Replies to post #125605 on Simple's Green Room

[Heavyweight]

Charger, actually I've been using something similar to that for a couple months now with pretty good success except I used the cloud with everything blacked out except the Tenkan and Kijun. They both act as moving averages when they follow the price action up or down but the difference is that when the action is nearing the end of its run, the Kijun breaks off and levels out. That's usually a support or resistance level and the price action almost always retrace back to that level. Just before the retrace, the Tenkan will curl above the candle and seems to pull the candles back to the Tenkan then it resets. Works the same for long and short positions. Any further move is highlighted by the same setup on different time frames. A higher time frame may indicate further movement based on it's own Tenkan/Kijun setup. I banked over 400 pips since using that method last month alone with 23/25 successful trades just by simply going long and short on retraces. No fancy indicators or crowded screens. As a scalper, I'll take that. GL2U and All.