Indicator Oscillator DXLime for Heaven and Earth orientation & point method practical usage and cautions

The indicators in the Sky and Earth

Oscillator DXLime oriented & dot signals were introduced in a previous article.

In this article,

we will introduce how to actually use it and cautions

!

Oscillator DXLime oriented & Dot Method: Actual usage

First, when the candlesticks on the 4-hour chart close (during standard time at 7:00, 11:00, 15:00, etc.), check the following two things for the currency pair you are targeting.

• The latest direction of Oscillator DX Lime
• The latest direction of Oscillator DX

to verify.

The direction of Oscillator DX is easy to understand when viewed with the Mountain and valley histogram DX2.

Checkand note the currencies where both alignin advance.

Then the flow is as follows

• Add the currencies that match MT4 to the chart
• Set the 15-minute chart
• Introduce the Sky and Earth dots
• Set so that only signals in the same direction sound
• Enter when a signal occurs

Parameters: A is the sell signal, B is the buy signal.

Between 8:00 and 18:00, for about 29 currencies

• About 10 signals

.

If near resistance/support of Oscillator DX or if suspicious, skip entry, soactual entries will be about 3–4 times.

Oscillator DXLime oriented & Dot Method: Cautions

Summary of cautions below.

• Keep an eye on economic indicators and news
• (For those who have it) use the Sky and Earth Mountain trend detector for stop loss
• Be careful around London time
• Watch the resistance/support of Oscillator DX
• Do it if you can with environmental recognition
• Even if the histogram DX2 changes on the 15-minute chart, skip
• From entry to take profit can be long

Watch economic indicators and news

Before entering, check economic indicators and news.

For example, recently the Bank of Japan raised rates (0.25 to 0.5), which can cause temporary moves in the opposite direction due to complex factors.

On the 15-minute chart, the SL level may be reached, so grasp major news in advance and skip the entry.

(For those who have it) stop loss with Sky and Earth Mountain Trend Detector

This applies to those who own it, but for example

when aiming for a long entry, if the trend detector lights up short, consider stopping out

as the direction may reverse.

There is a high possibility of moving in the opposite direction.

Be careful around London time

Avoid entering at the moment London time starts (17:00 in winter, 16:00 in summer).

There can be large volatility and frequent reversals.

Wait a couple of hours or enter after the market settles.

Be careful of Oscillator DX resistance/support

As summarized in the method,

if the Lime of Oscillator DX touches resistance/support (1~3)

avoid entering.

There is a possibility of a trend reversal.

If you can do environmental recognition, do it

This method has a good win rate,

but it is safer to perform environmental recognition according to the Sky and Earth indicator manual

and then enter, in my opinion.

In my case, I look at the daily state of Oscillator DX and enter if favorable

Currently, I am also testing with currency strength indicators, etc…

Even if the Histogram DX2 on the 15-minute chart changes, skip

Adding Histogram DX2 makes the direction of Oscillator DX Lime visually easier to understand.

Displaying Histogram DX2 on the 15-minute chart may cause color changes before the 4-hour chart closes, but it is okay to skip for now.

If the 4-hour bar passes and the color reverses to confirm, consider stopping loss.

From entry to take profit takes a long time

Even on the 15-minute chart, there is a decent profit range from dot to dot take profit.

If early, you can take profit within an hour, butif long, it may take more than 4 hours to take profitin some cases.

For example, if you enter between 8:00 and 15:00 and the entry crosses 17:00, you can take profit or cut loss earlier to avoid risk.