I am not recommending fixed legs, I just felt it would be easier to learn the system. I am very open to suggestion, I believe that the Hedge Grid and perhaps Correlation Trading are going to end up being my “go-to” in Forex, they just seem to work in my mind which makes it easier to trade.
I am working on using more Fibs in my trading because I am rather weak at them. But if I may try to lay out what you are saying so it “clicks” to me…
For Example, use…ohhhhh, RSI and Stoch to assit w/ the grid system, when RSI and Stoch give a buy signal, I would open the buy and sell…then when they both give a good reversal signal, I would open the 2nd set (2nd Leg). At this point I win if I get either 100% or 50% retracement, while a 33% will allow me to break even…once profits are taken, wait for another signal to open a 1st Leg…
HEY !!! This just hit me…using this idea in a trending market…say EUR/USD which usually has a stronger uptrend (shows its history), a person would want to open the 1st Leg w/ a sell signal…considering history shows us there is a better chance of getting an upward retracement…hmmmm
(I know this isnt how you do it, its just a basic example of using indicators to help w/ the grid system)
Am I even getting close here ??
And thank you for the guidance.