Disliked{quote} browsing through thread I find this chart from pips29 and looks like big mess in the left side of chart but he traded with success https://www.forexfactory.com/showthr...4#post12692054 maybe its more we dont understand about this method and its not all just the rules in first postIgnored
EURUSD ADR nowadays is barely 50 pips and cable can reach easily 100 pips,co those candles on both charts might looks same,but their meaning is different.
You,forexdg,I hope that pips29 will agree with me,even this method appears mechanical it is not.You will get fake signals and you have to deal with it, so you'll have to to consider other thing,before you enter trade all those things has been mentioned here already,
Do not rush.Wait for trade a pick up properly,Remember,you will need only 3 trades a day with 10-12 pips to make 5% of your equity risking just 1.66%.
I did today 80 pips in 6 trades however 3 of them were failure and made only 10 pips together of those 80. About 13% of equity today.
Whether you think you can, or you think you can't,you're right. H.F.