Quote:
Originally Posted by dobro
Edit: On the chart above/(below) it would seem hard to stay with this trend without exiting & reentering frequently because the lines were touched. (The broker would be happy by getting paid the spreads.)
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From what it seems you're saying, I don't think you need to exit & re-enter each time the next line gets touched... you'd stay in as long as you could stand it
In other words, once you exit a trade, you'd have to consider if the previous and current candles meet the entry rules again before entering... that the current candle's color is opposite of the previous candle's color when touching a line.
According to the rules, If you did exit in that uptrend before 204.25 then you'd have to wait until the next RED candle which was the red spinning top.
You coulda tried a short there too, but otherwise the next candle after that was GREEN when it touched the next line of 204.25 where you'd go long again.
At least I think that's the way it's supposed to work and so far it does for me this way...hard part is when to exit!
Interesting Idea
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