Few analysis after long break

As I have written I'm working on portal about brokers.
It's taking me a lot of time - but its hard for trader to give up what he really loves ;) Thats mean trading.




So I have to confess that I was trying and testing few systems - also still skalp with my old system - but I feel that I'm missing something.




Its wider look on market - and analysis. So I decided that I will still trade with Fibo/Elliot/Momentum system.

Main Time Frame is: H4

Entry is on: H1

Signals: When price on H4 will reach possible retrace zone correct with Elliot wave count and there will be at least 2 most probable Fibo levels (for example for wave C it will be inside reverse of last move, projection of wave A from bottom of wave B etc)
that means there can be signal.

Second:  Momentum (DTOSC 13,8,5,5)has to be in oversold/overbuy zone.

Those are 3 (Elliot, Fibo grouping, Momentum) signals and than I'm going to second Time Frame: H1.

When  Momentum (DTOSC 21,13,8,8) on H1 will give signal (cross of lines in trade direction in oversold/overbuy zone) there will be orders:

Opening position will be 1pips under or 1pips + spread over signal H1 bar.

Always 2 positions: Long Term and Short Term.

Stop Loss will be over last low/high for both.


Short term position manage:

Target for short term is first most possible level. So that will be most often 50% of last wave - or 38,2 if it can be wave 3.
After reaching that level SL will be traill below/over last H1 bar.

If there will be opposite singal on Momentum (DTOSC 21,13,8,8) position will be trail just as it would reach target (trail +1 pips below/under last H1 bar)



Long term position manage:

Target for Long Term is far but possible. So for example if it's open on bottom of wave B - target will be most possible end of wave C (typical ABC correction)

But manage will be a little bit more complicated.

First - after reaching target of Short Position - SL will be moved to BE.

Second after second singal on H1 momentum after opening SL will be moved over last low/high before that signal.

After H4  Momentum (DTOSC 13,8,5,5) will give opposite signal trade will be trail stop below/over last H4 bar.

After reaching target it will be traill over last H1 bar.

So thats all - soon analysis ;)