临时 s/r 方法 (temporary s/r approach)

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Please start at page 4 of this thread, Post #46

http://www.forexfactory.com/showthre...=157913&page=4

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hi

I would like to put this trading apporach to discussion:

backtested eurusd for dec08 24 winners, 19 losers, jan09 28 winners 20 losers, feb09 25 winners, 9 losers, march to date 12 winners, 11 losers

look at chart at 9:00 gmt, 1h after european market open and 16:00 gmt, 2h after us market open or 1h after major us newsrelease, 15 min tf

draw a vertical line at these times, mark the previous zigzag highs and lows with a horizontal line

consider the horizontal lines temporary support and resistance levels

place buy order at high, place sell order at low, sl 15, tp 20

let 9:00 gmt orders run until 13:00 gmt, so the spread and the volatility of us newsreleases doesn't bother. (as an option let the orders open until 16:00 gmt if only low impact news are scheduled)

let 16:00 gmt orders run until 9:00 gmt next day since the price is not driven by impac-news during this time

if at screen visit no obvious zigzags are given, or you suspect price to be either at a high or a low point, then wait max 1h for a signal. if it doesn't occur, then forget about it.

use two zigzag indicators, standard mt4 indicator

1st: depth 3, deviation 2, backstep 1
2nd: depth 4, deviation 3, backstep 2

questions, comments, contributions, backtestresults etc are welcome

best regards

ashes

edit: due to us daylight saving time the 9:00 gmt orders should be cancelled at 12:00 gmt and the second set of orders should be opened at 15:00 gmt