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Just for kicks I have been reading this thread. Funny that Clam didn't report the results to post #94 graph "Wolfe Wave". Turns out it moved down. 2.3682 is a Murrey Math 4/8 line, a major support resist line. All penetrations of this line are clearly high OSMA values. I'm getting the full list of 64 trading signals, but my first rule has been used very profitably so far. The rule I have doesn't apply to this chart (Clearly within the channel 2.3865 @7/8 and 2.3449 @1/8.
Going back a little, the 2.3438 @0/8 line was penetrated but didn't go past the critical -2 line 2.3315. That means buy signal on 0/8, close trade at 4/8 2.3682 for 244 pip. Similar signals 9/5/06 SELL, 9/13/06 BUY and 8/15/06 SELL. 3 easy trades, nearly 250 pip each time. No false signals. The 9/13 signal might have been filtered out by looking at previous time frame, but mechanically trading the rule as it sits, that is 4 win 0 loss. wins are also 2x as large as losses
Even better, I can scan 10 charts looking for trade signals in under a minute.
Linear Mode
