1---- 12.50 hooked

2-- target zone -could be all day trade till news thursday


note top of new box tapped

3--- long stop crusher

4-- long stop crusher

5 --added trendline due to long stop crushers

new entry 1310.25

creekboy 

1---- 12.50 hooked 2-- target zone -could be all day trade till news thursday note top of new box tapped

@ creekboy,

Which MAs would you suggest for 5 Range chart ?

Lolu

break the 565/1400 down or up as need --but make sure the percentage is the same -

for example -275/700
-27/70

you will need to zero in your best idea -

please let me know what you come up with -thanks

lolu 

@ creekboy, Which MAs would you suggest for 5 Range chart ? Lolu

did a quick set up -used the

1- red trendline was created by using the 565/1400 crossover -than i removed them

2-yellow trendline created by the 27/70

3- green s/r at this time for a 5 min chart

hope this helps

lolu 

@ creekboy, Which MAs would you suggest for 5 Range chart ? Lolu

nice short set up 5 min chart using 27/70

creekboy 

did a quick set up -used the 1- red trendline was created by using the 565/1400 crossover -than i removed them 2-yellow trendline created by the 27/70 3- green s/r at this time for a 5 min chart hope this helps

@ creekboy,

I'm adapting @ Cory's MidMATrend indicator which he derived from your setup ... I expect that your suggested 27/70 MAs for a 5 Minute chart should guide me to achieve a setup for a 5 Range chart. Meanwhile, I'll test-drive the 5 Minute chart setup, as you've just done ... your Entry was @ point 4, Right ?

What criteria do you use to draw the green S/R for the 5 Minute chart ?

Lolu

the s/r is calculated very simply by using the 50% fib line on the split of the 2 ma's -as shown in the chart below -i removed the green line for clarity

lolu 

@ creekboy, I'm adapting @ Cory's MidMATrend indicator which he derived from your setup ... I expect that your suggested 27/70 MAs for a 5 Minute chart should guide me to achieve a setup for a 5 Range chart. Meanwhile, I'll test-drive the 5 Minute chart setup, as you've just done ... your Entry was @ point 4, Right ? What criteria do you use to draw the green S/R for the 5 Minute chart ? Lolu

yes the 4 was the short entry -

creekboy 

the s/r is calculated very simply by using the 50% fib line on the split of the 2 ma's -as shown in the chart below -i removed the green line for clarity

@ creekboy,

Do you have to draw the Fib (using the in-built chart Fib tool) to derive the S/R ... and why do you choose to derive the S/R at that specific point ... why not a little bit earlier ? Does that specific point have a specific characteristic that made you to draw the Fib there ?

Lolu