The two stand out disasters I had from October were the USDCHF
they dragged on and on losing me money
They were both way above the bands at the time
but now looking back, the bands moved, and it looks like
they were below the bands at time of entry
I was a little too infatuated with the bands to notice that
there was in fact, no indications at all that price would
come down - and it didn’t!
USDCHF did eventually come down after an eternity, but
NZDCAD still hasn’t come down since 11.01.2018!
If I had used the Free Solar Winds Joy histogram, it would
have kept me out of both those losing trades
Let’s look at the then and now pics to see what is now so
USDCHF back in October
No reversal signals at all, just above the Bands at the time
Now looking back with benefit of hindsight, we see how Solar Winds
would have kept me out. the vertical line shows entry
The before and after pics on NZDCAD will be self explanatory
and looking back-
I have a revised approach, a combination of indicators that seem to work
I’m still looking for price to be well above/below Bands with major disparity on
Weekly SW rankings
There must be a confluence of Harmonic Arrow with an angled
Other indicators are Oscillator Divergence, Market Sentiment window with STR
added in, plus Harmonic Pattern indicator.
I still favour Daily time frame, providing I can avoid trades dragging on for months
and Trend Strength should be very high in the wrong direction - the higher the better!
but on H4, ideally a good Trend Strength reading where trend has already
reversed ahead of Daily
and of course, make sure there is WOS
Otherwise you may still win, but after months of sideways congestion - literally
I really want to avoid that