DislikedIMO too much emphasis is being put on ST repainting. It doesn't really matter in my opinion since indicators are only that, indicators. I think some of us are really confused with what repainting really means. ST is based on price closing above the high and below the low of a channel. If price continues up, strong trend, price continues to close above the high of the channel and we get new short signals. The repainting issue is not a big deal since we have NL which will pick-up on a trend change and allows us to place trades in the right direction. Another great feature of ATP is we are trading multiple pairs which help to hedge bad trades.
TimeFreedomIgnored
One thing that you may not know however is that actaully I am not using ST dot as it was originally intended.
The actual rules state that when you see a dot above the bar you should go long above the high of that bar. And when you see a dot below the bar you should go short below the low of that bar.
In a sense, this is what we are doing, however I do not word it in this way.
This is why the S/L or Exit is so important because many times we get out during flags where we should have stayed in because during a flag, indicator is still pointing in the direction of the trend and not a reversal as seems apparent from the charts. In fact, they almost work like fractals, but better
I will keep working at it, because there is no doubt we are onto something very big and I can't wait to see us in a year or two when we get more comfortable with letting are trades run a bit longer.
You have to admit, trading this way gives you lots of time to evaluate with no hurry to make any quick or sudden moves.
The fear is no longer a hinderance to me. Confidence in my ability to read the market correctly is something that trading this way is alowing me to achieve.
And I hope it is that way for others as well
"Keep your eyes on the helpers" - Mr. Rogers