Hi Daedalus
I'm so glad I found your thread ...long ago now
And also TRO's Never Lose Again thread.
When I put the two together, I finally seem to get the grids in the right direction (that was my biggest frustration) and now it's been quite "profitable".
There is still a dilema of knowing whether to take a 38 or 61 retrace. So yesterday I opened a trade short trade at 38, and it went on up to 61, thus putting me in negative pips for awhile. However, all the biases still pointed down. So resisting closing at a loss, I opened another short at the 61. I've read that this is considered "adding to a losing position" and a no-no
Anyways, to my delight, price went down and both trades profited.
So I tried it again...same thing!
I'll keep testing this because 2 times isn't much to base any kind of consistency on, but it's worth looking into..again...and I'll try to post my results and some pics too.
Just thought I'd share that.
