Quote:
Originally Posted by fxbs
Hi, Dav! system and rules are logical, all make sense
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Thanks fxbs, I take this as a great complement, because the heart of the system is based on lots of logic. As you see the AO is extremely sensitive to the moves, and is also easy to visualize and measure. But since you can not just keep going in and out with the AO for at best you might BE or worse you could lose on a ranging day, this is where the fx sniper comes in the picture. With this we try to take into consideration the immediate term small trend which is happening in the 1M chart, by looking at that we have a better chance of choosing the right ones so to speak. Also the SDL can put the price into a little perspecive and can save us here and there from some bad trades. Then we also have to take in consideration that when we see a big gap between the top and bottoms and the current price, it tells us that the market is unstable and wild so better not risk it. and so goes the reasoning for the ATR levels as explained already earlier, Thanks again and good luck.