Quote:
Originally Posted by maurizio77
Made a killing on this system last week and have been having alot of fun with it this week too.
If this sort of movement happened once each month with regularity, i would give up my job tomorrow...........seriously  |
Man, I know what you mean Maurizio. The past couple of weeks have been a gold mine with this system. I hope this isn't just because the market is behaving the way we need it to. This week I have only placed one set of 'daily' trades. That was yesterday on a couple of JPY pairs that 'double crossed'. Other than that, I've been trading the 30 min with a TP of only 10 pips. Like I said, I use it on 6 pairs though. So I can usually make around 40-80 pips from only two major movements, and I only need the price to move a small way. Sure, I've seem many pips float past me because I'm not really managing my trades (I'm just taking a quick and very easy 10 pip profit), but the setups appear often enough to get well over my daily target of 20 pips.
Just a note for anyone out there... I've found my record has been nearly bullet proof since changing the application of the indicators from 'close' to 'open'. It basically forces you to wait for the 'step' to the next candle, and doesn't allow the RSI of CCI to start to look bad from a simple whipsaw. Couple that with really a small TP and you may find your win % shoot up, like mine has.
-Benjimang