Thursday, May 26, 2011

Simple RAINBOW TREND SYSTEM.. It can be used on short and long term trades!!


I usually like to use this system on 30min & 1hr charts. Red signals sell and green signal's buy. It is extremely simple to follow, the main thing is stick to your trading rules. False signals are common so make sure not to take every trade. I'v included several other indicators to help filter bad trades/false signals. Laguerre is one and the other is Bollinger Bands. I will post all the details later this is just a sample.