I would also add that looking at the 1h before entering to see if we are not possibly O sold there as well. Qucikly before entering I even look down at the 5 minutes to see if I might not get a better entry. All the pips add up in the end and by looking for O Sold on more TF's just before entry has saved me a lot of losing trades. With this system we dont have a huge Stoploss to work with thats why I am thinking better entries might keep losses down.
My trading has improved a lot since looking for Over bought/sold. I am tired of the losing trades. There must be a way to strive towards excellence by trying to make things for us better. This system is great as it is. I just look quickly at additional little things to keep me out of possible bad trades.
Harold what do you say ? Do you look for O sold on 1h before pulling the trigger?
I like this idea too, but am starting to suffer analysis paralysis, looking for too much confirmation/confluence etc....however I am going to try this out.
I started trading this system and nothing else on Dec12th.....at the end of the month I am +264 pips.
All in all rather promising, considering that includes the Christmas period and I'm new to this style, learning the nuances still.
I'll say it again, God bless you harold4x. I do hope we can keep this little community going.
Good post Harold, Since I started with this method I've tried to add many indicators to "help". After many attempts I'm back to using just what you put forth in the first post and I have to admit, it is more fun and a whole lot less fuss. Bob
