One of the things that kept me glued to this thread when i first began reading was the consistency & clarity of the advice you guys dispensed. I’ve not only revisited the posts a few times but also leisurely looked back at charts with the tools plotted to see for myself how consistently these events unfold. Also your comments to other new thread posters & the examples shown have added & strengthened confidence in the set up.
I’ve only been observing this model for less than 12 months, so nowhere near as long as the majority of regulars, but since i got linked here during last summer & began adopting your filtering & prioritizing sequence there have been very few days or weekends where i’ve failed to correctly identify the priority set ups. Nothing i tried in the previous 2.5 years registered anything near the kind of structured order you offer in this template & certainly not with such clarity.
I like the fact whatever i decide to trade, the process is exactly the same & that takes a lot of stress out of the situation. It’s also an easier task to gauge & identify potential weaknesses in my preparation & execution.
For the first time in a long while anxiety is low & confidence is high which translates to actually enjoying switching on the platform looking for trade op’s every day & weekend. To a degree it’s changed my outlook regards taking day trades too. I’d veered away from that approach before, but the process you’ve laid out lends itself to an either or scenario, especially when a currency begins exhibiting clear strength.
The acid test is always reflected in real live account balances & mine has been ticking over & continuing to register a steady positive curve ever since i began getting to grips with this framework. That for me says it all.
Fear not, i’m definitely not intending to sit here reacting to every little wiggle in a strength meter. My occasional day trades will be as strictly filtered as my continuation entries.
As apache mentioned earlier last week, a meter isn’t necessary at all when identifying trending/momentum set ups, but yours & Billy’s comments below regarding using one as an added nod to a potential resumption following a pullback won’t distract from the main core of your set up criteria.
Thanks again guys. I asked for input & you’re nothing if not consistent with your comments, advices & interaction & i very much appreciate it.