Im trading 2 systems at once so when I trade can be confusing. But far as the chart goes, I go long once H1 gives a confirmed signal. And switch to woohoo exit rules once woohoo confirms the buy. cyan line is h1 signal green line is woohoo. The H1 signal is almost always faster.
h1 basic rules:Entry After Wm AND/OR RSI come out of OS/OB cross line.
BOTH need to be in standard green zone.
MACD and Slope in direction of trade(MACD doesnt have to xo 0)
No entry EOD,
woohoo basic rules:Slow STO (89,21) line cross end of period THIS IS MAIN ENTRY Signal (new rule 26Feb14 dont short above 80) can delay. Slope20 confirm.
MACD13,34,89 slope near 0 line or cross
CONFIRM with RSI14 and StochRSI40 cross 50
on the chart the woohoo original indicators are at the top. H1 are just below the main SPX chart.
Exit signals are complex but an opposite signal is one of them.
stops 2-3.3%
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