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Old 04-04-2008, 09:42 AM
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kagein kagein is offline
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Join Date: Oct 2007
Location: London
Posts: 253
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Ive been demoing a method that utilizes price action around s&r zones. For breakouts i wait for price to retest a level before entering, for reversals i generally wait for an obvious LH or HL setup before entering, simple stuff really. My demo account is outperforming my live account by miles. I'm frequently closing a trade for greater than 4R, in some cases i risk 10 pips and get a 100 pip move. If these kinds of results are sustainable they would provide a better R:R than many of the 'systems' I've seen out there.

Ive made 16 trades, won 12, lost 2 and broke even on the remaining 2. I risk 2% on each trade( a bit much for some).

Below are some trades i took this week, blue highlights my entry bar, green signals my closing bar

*note* the entry in the second chart was actually an inside bar on the software i use.
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