This is my complete desk:
but we can simplify the desk using the 2nd panel (the centered one) with
- RSI (as seen for 5' desk, the classical form - short crossing down 70, long crossing up 30 - is the best, with line 50 giving confirmation)
- Chartmill.
Use put-a-stop-to-it indicator only to forecast an exit level when RSI or CVI are close to critical levels.
You can erase pzo - vzo, replacing a square with Vortex or RWI and, maybe, also Supetrend (however the last one is useful)
FOR ENTRYING the position: except consolidated 2%, wait the afternoon when US market are opened since 30'.
For Exiting: better waiting afternoon, but use every moment of the day.
For stop loss, just Wait at maximum 2 days (better decide within the close of the next day) **
USE CAC ( a half-way between FTSEMIB - toot dangerous - and DAX - too less speculative).
FOR ENTRYING the position: except consolidated 2%, wait the afternoon when US market are opened since 30'.
For Exiting: better waiting afternoon, but use every moment of the day.
For stop loss, just Wait at maximum 2 days (better decide within the close of the next day) **
USE CAC ( a half-way between FTSEMIB - toot dangerous - and DAX - too less speculative).
****** KISS = KEEP IT SIMPLE, STUPID!!! ******
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