DislikedAs most of you will know by now I am a bit of a records freak. I have been back through the levels given by Dale and applied my usual criteria of avoiding both news & tests, and stood aside when the market is moving like an express train after a major news announcement, for example no $ shorts in the period after the FOMC news when price went up relentlessly. Other than that, I let each trade trigger regardless of it being a level given same day or one given 2 week prior. And I let them trigger in the Asian session unless there was a news event...Ignored
Ziggy could you find out what strike rate a 10 (or 12 as in the original system) pip stop and 20 pip PT would have? So you would only need a 33% or 37.5% strike rate to break even. As I see from your recent analysis, there might be an edge. And a 2:1 Reward:Risk ratio would be even more comfortable to most of us traders. Even if we get hit by a few bad trades like yesterday, one winner would compensate them. Nevertheless, keep up the fabulous work and I wish you all many green pips!
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