Yep, hopefully as soon as possible. For now, I just looked at my charts and saw that most probably, when I got signal, there is about 12 pips drawdown (from exact entry) where price can still reverse and go then for more then 40 pips. This means, if we traded EVERY signal BLINDLY from some point, and we use 15 pips stoploss, there is about 99% chance that IF price hit our stoploss it will go same direction until price will found another possible reverse point where we should re-enter with same rules. (So it SHOULD NOT HAPPEN that we enter, price hit our stoploss and boom it will go our desired direction and we will cry) This looks eliminated. Hopefully. Because look at my charts.
Remember, we counting on one thing. And that is… RETRACEMENT. Retracement ALWAYS happen. Only question is “where will happen”. By the way, on this AUD/USD chart I see another buy. It is on price 0.73114. As you can see, price again reversed. Now just 18 pips profit but still.. This is quite a succes. (Because price doing this every time. For example in uptrend you will see points 1 – 2 – 3. Then if we sell, price will keep the same, but opposite. So it will do 3 – 2 – 1). Problem what I still trying to solve is to find WHAT points are really points of reverse.
For now, I got tick charts. (10 tick’s or 34 ticks.. Of course less ticks = more you can see) So if i see selling opportunity, i will look at ticks if price doing something. If you want sell, you will problably see this.. (look at tick picture) (Using the latest SELL ( 0.74347) signal from AUDUSD picture “news_maybe”)
- This reply was modified 5 years, 5 months ago by George.