Complex trading system #19 (The Chicken Walk)
Submitted by User on June 22, 2011 - 06:55.
I am a "second war", came here from Vietnam
Today I sent a war turns to show you System I call it "chicken walk"
visible point in the "chicken walk" the trend is type the command
Operating a "chicken walk"
Time frame: any
Tools: Andrews Pitchfork, Fibo,
** The first draw Andrews Pitchfork that passes through four points A, B, C, E (kg important point D)
** Andrews Pitchfork to define Uptrend (downtrend). Figure on the uptrend
** Define the line between the cover line of the height H Andrews Pitchfork
** You can use accounting to determine Fibo 75% and 25% of the height H (for ease of one who can see the blue trendline marked Fibo 25%)
** With Uptrend just hit buy, do not sell, downtrend, the opposite
Entry: I wait for prices to hit bottom edge of the Andrews Pitchfork buy stop orders are placed at 25% Fibo level (blue) of height H (if hit record carrying a candle reversal signals - as so often happens - well, it is necessary)
TP 1: in line between the Andrews Pitchfork
TP 2: Border face
SL highest (lowest) nearest
wish you much luck!
sorry for my English level is not good