I haven't added anything to the thread for a while. The method I am about to share is completely untested...I just wanted to pass it along to you folks out there. I got the idea a couple days ago.
Insert-Indicators-Bill Willaims- Fractals.
Insert-Indicators-Occilators- Relative Strength Index
So all you need for this method is fractals and RSI. Basically the idea is to wait for a fractal to form in the overbought or oversold areas and trade to the 50 mark, or if you're really ambitious trade until another fractal forms in the opposite RSI area. A very very simple idea, I give you world. Somebody looking for a system should try this out and post the results.
Thanks,
Scotty B
Insert-Indicators-Bill Willaims- Fractals.
Insert-Indicators-Occilators- Relative Strength Index
So all you need for this method is fractals and RSI. Basically the idea is to wait for a fractal to form in the overbought or oversold areas and trade to the 50 mark, or if you're really ambitious trade until another fractal forms in the opposite RSI area. A very very simple idea, I give you world. Somebody looking for a system should try this out and post the results.
Thanks,
Scotty B