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Author	Topic: Rainbow strategy (from Davids new video)

kalinrae

BOD Newbie
Posts: 7
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Rainbow strategy (from Davids new video)
on: February 21, 2012, 14:22

Hi everyone,
Can anyone tell me if my chart looks right for the strategy David explained in his new video?
Hopefully the link works:)

Luca Lo-
Casto

BOD New Kid On The Block
Posts: 46
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Re: Rainbow strategy (from Davids new video)
on: February 21, 2012, 16:07

Uploaded with ImageShack.us

You're images is small but i was the time on it.
I placed the EMAS on FSC, look at your charts and see if are similar.

Bye

David

Administrator
Posts: 373
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Re: Rainbow strategy (from Davids new video)
on: February 21, 2012, 17:13

Ok guys here is a modification I did after talking with Luca that you can try out. Essentially you are just waiting for it to touch the 14 EMA, then break the previous candles wick high.

roby

BOD New Kid On The Block
Posts: 11
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Re: Rainbow strategy (from Davids new video)
on: February 21, 2012, 17:43

hi david, cant read ur message above with instructions on how to take trades.."Ok guys here is a modification I did after talking with Luca that you can try out. Essentially you are just waiting for it to touch the 14 EMA,then?????

thanks

mrknicks

BOD New Kid On The Block
Posts: 22
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Re: Rainbow strategy (from Davids new video)
on: February 21, 2012, 17:43

Thanks David. What expiry times should we be looking at for this strategy?

Luca Lo-
Casto

BOD New Kid On The Block
Posts: 46
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Re: Rainbow strategy (from Davids new video)
on: February 21, 2012, 18:06

Quote from roby on February 21, 2012, 17:43
hi david, cant read ur message above with instructions on how to take trades.."Ok guys here is a modification I did after talking with Luca that you can try out. Essentially you are just waiting for it to touch the 14 EMA,then?????

thanks

Here it is his post Roby: Ok guys here is a modification I did after talking with Luca that you can try out. Essentially you are just waiting for it to touch the 14 EMA, then break the previous candles wick high.

Anyway look at the image it will be more clear

mrknicks

BOD New Kid On The Block
Posts: 22
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Re: Rainbow strategy (from Davids new video)
on: February 21, 2012, 18:06

Disregard David I see now. Thanks.

kalinrae

BOD Newbie
Posts: 7
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Re: Rainbow strategy (from Davids new video)
on: February 21, 2012, 19:28

Hey thanks guys. I that seems more clear. I hope to actually try this out tomorrow!

Firefhtr9

BOD New Kid On The Block
Posts: 15
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Re: Rainbow strategy (from Davids new video)
on: February 21, 2012, 23:35

David,
Love this strat so far. I'm not sure how in depth you've tested different aspects of it, but I just have a few questions...
1.What is the optimal expiry time? I've just been using the nearest and it's worked pretty well so far.
2.Have you tested "re-entries"? For example, you reach the 14EMA and the candles line up where you make an entry. 2 or 3 candlesticks after your entry, it touches the 14EMA again. Would you make another entry or just consider that asset too much in range?

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