Quote:
Originally Posted by FatherJack
Yep, I undestand now. So you wait for the channel to form, only then take it into account. It is allright, I used this approach but now I am totally ignoring it. Why? Because there is 50% chance that the price will respect the channel. And a 50% chance that it will never notice it.  Contre-trent is not what I do. Again, it looks nice on history, but it is very nasty when you trade on expectations of an imaginable trendline.
So we have different approaches. Let's agree. To differ. |
.......But a 50% accurate system which have at least 100+ pips prosperity with 30 pips SL is a profitable system.........When trend line is in your favor then its return is huge when compared with another system and it is only a part of my system not the real system................
Cheers mate............
Thanx and regards to you..............