Replies to post #115963 on Simple's Green Room

[boca_bobby]

Enjoy Folks.

I'm still doing a bit of tweaking but this seems to be the general set up

[javalin]

nice Boca thanks for sharing will check it out

[Qui-Gon Kagi]

Ok, I did see that post but wasn't sure if that was the full of the system or your first post describing your system.

Now I do know that even with the RSI on the TDI above 76 and the market indicator above 57 as you say, the price action can just continue to go on for what seems like forever. Same with all indi signals! I've spent the last couple years of my life staring at charts to find that nothing works consistantly whether you are talking divergence, fib levels, pivots, candle formations, ADR levels, lagging indi overlays or anything. So what I'm looking for is high odd plays with specific exits when the system is failing on a trade but with the winners outnumbering the losers.

I've been considering hedging with a sub account on Oanda too. That way when I'm wrong on my entry, I'm still right. For example, take a trade based on best judgement and take an opposing trade in the sub account. When I gain a couple/three hundred pips in one account then I TP the trade and begin adding to my losing trade every 100 pips or so. I haven't worked out the details adequately to begin trading that way and I still need to see 10% gain average on my account balance for that method to work, but I'm still scratching my head over making it work.

So what are your tweaks and how many losing trades have you had today using your system? What pair(s) are you in today btw?? I know that AJ is fairly extended on the weekly/monthly chart, so I'm thinking we may see some steep pullbacks on the the lowest and highest time frames for the yen pairs. AJ is approaching the 88.6 fib level on the monthly chart and is 1500 approximate pips above the ema 62. I would expect to see a 1000 pip or more weeks worth of pullback on AJ in the next couple three weeks. Fwiw.