692# Gann with NPFX

Gann Hilo filtered

Submit by Romaks 20/07/2016

 

 

Gann with NPFX trend-momentum system.

Time frame h1 or higher.

Financial market any.

This is the most important part of using my trading system. All the criteria have to be exactly matched for successful order placements.

Metatrader Indicators:

Gann hilo,

NPFX hilo, 

RSI alert.

We are going to look at two charts for trend determination- Weekly and Daily (W1

and D1). Only a handful of pairs will be trending enough to give you high probability

entries, so it's worth going through all the pairs in market watch starting by checking

the Weekly charts. For more info read section "Let's Get Efficient!".

Long/Buy signal

1. Open a weekly chart and make sure that the last 3, 4, 5 candles are all moving

in the same direction, each one making new highs. (The more candles moving

in se same direction the better, but you can start from 3).

2. When you find a Weekly Chart (W1) that is trending go down to the Daily

Chart (D1) and make sure it "looks" right - most of the time it will be trending

just like W1.

On the Daily Chart you want to make sure that the last 15 - 25 trading days are

moving in one direction. Drawing trend lines can be very useful. If you need

more information about drawing trend-lines find a book called Stikky Stock

 

Charts - it is the best of the best on the subject!

Gann with NPFX
Gann with NPFX

3. If the daily chart is trending then you can go to 4hr Chart (H4) - this is where

you will hunt for a trade. The price has to be moving in the same direction as

in the Weekly and Daily Charts.

Now you have to wait for both of the bottom indicator green lines to move

above the middle black line and there has to be an arrow pointing upwards

on the candle. Wait until the candle with an arrow pointing upwards closes

and then enter the trade with a buy position. Please note that the time

 

indicator counts down the time left for the candle to close.

Gann with NPFX
Gann with NPFX

Short/Sell signal

1. Open a weekly chart and make sure that the last 3, 4, 5 candles are all moving

in the same direction, each one making new lows.

2. When you find a Weekly Chart (W1) that is trending go down to the Daily

Chart (D1) and make sure it "looks" right - most of the time it will be trending

just like W1.

On the Daily Chart you want to make sure that the last 15 - 25 trading days are

moving in one direction.

3. If the daily chart is trending then you can go to 4hr Chart (H4) - this is where

you will hunt for a trade. The price has to be moving in the same direction as

in the Weekly and Daily Charts.

Now you have to wait for both of the bottom indicator green lines to move

below the middle black line and there has to be an arrow pointing

downwards on the candle. Wait until the candle with an arrow pointing

downwards closes and then enter the trade with a sell position. Please note

 

that the time indicator counts down the time left for the candle to close.

Gann with NPFX
Gann with NPFX

Exit

When you open the trade simply put 50 pips Stop Loss and 60 pips Take Profit and

leave the trade until one of these levels are reached. This strategy is basic but good

as the trades are expected to move at least 60 pips and this method gives the trader

 

higher than 1:1 Risk/ Reward ratio.

Gann with NPFX.rar
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Write a comment

Comments: 3
  • #1

    toby (Wednesday, 20 July 2016 20:49)

    Any indicator repaint???

  • #2

    asaens (Friday, 22 July 2016 20:53)

    for admin: Donchian channel post after this is misdirected

  • #3

    asaens (Friday, 22 July 2016 20:56)

    I meant "Donchian trading" if typed something different