Thread: Follow The Bouncing Pip
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Old 11-12-2007, 10:32 AM
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Quote:
Originally Posted by 4xpipcounter View Post
Does anyone use this indicator as a standalone. Let's say you get the signal, then jump in. It takes off in your favor, set the stop to break even. Let's say it goes against you and hits your stop. Then, just wait for the next signal and get back in. Keep repeating the process until it gets right. After all, it seems clear to me that it is not the W-L pct that is important. Getting in for the ride is the important thing.
BTW, I went long the GBP/JPY and USD/JPY.
I usually wait for a definite candle-formation along with my mfi either at or below 20 to go long. I generally dont get to many repaints this way.
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