Singh, thank you very much for the share, this is a very good strategy.
Thought I'd stop by and contribute for what its worth.
Mondmann,the Tenkan-Sen cross works like a charm when trading with the trend,as Singh mentioned. If you guys find it hard to see the trend, you could add Moving Averages to help you spot those strong trending moves.
In the picture(link) you will see I use Heiken Ashi Candles, with 3 MA's:10,20 and 50 Smoothed Moving Averages. The arrows you see the 1214 Pattern from Sasuke9's thread.I also have value charts and a RSI added.I like to see the RSI above/below 50 as a confirmation for direction, although the ADX is enough from what I've seen.
When they are spaced apart and moving sharp up or down, it could help you identify a strong directional up/down movement and might keep you out of some bad trades when price and the MA lines are moving sideways.
I also adjust my take profit and stop loss levels to market conditions as I see fit.
Please note, this is not a post to deviate and add all kinds of indi's and all to the main strategy but soly to show you guys how I interpret the market and this specific strategy in my own way and to contribute to Singh's efforts.
When you apply proper money management and control your trades, you can still end up with a decent amount of profit even with a low 'win rate' which will result in a loss with bins.
The cool thing about this strategy, is that I trade spot and bins using the same template with almost the same entries just slight adjustment.
Take care, happy trading.