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Old 03-11-2006, 01:42 PM
alp alp is offline
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Join Date: Nov 2005
Posts: 109
alp is an unknown quantity at this point
Hi Dan,
I use it from time to time and trade manually.
If you are going to try this system then you have to keep in mind the following things:
1. This system doesn't like ranges especially with high amplitude and sharp
reversals. Thus /\ -like tops and \/- like bottoms are not its favorite ones.
Round tops and bottoms are what it likes.

2. If you turn this system into a simple reverse one, i.e trade every swing you will definitely loose. Always use the targets as TPs.

3. Always pay attention to the the highest high and the lowest low of the group of the six bars excluding current (0) bar. (Default settings). The breakout of this level will change the whole picture.

4. Once you entered the trade on, say, H1 then you'd better monitor the market using minor TFs (5-15) for the possible exit. Again targets on H1 shall be used as exits.

Good luck then,

Alex
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