For those who have been trading this any length of time, aren't you always in a trade? A lot of comments I've seen are that people are waiting for signals. But if you're trading signal to signal, aren't you always in?

Look at a chart. You may not always get a true buy and then a sell signal. Bear has mentioned that he gets out on the first bounce on occasion.

aha -- that's the part I was missing. The first bounce then is a line without the arrow?

their are so many good pairs i cant decide

the buy signal in 1h u/j is starting well. (nzd/usd too)

thanks bear i will start the test.

i'm not always in a trade i use the 1hr chart I make pips then once overbought/oversold i cash in. You will hit lots of ups and downs going from sign al to signal. But Im sure some trading that way profitable (like Bear).
I use stochs with the ZZ pointers...I like to stay in profit

Can I ask you the setting of Stoch? I try 6,3,3 and 8,3,3 non bad....

I've read the entire thread. There's a lot of zig zag and pointer variations. Can you post what you use?

Yes. It is also possible for it to go right to a true signal with out a bounce.

I use the ZigZag pointer with the alarm if that helps (see attachment)

metastock:
i use setting 833 for Stochs

Attached Files

ZigZag_Pointer_alert.mq4 (5.4 KB, 129 views)

on 1h it seems work fine...........