It has literally been over a year that I have been
plotting reversals on this thread.
I’ve tried no end of permutations and
colourful cocktails of exotic indicators
In just about every case it has proved illusionary.
Indicators seductively throw traders off the scent,
at least most of the time, and in the case of quick
fix newbie traders all of the time.
I don’t propose to continue in this vein therefore
However, if there is one exception to the rule it
might be this:-
Forget ALL indicators, just use STR with
just one level of zero.
We are still looking for a nice long straight
STR signal line
However, if the line starts from the top or bottom
of the window and ends around zero…
However, if it starts anywhere above or below
zero and prints a significantly straight line
through and beyond zero it seems to win
every time - with no regard to any other
indicator, price action structure, time frame
So what stands between us and untold
millions of dollars?
It has been mentioned in recent posts-
STR does repaint, and sometimes
it morphs and remorphs beyond belief!
the worst problem is that by the time STR
establishes itself fairly certainly, the move
can be over.
and that, sadly, is no minor detail.
If you can get in on a nice cross of zero
you should win, providing the signal
doesn’t evaporate before your very eyes.
In hindsight though - a veritable Holy Grail.
Below you see a selection of nice looking
STR signal lines - you will readily discern
the point, the grey boxes didn’t work out,
the green boxes all won
in hindsight at least.
I will continue with this, to test it to
destruction, but this is definitely my
I feel like Alice down the rabbit hole