Advanced system #3 (Neat entry: RSI + Full Stochastic)

Hi Edward,

Thanks for this awesome trading style. Could you recommend other suitable pairs for this strategy instead of G/U and G/J?

You can also try USD/JPY and EUR/USD.
All in all the strategy works with any currency pair.

Regards,
Edward

Dear Edward:

It sure is funny to look back. I made my comment about the problems in a ranging market on July 30th.

Now, my problem is trading boredom. I shorted GBP, JPY NZ AUD. Now, after learning that the exit start of opposite RSI and Stoch isnt so nice (I sold my L euro at 1.48 on the run that eventually took it to 1.60) I manually trail stops and I'm out all but JPY. This is good, but I want some trading action while i wait for next run!!! I'm no scalper, but would mind finding something w trend that is good for 25-100 pts per day. Not glued to the screen. I liked Teodosi's GBPJPY but it doesnt work so well now. 1-3 hr time frames. Something that I can peek in on every hour or so to see if there's a setup. Am I asking too much?

I hope this summer was prosperous for you.

Grant

Edward!

That was fast! No sooner than I had finished checking my spelling and sending this off to you than i went to the homepage and there was Myronn's trendline strat.

Like I said before, and I'll say it again, this website is largely responsible for my success at this. Thanks again.

Grant

Hi Grant,
I'm glad you found such strategy.
To everyone:
we are talking about Trend line trading strategy

Happy trading!
Edward

Hi Edward,

Great site you have and Im glad i found a strategy like this. I prefer trading on a
H4 timeframe. Do you also know the settings on a 4H timeframe for the stochastic and rsi?

thank you

regards

Dennis

Hi Dennis,

The settings for 4 hour charts would actually be the same.

Regards,
Edward

ok thanks

Regards,

Dennis