Simple's Green Room

[Qui-Gon Kagi]

Hey charger......I too think there is something to it. It's no holy grail, but I've been following along and I'm really liking what I see for identifying trend reversal entries from it! Through backtesting I can see where your PPO/smoothed HA crossover won't do so well in some consolidating conditions where other indi setups don't work well either, and there can be some slop in price action between when the crossover occurs and the move actually begins, nonetheless it's looking highly promising for locating tipping points from tops and bottoms of price action on the larger wave trends. I'm looking hard right now to see if bollies and RSI(10) 50 line crossovers and ema5/ema10 crossovers will help fine tune entries and exits. And I'm liking what I see there too. Off topic....if noone ever told you, alcohol is hell on the liver and everything else in your life long term. Please take no offense as none is intended, but with only goodwill offered......take it easy on yourself! Besides, you're going to want to be in good health when you go to spend all that wealth you aquire trading forex over the next couple years. It definately could happen.

On topic again....I want to mention that there was 60 pips to be made shorting AJ on your PPO/HA smoothed crossover using the RSI(10) crossing down over the 50 line to help confirm the short and a ema5/ema10 rollover as well to help confirm. I locked in 20 pips of that as I was late in discovering the setup. And that was using the 15 minute chart! I think the 1 hour will prove most befenicial for identifying the longer term wave reversals while the 5 and 15 minute charts will be most beneficial for fine tuning entries and determining the value of the 1 hour signals. I think anyway. Note that a "V" shape on or very close to the 50 line of the RSI(10) line will nullify or delay the trend reversal signal and that these "V" shape RSI line revesals will occur on lines of support/resistance. We're not there yet but we're getting there charger and I think we're getting close. With all the years we've spent at this we deserve it too! Let me know what you think of the RSI(10) and EMA5/10 crossover signals as further confirmation or caution when paired with your PPO/HAsmoothed crossover setup. Finally, see my 15 minute chart below to get a picture of what I'm talking about.