa is increasing or decreasing, and is above or below the Zero line.
In addition, I added a multiple time frame parameter. Leaving it at 0 will show the current time frame. Attached is my indicator. Here's how I set it up: May 13, , 2: Here is a trade example using OsMA: Here is the same example showing the entry candle: May 13, , 3: Here is an example of when NOT to enter: Entering into a strong trend can be tough. That's why I prefer to enter on pullbacks. If you missed the first entry, then oh well Another entry will come around Additionally, entering off a pullback provides a solid place to put a stop-loss.
Generally speaking, there is trades per pair everyday. I trade eight pairs including: Essentially, I am looking for the best trade opportunities in the strongest trends. I am not trying to trade every pair, every day unless it's one of those days. After a while using this method you can begin to anticipate trades and develop a trade plan.
If you know the H4 is trending down, the H1 is beginning to peak, and M30 is already decreasing, while price is running into resistance resistance line, pivot, MA, etc.. May 13, , 5: Make sure you are using Multiple Time Frames, this is how I have each pair setup: It is very important to know what type of trader you are, I can not trade M1, M5, M15 charts trust me, I've tried.
IMO, it's just noise. While the M30 charts are not the most traded TF out there, it does give me an earlier entry than the H1. My screen is always setup with two charts for the same pair.
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