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well that looks cool, so far what I see on your chart, and this was my question to bigbear, you have one bar pased since arrow plot... thas nice... the second big question here will be, if price moves down below arrow, will arrow disapear ? cheers Walter.
Here I post an historical example of how this arrow was plotted, price moved against it and apparently arrow did not disappear ¡¡¡.. still plotted ¡¡...
So my simple question once again (sorry if I sound like a broken record)... do price arrows disapear once ploted ? specially in the case of price moving against the arrow ?, and how much can historical plots could be used to manual test this nice cool indicator.... cheers Walter.
About the arrows disapearing, (moving) are you shure Bear thats the case ? I am looking (playing) with a 1 min database and you can clearly see that the plots are there (dont disappear, move)... lots of arrows that still are there even when price action whent against them... have you experienced on real time a disapearance or move ? it sounds to me this indicator its showing you on the chart all what you get... maybe I am wrong... his performance is VERY good... maybe I will contact the author (Dr. Richard Gains and ask him)
In its purest form you would exit the next time you see an arrow or the ZIGZAG line bounces.
i can give you some averages on the pairs I trade.
EUR/JPY 1 HR SL 30 TP 200
GBP/JPY 4 HR SL 60 TP 350
Your stop loss should always be behind the arrow, basicly behind the last established high/low.
Hope that helps.
Bear-
Yes Bear, that helps a lot, thanks. Excellent rules. Simplicity in it's purest form.
So far this week I have taken 2 trades (both on H1), and I have made 200pips. And I've got a full-time job!!! Bear dude, how the heck did you discover this system?
Obviously I need to test this system over the coming weeks, but if it keeps up this kind of performance, SHIT man, I might be able to quit my day job within one year!
Linear Mode
