[dpaterso]

Hokay:

EVEN with my SPECTACULAR hangover the 'creative juices' are STILL able to flow!!!

YET AGAIN I propose YET ANOTHER two levels to be added to the RTS.

Why?

Because seeing that we've all pretty much agreed that stopping and reversing at HBOP or LBOP is NOT a good idea and we've also pretty much agreed to SELL at HBOP and BUY at LBOP if theyre hit we DO need SOME sort of stop wouldn't you agree i.e. if the instrument / pair does IN FACT start trending after penetrating either HBOP or LBOP (I've not seem it happen YET but there is always a first time and you HAVE to have a way of saying 'enough' and get out).

SO:

The new levels I am calling HSTOP and LSTOP and here are their respective formulae:

HSTOP = ( 3 * ( ( H + L + C ) / 3 ) ) - ( 3 * L ) + H
LSTOP = ( 3 * ( ( H + L + C ) / 3 ) ) - ( 3 * H ) + L

In other words:

If you've bought or sold at ANY ONE of the RTS levels (whether you've waited for a penetration of the levels and used a stop order or just placed a limit order at the close is irrelevant and up to you) then these new levels can be used for your stop loss values. Chances of these levels / stop loss values getting hit are 'slim' at best but they're there JUST IN CASE!!! (By the way: these new levels i.e. HSTOP and LSTOP are equivalent to Pivot Points / Levels R4 and S4 respectively).

I can tell you THIS much:

Using the RTS with my new S2 and B2 levels mentioned previously has enabled me to ALMOST be able to take a huge 'knock' on AUD/NZD and STILL be on target for the month so if I DON'T have to take a 'knock' of AUD/NZD at any point then I'm doing FANTASTICALLY!!!

Oh and lastly (by the way):

SO MUCH for Stochastics!!! Take a good long HARD look at AUD/NZD!!! Stochastics has been in overbought territory since the very START of the long uptrend!!! Go as far back as you like and look and see and you'll find EXACTLY the same thing when the pair has been trending either up OR down!!! (Funny enough someone on this very website actually made a good point at some time back: BUY when Stochastics are in overbought territory and SELL when Stochastics are in oversold territory and you'll probably stand a better chance of making a profit. At the time of my reading his post I thought he was 'daft' but go figure)!!! (I can't remember who the member was at this time).

Anyway: NEEDLESS to say ANYTHING AND EVERYTHING NOT 'Wilder' or a 'derivation' thereof is now PERMANENTLY 'banned' from MY charts!!!