There are clearly numerous methods that can be applied to HPs main theme, and all most probably have their merits.
In my case, I have chosen to play "retracement breaks", which is similar but not exactly the same as the methods shown in this thread.
All the ideas are great, but I think each person should specialise their chosen technique personally, and fully understand it to avoid being derailed by all the alternatives available, otherwise you'll be forever hopping around without actually developing a system, settle into it, and effectively trade it.
For instance, my version suits me, but I know that one size does not fit all, so I'd advise adopting the main theme as per HP, choose the way that looks easiest for you, and adjust it to suit your own taste, which is exactly what I have done.
I'll post a chart or two during the week, but I emphasise, my take does not need to be the same as anybody elses, so long as I fully understand my own rules is all that matters, and the same should really apply to all traders imo.
LL
In my case, I have chosen to play "retracement breaks", which is similar but not exactly the same as the methods shown in this thread.
All the ideas are great, but I think each person should specialise their chosen technique personally, and fully understand it to avoid being derailed by all the alternatives available, otherwise you'll be forever hopping around without actually developing a system, settle into it, and effectively trade it.
For instance, my version suits me, but I know that one size does not fit all, so I'd advise adopting the main theme as per HP, choose the way that looks easiest for you, and adjust it to suit your own taste, which is exactly what I have done.
I'll post a chart or two during the week, but I emphasise, my take does not need to be the same as anybody elses, so long as I fully understand my own rules is all that matters, and the same should really apply to all traders imo.
LL