Simple's Green Room

[boca_bobby]

Beastly Bounce System (5min Chart of GJ):

To Go Short:

1.) Is the RSI of the TDI Indicator above 76?
2) Is the market indicator of the TDI above 57?

3) If the answer is yes to questions #1 & #2, short as soon as the RSI of the TDI turns down.

4.) Set TP @ 25 pips......
5.) Set stop @ 25 pips from entry price...



To Go Long:

1.) Is the RSI of the TDI Indicator below 24?
2) Is the market indicator of the TDI below 42?

3) If the answer is yes to questions #1 & #2, go long as soon as the RSI of the TDI turns up.

4.) Set TP @ 25 pips......
5.) Set stop @ 25 pips from entry price...


The size of your trades is up to you but I would keep it rather small. As the system builds you capital, raise the trade size accordingly. If you really want to reduce risk you can drop the TP level down to 10 or 15 pips. You could then probably go into these trades with no stop in place as well but I wouldn't recommend it. Remember that it only takes 25 pips a day to follow SG's formula to get $48K in 12 months! So two 15 pip trades a day is more than enough.

Also Note: It is extremely critical that rules 1 & 2 can be answered with a "yes." Patience is the key!